Multibagger Stock Maan Aluminium Hit 20% Upper Circuit As Q4 PAT Up 77% YoY On Strong Revenue

Maan Aluminium is a small-cap company that recorded a market cap of Rs 336.88 Cr during Monday's closing session. The stock opened at Rs 225.85 apiece and log an intraday high of Rs 249.15 apiece triggering the stock to lock in the 20% upper circuit limit. In spite of a strong volume of 621,925 shares and a healthy 20-Day average delivery volume of 55.42% on Monday session the stock's key reason to spike is due to its impressive Q4FY23 results.

In the quarter ended March 2023, the company's profit increased by 77% to Rs 14.46 crore from Rs 8.17 crore in the corresponding quarter of the previous year. In the March quarter, revenue increased 103.78% to Rs 262.87 crore from Rs 129 crore in the March 2022 quarter. Operating profit climbed 85.55% to Rs 20.80 crore for the quarter that ended in March 2023 from Rs 11.21 crore for the same period the year before. The company's net profit grew 127% to Rs 50 crore for the fiscal ended March 2023 compared to Rs 22 crore for the fiscal ended March 2022. In the fiscal year that ended in March 2023, revenue climbed 42.21% to Rs 813.85 crore from Rs 572.29 crore in the financial year ended in March 2022.

Maan Aluminium is one of the leaders in the Aluminium extrusion industry in India. The stock touched a 52-week-high of Rs 258.55 (03/02/2023) and a 52-week-low of Rs 99.15 (21/06/2022), indicating that at the current market price, the stock is trading 3.63% below the 1 year high and 151.28% above the 1 year low. During Q4FY23, the company reported promoters shareholding of 66.04%, FIIs stake of 0.48% and public stake of 33.48%. As per the shareholding pattern of Maan Aluminium for January to March 2023 quarter, ace investor Ashish Jain held fully paid equity shares of 2,10,000 or 1.55% stake in the company.

The stock price climbed from Rs 56.10 to the current market price over the past five years, resulting in a multibagger return of 344.65%. The stock price soared from Rs 22.65 to the current market price over the past three years, resulting in a multibagger return of 962.62%. The shares of Maan Aluminium grew from Rs 120.20 to the current market price during the course of the past year, resulting in a multibagger return of 107.53%. The stock has risen by 47.34% YTD so far in 2023.