The shares of Ruby mills inched up by 1.1 percent and were trading at Rs 672 till 11.50 am on Monday. The shares reached its all time high of Rs 687 last week on Friday. In a month, the stock has gained approximately 48 percent. 

In January 2022, the stock was trading at Rs 264 a piece on NSE. From there it has spiked up to the current levels thereby delivering a multibagger return of 153 percent YTD. 

If an investor has invested Rs 1 lakh in the shares of the company in January, their investment would be worth Rs 2.53 lakhs in just nine months. 

The board of the company has approved the issue of Bonus shares to its shareholders. The ratio decided for the issue is 1:1 which means that one bonus share will be issued for each share held by the shareholders. For this purpose, the record date has been set as September 25th, 2022 and the stock will trade ex-bonus on September 22nd, 2022. 

Ruby Mills Limited is a composite Textile Mill engaged in the manufacture of Cotton/Blended Yarn and Fabric. The company is also engaged in the Real estate sector. The company conducts its business with more than 10,000 retail outlets through 200 dealers and 19 dedicated agents. 

In Q1FY23, their total revenue jumped by 140 per cent to Rs 62 crores up from Rs 26 Crores which they reported in the same period a year ago. On a sequential basis, their revenue dropped marginally from Rs 68 Crores. 

In the quarter under review, their net profit jumped multifold to Rs 9.73 crores up from Rs 0.61 crores which they earned in Q1FY22. In the previous quarter, the company had reported a total profit of Rs 19 crores. 

The small-cap company has a market capitalization of Rs 1,123 crores and the promoters hold a 74.9 per cent stake in the company with zero shares pledged. 

Written by Anoushka Roy


The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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