Ascom Leasing & Investments, a registered NBFC with the Reserve Bank of India, is a small-cap company that specializes in providing loans to customers. The company operates in more than 20 districts in Gujarat, and as of March 6, 2023, it has a market valuation of ₹343.54 Cr. Its shares closed at ₹439.90 apiece on the NSE, up by 1.14% from the previous day’s closing price of ₹434.95.
The stock has given multi-bagger returns in the past, with an investment of ₹1 lakh made five years ago now worth ₹14.54 lakh, reflecting growth of 1,354.21%. Similarly, an investment of ₹1 lakh made three years ago has grown to ₹14.66 lahks, reflecting growth of 1,366.33%, while an investment of ₹1 lakh made a year ago is now worth ₹10.33 lakh, reflecting a growth of 933.84%. The stock is currently trading 1,217.06% above its 52-week low of ₹33.40 and is up by 933.84% over the past year.
Ascom Leasing & Investments has announced that it will issue bonus shares to its eligible shareholders, and it has set March 6, 2023, as the record date to determine the eligibility of shareholders for the issuance of fully paid-up bonus shares in the ratio of 1:2. This means that eligible shareholders will receive one equity share for every two equity shares held of ₹10 as on March 6, 2023.
In FY22, Ascom Leasing & Investments made revenue from operations of ₹12.45 Cr, which is up by 16.36% YoY from ₹10.70 Cr recorded in FY21. The company’s net expenses also reached ₹5.98 Cr in FY22, up by 39% YoY from ₹4.30 Cr as recorded in FY21. The net profit of Ascom Leasing & Investments reached ₹4.87 Cr in FY22 as compared to ₹4.79 Cr in FY21, while the net profit margin stood at 39.15% in FY22.
Ascom Leasing & Investments is a company with over 33 years of experience in the financial sector. Its primary business is lending, and it has a strong presence in Gujarat, where it operates in more than 20 districts. As a registered NBFC with the Reserve Bank of India, the company operates in compliance with the regulatory framework governing the financial industry.
The stock of Ascom Leasing & Investments has given multi-bagger returns in the past, making it an attractive investment opportunity for investors seeking high growth potential. The stock has performed well over the past five years, three years, and one year, delivering returns of 1,354.21%, 1,366.33%, and 933.84%, respectively. Investors who invested ₹1 lakh in the stock five years ago, three years ago, and one year ago would now have investments worth ₹14.54 lakh, ₹14.66 lakh, and ₹10.33 lakh, respectively.
Ascom Leasing & Investments is a small-cap company with a market valuation of ₹343.54 Cr. The stock closed at ₹439.90 apiece on the NSE on March 6, 2023, up by 1.14% from the previous day’s closing price of ₹434.95. The company has announced that it will issue bonus shares to its eligible shareholders, with a record date set for March 6, 2023. In FY22, Ascom Leasing & Investments recorded revenue from operations of ₹12.45 Cr, up by 16.36