Rajasthan Gases Ltd share: There was a gain of 4% or so in the market for stocks in the past month. During this time, many penny stocks have delivered impressive returns to investors.
Although penny stocks are very risky to invest in the markets, certain stocks have made their owners wealthy. The cost of a penny stock currently is just Rs 10. The share gave a 32% Return In 5 Days.
But, the gains have been phenomenal. The company’s name for its stock is Rajasthan Gases. On the last trading day, the price increased by 10% on the share price and it increased to Rs 10.28.
25% Profit In Just 5 Days
This stock has increased 25% over the last five days. Throughout this time, it’s been able to reach the price of 8. It has risen by 19% over one month, and by 40% over 6 months. It has risen by 80 percent in a year.
The 52-week high cost of the shares is 11.39. It reached 12.09.2023. Then the 52-week low is 6.11. It was last seen on the 29th of March, 2023. The market cap for it is 5.52 crore.
What Does Penny Stock Mean?
Companies that have share prices in the middle of the marketplace are referred to by the name of “penny stocks.”
There is a belief that the stock could become a multi-bagger, and generate massive profits. Since their prices aren’t as volatile, penny stocks are popular with investors.
Another reason to make penny stock appealing is the fact that companies that issue them usually utilize the shares to buy back shares from public shareholders, either directly or through the issue of new shares.
About Rajasthan Gases Ltd
Rajasthan Gases Ltd is engaged in the bottling process and the transportation of LPG Cylinders.
It has set up a facility for bottling LPG Cylinders with a capacity of 9792MT. The company is an Indian company that is involved in the petrochemical industry.
The company operates in the field of LPG bottling, distribution, and transportation. The company was established under its name as Rajasthan Gases Pvt. Ltd. on the 27th of August 1993, in Rajasthan.
Fundamental Analysis of Rajasthan Gases Ltd
| Market Cap | ₹ 5.79 Cr. |
| Current Price | ₹ 10.8 |
| 52-wk High | ₹ 11.4 |
| 52-wk Low | ₹ 6.11 |
| Stock P/E | — |
| Book Value | ₹ 14.2 |
| Dividend | 0.00 % |
| ROCE | -8.14 % |
| ROE | -22.5 % |
| Face Value | ₹ 3.00 |
| P/B Value | 0.76 |
| OPM | — |
| EPS | ₹ -1.12 |
| Debt | ₹ 4.97 Cr. |
| Debt to Equity | 0.65 |
Rajasthan Gases Ltd Shareholding Pattern
| Public Holding | |
| Sept 2022 | 99.99% |
| Dec 2022 | 99.99% |
| Mar 2023 | 100.00% |
| June 2023 | 99.99% |
| Sept 2023 | 99.99% |
Rajasthan Gases Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ -0.02 Cr |
| 2020 | ₹ -0.01 Cr |
| 2021 | ₹ 0.24 Cr |
| 2022 | ₹ 0.00 Cr |
| 2023 | ₹ 0.00 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -0.07 Cr |
| 2020 | ₹ -0.09 Cr |
| 2021 | ₹ -0.10 Cr |
| 2022 | ₹ -0.43 Cr |
| 2023 | ₹ -0.60 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 3.42 |
| 2023 | 0.16 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Current Year: | 46% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | -11% |
| 5 Years: | -16% |
| 3 Years: | -20% |
| Last Year: | 22% |
Company’s Positive Signs:
- The company’s stock prices are 0.76 percent of the book value.
Company’s Negative Signs:
- It has a low-interest coverage ratio.
- Over the last three years, the company has had a poor return on equity (ROE) of -20.2 percent.
Conclusion
This article is a complete guide about Rajasthan Gases Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Also Read: ₹30 Multibagger Share Announced Bonus Share! January 19, 2024, Is The Record Date
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
