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Rs. 1 Lakh Invested in This Multibagger Penny Stock Would Become Rs. 5.67 Cr. In 3 Yrs

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Flomic Global Logistics

Last Updated on Dec 15, 2021 by Aradhana Gotur

Had you invested Rs. 1 lakh in Flomic Global Logistics penny stock 3 yrs ago, your investment would grow to Rs. 5.67 cr. now. Flomic Global Logistics has grown from Rs. 0.35 per share to Rs. 198.45 apiece, zooming to ~567 times in around 3 yrs!

Share price history

A closer look at the last six months shows that the stock has surged from Rs. 10.37 to Rs. 197.80, growing ~1,800%. Further, it gave returns of a whopping 10,050% in the year-to-date time, ascending from Rs. 1.95 apiece to Rs. 197.80 levels. The multibagger Flomic Global Logistics hit a 52-week high of Rs. 216 on 28 October 2021 and a 52-week low of Rs. 1.53 on 8 December 2020.

About Flomic Global Logistics

A logistic company, Flomic Global Logistics Limited, serves customers across the globe. They offer varied services, including warehousing, freight forwarding, distribution, cargo, customs broking, consolidation, and multimodal transportation.


Shareholding pattern

At the end of the September quarter, two promoters held a 27.49% stake in the company, whereas public shareholders had a stake of 72.51%. 52.50 lakh shares of Flomic Global Logistics were held by 536 public shareholders. Foreign portfolio investors (FPIs) had no stake in the company during the Q2 of the current fiscal.

Financials had no bearing on the price

But the monumental rise in the share price was not due to the company’s financial performance. In the September quarter, Flomic Global Logistics declared a 17.65% decline in net profit. However, the operating profit grew 45% y-o-y to Rs. 4.99 cr. and sales zoomed 100% y-o-y to Rs. 80.44 cr. Earnings per share (EPS), on the other hand, fell to Rs. 0.39 in the quarter under review from Rs. 0.47 during the same quarter previous year.


Comment on the broader market

Says Ankur Saraswat, Research Analyst at Trustline Securities, that, “Amid these volatile times, there are some hidden gems in the market that are poised to outperform with their strong balance sheet, leadership position and are almost debt-free. Empirically, they have managed to provide decent returns in the past and will continue to enhance shareholders’ wealth going ahead.”

Aradhana Gotur
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