FPI-Backed Penny Stock To Consider Fundraising After Posting Positive Q2 Performance; Do You Own?

On Monday, shares of real estate company Vipul Ltd jumped around 4.50 per cent to an intraday high of Rs 31.49 per share from its previous closing of Rs 30.12 per share. The stock's 52-week high is Rs 53.01 and its 52-week low is Rs 15. The company has a market cap of over Rs 435 crore with multibagger returns of around 70 per cent in 1 year.

Vipul Ltd.'s shares were the talk of the town after the company announced that the Board of Directors will meet on Tuesday, December 10, 2024, to discuss and approve a proposal to raise funds through the issuance of equity shares, and any other equity-linked instruments or securities.

"Further, we wish to inform that in terms of Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended and Code of Conduct for Prevention of Insider Trading of the Company, the Trading Window for dealing in securities of the Company for all the Designated Persons including Insiders, will be closed w.e.f. December 04, 2024 and shall remain closed until December 12, 2024," said the company in a stock exchange filing.

In the September 2024 quarter, the company's net profit was Rs 39.24 crore, up 7.42% from Rs 36.53 crore recorded in the September 2023 quarter. Its net profit increased by 6.53% from Rs. 1.00 crore in Q2FY24 to Rs. 1.06 crore in Q2FY25. EBITDA increased 30.07% from Rs. 2.96 crore in the September 2023 quarter to Rs. 3.85 crore in the quarter ended September 2024.

Registered at a market cap of Rs 397 crore, Vipul Limited has excelled in delivering a profit growth performance with a CAGR of 188% for the past five years. On the other hand, the acquisition cost of the share is associated with a price-to-earnings ratio of 2.02x and a return on equity of one hundred and one per cent.

In Odessa, Ukraine, about a month ago in July 2024, a fellow member of Vipul Limited, Vipul Organics Limited reported its Q1 financial performance for the financial year ending June 30 2024-25. The net CSRE operating revenue amount totalled Rs 38.19 crore which is a marginal increase as compared to the revenue reported during the first quarter of the fiscal year 2023-24. Nonetheless, the company's profit after tax (PAT) on the standalone basis increased by 120.27% while the consolidated PAT grew by 119.38% both turning to be Rs 1.13 crore in the reporting quarter.

Addressing the financial performance, Managing Director of Vipul Organics Limited, Vipul P. Shah noted: "Over the past twelve months, our entry to higher margin, and value-added product segments has greatly enhanced our margins. This is evident in the increase of over 100% in profits, relative to the previous year. Although our topline figures are yet to show any appreciable effects of coming trends in the chemical sector, we remain hopeful. The uncertainty around the General Elections and the full impact of the budget held back the market, but we are positive in that we will be recovering both the domestic and international markets."

Established in the year 1991, Vipul Ltd is a well-known player in the Indian Real Estate industry, owned by Vipul Group which is a reputed group. Within the space of several years, the firm has created a wide array of real estate projects from residential buildings and commercial premises to integrated cities and secured clusters of houses. A mature firm like Vipul Ltd oriented towards entrepreneurship and customer satisfaction has worked for more than 30 years and completed over 10 million square feet of real estate for more than 7000 satisfied customers. Zip cod 110019 Headquarters of the company are Gurugramsee also section on bhubaneswar ludhiana and dharuhera dharuhera bawal faridabad. The group has executed several commercial projects such as Vipul Business Park, Vipul Plaza and residential properties such as Tatvam Villas, Vipul Greens.