Madhur Iron and Steel Unlisted Shares FY24 Results: Undervalued Stock Alert with Major Clients!
Madhur Iron and Steel Unlisted Shares, which primarily manufactures structural steel products, produces steel angles, channels, flats, rods, and various other steel items that are extensively used in the construction and infrastructure sectors. The company has announced its FY24 results, so let’s take a look at its performance.
In FY24, the company’s revenue increased by 24%, reaching ₹239 crore, with a 3-year CAGR of 44%. Profits also rose to ₹12.2 crore, and the Net Profit Margin improved to 5.1%.
Moreover, some of the company’s major clients include POWERGRID Ltd, KP Group, Kalpataru Power Transmission Ltd, and Indian Railways.
The company’s EPS for FY24 is 20.98, with a P/E ratio of 6, which indicates that the stock is currently quite undervalued. This suggests that it could be a good long-term investment opportunity for investors. So, if you're interested in investing, contact Planify today and book your Madhur Iron and Steel Pre IPO Shares.
About Madhur Iron and Steel Limited:
Madhur Iron and Steel is a prominent steel manufacturing company in India, specializing in structural steel products. They produce a diverse range of steel products, including angles, channels, flats, and rods, catering to various sectors like power infrastructure, construction, and automotive. The company is known for its commitment to quality and adherence to international standards, having received approvals from prestigious organizations like PowerGrid and CORE. Their focus on technological advancements and efficient resource utilization has enabled them to establish a strong market presence and cater to a wide range of clients.
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