Mohan Meakin Limited FY24 Results: Old Monk Owners Show Explosive Growth! Should You Invest?
The company that owns Old Monk, Mohan Meakin Ltd., has released its FY24 results. So, let’s get you intoxicated with its results in just 1 minute!
Revenue has grown by 9%, increasing from ₹1,771 crore to ₹1,930 crore. And what about profit? Well, that has surged by 23.8%, jumping from ₹68 crore straight to ₹85 crore! As a result, the EPS has also risen from ₹80 to ₹100.
Financial Position: Total assets have increased by 23.1%, growing from ₹434 crore to ₹535 crore. There’s a mind-blowing 1,515% increase in non-current financial assets. Total equity has also risen from ₹280 crore to ₹366 crore, thanks to higher profits.
Future Plans: The company’s vision is crystal clear. Looking at the growth potential in the alcohol and beverage industry, they are expanding their portfolio. mohan meakin share is an undervalued opportunity. Its PE ratio is 23, which is significantly undervalued compared to the industry PE of 41. So, this is the perfect time to invest in it. And for that, pick up the phone and call Planify @ 7065560002.
About Mohan Meakin Unlisted Shares:
Mohan Meakin is a renowned Indian alcoholic beverages company with a rich heritage dating back to 1855. Its unlisted shares offer investors potential opportunities in the consumer goods sector. While not traded on public exchanges, these shares can be bought and sold through private channels. Factors influencing the value of Mohan Meakin's unlisted shares include the company's financial performance, market trends, brand recognition, and any potential future listings. Investors should carefully consider the risks and rewards associated with investing in unlisted shares and conduct thorough research before making any decisions.
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