Shares of Lagnam Spintex, a hugely successful SME on the NSE, have hit an all-time high following the release of its Q4 2024 results. Shares up 225% in one year.
A multi-bagger stock: In Q4 FY2024, Lagnam Spintex posted a total revenue of Rs 149.82 crore, up 66% from its total revenue of Rs 90.41 crore in Q4 FY2023.
Multibagger share: The shares of Lagnam Spintex Ltd are a case in point in the Indian stock market. The NSE-listed SME stock was on an uptrend after it bottomed out at around ₹107 crore on March 13, 2024. However, this small-cap multi-bagger stock still has room to grow. Lagnam Spintex share price opened higher today, hitting an intraday high of 163.25 yen during morning trade. With the achievement of this intraday high, the multi-bagger stock also reached a new all-time high. Shares of Lagnam Spintex rose after the company announced its fourth quarter 2024 results on 29 April. In its Q4 FY2024 results, the small-cap company posted a 66% year-on-year increase in revenue, while EBITDA grew 165% year-on-year.
Lagnam Spintex Q4 2024 Results
In Q4FY24, Lagnam Spintex reported total revenues of Rs 149.82 crore, which was 66% higher than the total revenues of Rs 90.41 crore in Q4FY23. In Q4FY2020 results, the company reported EBITDA of ¥20.03m, up 168% year-on-year from EBITDA of ¥7.47m. The company’s profit after tax (PAT) increased 380% year-on-year to ¥7.30m, up from ¥1.52m in the fourth quarter of FY2013.
Lagnam Spintex share price history
In one month, Lagnam Spintex’s share price has gone from nearly ₹126.50 to ₹163.25 a unit, an increase of about 30% in this period. Year to date, the small cap stock of this multi-bagger company has gone from ₹86.45 to ₹163.25 a share, an increase of nearly 90% in this period.
In the last six months, Lagnam Spintex’s share price has gone from ₹68.75 to ₹163.25 per share, a rise of 135%. In one year, however, Lagnam Spintex’s share price has gone from ₹49.60 to ₹163.25 per share, a rise of about 225% in this period.
Multibagger IPO
The SME’s shares were offered in the primary market in September 2018 at a fixed price of ₹41 per share. The fixed issue was listed on the NSE SME Emerge platform on 18 September 2018. The SME stock traded flat and opened at ₹41 per share on the listing date. However, the stock showed buying interest and reached ₹163.25 per share in about five and a half years after listing. In the five years since listing, the NSE SME has risen about 300% from its issue price of 41 cents per share.
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