multibagger penny stock: The bumper boom in this multibagger stock made investors rich in a year 2023

The bumper boom in this multibagger stock made investors rich in a year
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An amount of Rs 1 lakh invested in the microcap share a two year ago would have turned into Rs 16.97 crore on April 22.

Multibagger Penny Stock :

If the investment is made in the right stocks in the market, then bumper profits are certain. Many stocks have made investors rich. One such stock which is a multi-product textile company. SEL Manufacturing Company Limited This company is engaged in manufacturing, processing and trading of Yarn, Fabric, Readymade Garments and Towels. It offers terry towels, such as beach towels, bath towels, kitchen towels and Christmas towels.

SEL Manufacturing Company Limited gave more than 169735 percent return to the investors in one year. The share price of the company increased from Rs.1 as on Jul 06, 2020 to Rs.1698.35 as on Apr 29, 2022, registering a growth of about 121211% in the holding period of one year. If someone would have invested Rs 1 lakh in this company before 06 July 2020, then on 29 April 2022 he would have got a return of Rs 16.97 Cr. and it made multibagger stocks for 2023.

History of SEL Manufacturing Company Ltd :

SEL Manufacturing Company Ltd. Company  was incorporated on May 8, 2000. It is a part of the R S Saluja Group of Companies set up by Mr. Ram Saran Saluja. The R S Saluja Group has been in existence for more than 35 years, having facilities for manufacture of yarns, fabrics, garments in addition to our manufacturing facilities we also have in-house facilities for garment design and development among others.

Incorporation of our Company on May 8, 2000 under the name of ‘Saluja Exim Limited’ Change of name to ‘SEL Manufacturing Company Limited’ w.e.f. July 21, 2003.

SEL Manufacturing Company Ltd Stock Analysis :

In fiscal year 2011, the company earned ~10% of its revenue from the sale of finished goods, ~89% from the sale of services (job work), and ~1% from others. The market cap of SEL Manufacturing Company Limited is Rs 428 crore. And the ROCE of the stock is -13.0% and ROE is -95.1%

Currently SEL Manufacturing Company Limited share is trading at Rs.125 – 130. The stock’s 52-week high is Rs 946 and its 52-week low is Rs 118. Investors can add it to their portfolio to earn profits. The stock is currently trading at a 52-week low.

Annual reported revenue of Sel Manufacturing Company Ltd.
Multibagger Penny stock

SEL Manufacturing Company Ltd Profit and Loss Reports :

1. Quarterly Results :

(Consolidated Figures in Rs. Crores)

ParticularsSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Sales +10711711611866143228
Expenses +11311411213882154252
Operating Profit-633-20-17-11-23
OPM %-5%3%3%-17%-26%-8%-10%
Other Income +2167242-2
Profit before tax-37-28-24-51-28-45-62
Tax %0%0%0%0%0%0%0%
Net Profit +-37-28-24-51-28-45-62
EPS in Rs-11.24-8.54-7.30-15.35-8.40-13.64-18.72
Quarterly Results of SEL Manufacturing Company Ltd.

2. Profit & Loss :

(Consolidated Figures in Rs. Crores)

ParticularsMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Sales +2,0811,261603347189420554
Expenses +2,7411,550665423331426626
Operating Profit-660-289-62-76-142-6-71
OPM %-32%-23%-10%-22%-75%-1%-13%
Other Income +99-1,565-157-3632,7581030
Profit before tax-865-2,013-372-5872,507-131-186
Tax %34%-26%0%0%0%0%0%
Profit & Loss of SEL Manufacturing Company Ltd. (Source of financial data –

SEL manufacturing company ltd latest news :

As per the latest news The Exchange had sought clarification from SEL Manufacturing Company Limited for the quarter ended 31-March-2023 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Based on the above, the company was required to provide the following clarifications: -1. The company has not filed details of the revised opinion or in case of unmodified opinion, a declaration to that effect with the stock exchange. The reply of the company is attached.

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Related Posts : Best SIP Plans – Top SIP Mutual Funds To Invest in 2023

Which penny stocks can be multibagger?

This 10 Best Penny Stocks with Strong Fundamentals
Suzlon Energy Ltd.
Reliance Power.
Vodafone Idea.
Alok Industries Ltd.
Yes Bank Ltd.
Dish TV India Ltd.
Morepen Laboratories Ltd.
GMR Power and Urban Infra Ltd.

Which penny stock can become multibagger in 2023 in India?

Suzlon Energy Ltd., Reliance Power, Vodafone Idea, Alok Industries Ltd and Yes Bank Ltd. this fundamentally strong penny stocks can become multibagger in 2023

Which stock will boom in 2023?

HDFC Bank. A private-sector Indian bank, this bank has proved its mettle for long-term shareholding. TCS/Tata Consultancy Services: Engaged in the services of IT and digital business solutions, TCS is an Indian company under the Tata Group.

What are penny stocks?

Penny stocks are shares of listed companies priced below Rs 100. In the US market, these stocks trade for less than a dollar i.e. for pennies. Hence the name.
Penny stocks have the potential for above-average returns. However, they are extremely risky. Therefore, investing in them requires care and caution.

What are the top 5 penny stocks?

As per Equity master’s Stock Screener, here is a list of the top multibagger penny stocks in India right now… #1 CRESSANDA SOLU. #2 PROSEED INDIA #3 GARV INDUSTRIES #4 RAJNISH WELLNESS #5 STANDARD CAPITAL

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