Multibagger Share: The share of a company manufacturing high quality coated metal products has traveled from about Rs 4 to about Rs 112 in the last 5 years. In these years the stock has given returns of more than 2800 percent. Now the company is going to raise money from preferential issue of equity warrants. we are talking Manaksia Coated Metals and Industries Limited (Manaksia Coated Metals & Industries Ltd or MCMIL).
The company has approved the preferential issue of 2,07,00,000 Fully Convertible Equity Warrants. These warrants will be issued at a price of Rs 65 per warrant, taking the total value of the entire issue to Rs 134.55 crore. The money will support the company’s strategic plans to reduce debt, expand capacity and make key technology upgrades.
MCMIL business
The company is a leading manufacturer and exporter of high quality coated metal products. Products include pre-painted galvanized steel and galvanized steel in coil and sheet form. These products are extensively used in construction, appliances, automotive and general engineering industries. MCMIL’s state-of-the-art manufacturing facility is in Kutch, Gujarat. The company’s standalone revenue in the April-September 2024 half year stood at Rs 372 crore. Meanwhile, EBITDA was recorded at Rs 29 crore and net profit at Rs 5.4 crore.
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25000 made 7 lakhs in 5 years
The share price of Mankasia Coated Metals & Industries Limited was Rs 3.8 on BSE on December 27, 2019. On Friday, December 27, 2024, the share closed at Rs 111.96. In this way the return in 5 years was 2846.32 percent. In such a situation, the Rs 25,000 invested in shares 5 years ago would have increased to Rs 7 lakh, provided the investor had not sold the shares. Similarly, an investment of Rs 50,000 would have increased to approximately Rs 15 lakh and an investment of Rs 1 lakh would have increased to more than Rs 29 lakh.
Shares strengthened 280 percent in one year
According to BSE data, the share price has risen 280 percent in the last one year. The stock has gained 5 percent in just one week. The market cap of the company is Rs 831 crore. Promoters held 69.19 percent stake in MCMIL as of the end of September 2024. The stock had created a new 52-week high of Rs 114.95 on December 20, 2024 on BSE.
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