This multibagger stock declares a 1:1 bonus issue for the first time.
99% of you are not familiar with this stock.
It was listed on the market in 2017 & from there it gives more than 10x return to its shareholders in just 5 years. And 6x return in just 1 year.
So don’t waste your valuable time let’s jump to the topic.
The stock name is IFL Enterprises Ltd.
Let’s know something about the company.
IFL Enterprises Company is involved in the business of trading in goods e.g. fabric and related products as well as shares and securities within permissible limits prescribed by the regulators such as RBI or SEBI.
Let’s see Q1 FY22 numbers of this company
Financial Results (Q1 FY2023) – QoQ Comparison
|Financials||Q1 FY2023||Q4 FY2022||% Change|
|Total Income||₹ 1.82 crs||₹1.93 crs||-5.70%|
|Net Profit||₹0.10 crs||₹1.40 crs||-93%|
Financial Results (Q1 FY2023) – YoY Comparison
|Financials||Q1 FY2023||Q1 FY2022||% Change|
|Total Income||₹ 1.82 crs||₹0.00 crs||18200%|
|Net Profit||₹0.10 crs||₹0.12 crs||-16.6%|
As you can see numbers are bad.
But now check the return of the stock.
1-month return 30%, 1 year return 513% & from listing (2017) it gives 668% return as you can see.
IFL Enterprises Ltd. never gives any dividend to its shareholders.
For more Bonus Issue Updates visit our Upcoming Bonus Issue page.
In conclusion, I’m going to share my personal view on this. No recommendation & nothing just for learning purposes.
IFL Enterprises Ltd. is no doubt a multibagger based on the return history but other parameters are very bad like sales are not going over the years, net profit also in same situation & promoters has only 1.21% shareholding.
So based on the return history don’t go for any type of investment. If you are a speculator then you can, no one can stop you.
Let us know your opinion in the comment section.