Zenith Birla, penny stock multibagger
Penny stocks are known to be the best when it comes to given multibagger gains to investors.
This is again proved by a penny stock named Zenith Birla (India) which has given fabulous gains of 311%.
The best part is that these multibagger gains have come from the penny stock in just the first two months of 2018.
The share price of Zenith Birla (India) increased from Rs. 0.45 on 1 January 2018 to Rs 1.85 as of date.
This has led the penny stock to give the multibagger gain of 311%.
Zenith Birla (India) qualifies as a penny stock. It has a face value of Rs 10 and is categorized under ‘T’ group of the Bombay Stock Exchange.
Zenith Birla shares has the security code: 531845.
The ISIN (International Security Identification Number) is INE318D01020.
When one is dealing with penny stocks with multibagger potential, the first question which has to be asked is whether the company has strong fundamentals (1).
Only penny stocks with strong fundamentals and good management track record can be considered for investment by investors.
Zenith Birla has good fundamentals and also a good track record.
It is a leading manufacturer of Steel Pipes in India. The company is engaged in manufacturing black welded and galvanized steel pipes and cutting tools. They operate in two divisions, namely pipes division at Khopoli and tools division at Nasik and Aurangabad.
It is a construction and engineering company with a market capitalisation of Rs 20.22 crore on the BSE.
Zenith Birla (india) ltd successfully executed a prestigious contract from Larsen & Toubro limited for the manufacture & supply of 26000 mt spirally welded ms pipes for transmission of water in Tamilnadu.
The penny stock has reported strong Q3FY18 numbers.
The quarterly income for the October-December period of FY18 increased two fold.
The total income of Zenith Birla increased 114.15% to Rs 27.69 crore for the Q3FY18 quarter as against an income of Rs 12.93 crore in the Q3FY17.
The net loss of the penny stock reduced to Rs 1.76 crore from Rs 5.76 on a Q-o-Q comparison.
ZENITH BIRLA (INDIA) LTD FUNDAMENTALS
Market Cap (Rs. in Cr.) 20.22
Earning Per Share (EPS TTM) (Rs.)-1.94
Price To Earnings (P/E) Ratio0.00
Book Value Per Share (Rs.)-6.56
|Parameter||MAR 17 (Rs Mn.)||MAR 16 (Rs Mn.)|
|Balance Sheet :|
|Total Non-Current Liabilities||451.31||454.92|
|Total Current Liabilities||3959.99||3688.08|
|Total Non-Current Assets||1114.74||1201.57|
|Cash and Bank||27.75||52.30|
|Total Current Assets||2415.06||2394.62|
|Profit & Loss :|
|Profit After Tax||-331.30||-326.60|
Whether this penny stock with strong fundamentals can give more multibagger gains in future has to be seen.