Jul 21, 2023

3,200 per cent returns: This multibagger micro

Captain Pipes Ltd, a leading player in the PVC pipes industry, has announced the receipt of its highest-ever monthly export order amounting to USD 3,60,000 in August. The company is aiming to increase its share of export revenue in total revenue from 12 per cent in FY23 to 20 per cent within the next three years.

Commenting on the receipt of the export order, the Management added: “As a growing player in the PVC pipe industry, Captain Pipes Ltd. has accomplished yet another significant milestone. With immense pride, we confirm the reception of our largest monthly export order to date, with a substantial value of USD 3,60,000. Our dedication to excellence, innovation, and customer satisfaction is exemplified by this accomplishment. It is our commitment to provide high-quality products adhering to industry standards as we continue to expand our global footprint. Our strategic aim is to elevate the share of export revenue within our total revenue from its current 12 per cent in FY23 to 20 per cent over the course of the next three years. This endeavour showcases our confidence in the demand for Captain Pipes' superior products on the international stage.”

On Tuesday, shares of Captain Pipes Ltd gained 0.81 per cent to Rs 25.99 per share with an intraday high of Rs 26.69 and an intraday low of Rs 25.90.

Captain Pipes Ltd is engaged in the business of manufacturing and selling UPVC pipes and fittings. The company has a market cap of Rs 362 crore. The company reported positive numbers in its Quarterly Results and annual results. In FY23, the company ex-traded bonus shares in the ratio of 2:1 and stock split from a face value of Rs 10 to a face value of Rs 1.

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The stock gave multibagger returns of 280 per cent in just 1 year and a whopping 3,200 per cent over the span of 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.

Captain Pipes LtdQuarterly Resultsbonusstock splitmultibaggermicro-cap