PE 21, ROE 40, strong third quarter results: FMCG stock Mishtann Foods is on an upward trend after entering the new year 2023.Small-cap stocks with similar market capitalization ¥$1.044 billion provided year-to-date (YTD) hourly returns of 15% to position shareholders. This could rise further as the small-cap company reports strong performance in his third quarter of fiscal year 2023.A fast-moving consumer products company has net income of ¥$137 billion in the third quarter of the current fiscal year, up nearly 70% in net income ¥8.05 billion in the third quarter of 2022.
Comparing the company’s first nine-month results of the current fiscal year to the first nine-month figures of the previous quarter, the FMCG company posted a nearly 100% increase in net income. Mishtann Foods Ltd reported third quarter results for fiscal year 2022-23, while net profit for the first nine months of the fiscal year was ¥$35.73 billion, ¥$18.03 billion in Q3 2021-22.
Small cap total revenue for the third quarter of the current fiscal year is ¥163.64 million rupees, about 10% higher than gross income ¥147.68 crore for Q3 FY2022. For the first nine months of the current financial year, Mishtann Foods Ltd reported gross revenue. ¥481.50 kroner, nearly 40% higher than total revenue ¥345 crore in the first nine months of the previous year.
The company’s operating revenue is ¥Rs 16.364 billion in the third quarter of financial year 2022-23, ¥147.68 SEK for the corresponding period of the previous financial year.
Stock History of Mishtan Foods
FMCG stocks remained in base building mode from January to August 2022. But since the beginning of August 2022, penny stocks have remained a “buy in the dip” idea among stock market bulls.Over the past month, this small cap has gone from 8.85 to ¥At the 10.44 level each, they yield approximately 18% returns to shareholders.Over the past 6 months, this penny stock has traded from 8.36 to ¥At a level of 10.44 per share, it was up nearly 25% over the period. In YTD time, the stock of this FMCG is ¥9.09～ ¥10.44 per share, rising to 15% in the new year 2023.
In the post-Covid rally, this penny stock delivered excellent returns for position investors. Penny stocks surged from all around ¥2.70～ ¥10.44 levels each over the last three years, giving position investors around 300% returns. This means Mishtann Foods shares are his one of the multi-bagger penny stocks that the Indian stock market has spawned in recent years.
According to information available on the BSE website, the market capitalization of BSE listed shares is ¥1.044 billion. The small cap FMCG stock currently has a PE multiple of 21.33, but a return on equity (ROE) of 39.71. Trading volume closed at 1,66,77,535 on Friday. This is about 4.5 times the average trading volume of the last 20 sessions.Its 52-week low is ¥At 1.394, its 52-week high was ¥19.55 each.
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