Shares of this high-FII participating Small-cap stock jumped up to 6 percent today after the net profits of the company nearly doubled Year-on-Year (YoY). In the last one month period, the stock has zoomed around 17 percent.
The stocks of 5paisa Capital Limited are trading in the green today and currently trade at Rs 427. The company has a market capitalization of Rs 1,300 crores.
Witnessing an intra-day high of Rs 444.30, the scrip recorded the same as the company’s new 52-week high mark. The day-high price indicates a gain of around 6 percent compared to the previous closing levels of Rs 417.80 apiece.
Such movements in the share price today are observed after the company, in a filing with the BSE, announced the financial results pertaining to Q1FY23-24.
The company, on a sequential basis, saw opposing movements as far as the operating revenues and net profits are concerned. The former reduced from Rs 90.59 crores during the March 2023 quarter to Rs 84.54 crores in the June 2023 quarter, and, the latter slightly gained by shifting from Rs 14.41 crores to Rs 14.53 crores.
Comparing Q1FY22-23 and Q1FY23-24, there have been decent improvements in the metrics mentioned above with the operating revenues going up from Rs 84.03 crores to Rs 84.54 crores, and, the net profits, during the same period, showed a movement from Rs 7.39 crores to Rs 14.53 crores representing a gain of approximately 97 percent.
Historically, the company has maintained healthy return ratios with the return on equity (RoE) reported at 9.40 percent during FY22-23 and the return on capital employed (RoCE) at 16.60 percent.
The latest shareholding pattern exhibits the Promoters holding a 33.33 percent stake, and Foreign Institutional Investors (FIIs) holding a huge stake of 23.8 percent in the company.
5paisa Capital Limited provides online financial services having various offerings including stock broking services, bonds & debentures, depository services, mutual fund research, etc with the help of its tech-based platforms.
Written by Amit Madnani
