2 Small Cap Stocks To Buy That Could Potentially Double Investor Wealth
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Krsnaa Diagnostics: Top player in the diagnostics space
The stock of Krsnaa Diagnostics has fallen from levels of Rs 965 to the current levels of Rs 482. Should it go back to Rs 965, it would have doubled investor wealth. Potentially, it can because of its rapid expansion plans. The company has good public private partnership plan and has tie-ups with various state governments. It has won orders in Maharashtra and needs to deploy 31 CT scan and operate 8 government installed CT scan across 39 government hospitals. Apart from the tender won in Maharashtra, the company also won tenders from the States of Rajasthan, Tripura and Delhi.
Krsnaa Diagnostics: Good expansion plans
The company is expanding its presence and during the quarter they added 6 radiology centers, 58 tele-reporting centers, 3 pathology labs, and 27 collection centers. As of today, Krsnaa is a leading PPP diagnostic player with 113 radiology centers, 1,439 tele-reporting centers, 53 processing labs, and 613 pathologic collection centers. For the quarter ending June 30, 2022,m the performance of the company was good, despite a drop in Covid revenues. The first quarter FY2023 sales and profitability of, Krsnaa’s core business of radiology and pathology, registered Revenues of Rs. 113 crores, a growth of 10.5% on a year-on-year basis, and 6% on a sequential basis.
Krsnaa Diagnostics: Attractive on valuations
The stock of Krsnaa Diagnostics has fallen as mentioned earlier, substantially from higher levels. In fact, the shares had got listed at over Rs 1000, a few months back. The price to earnings ratio for KRSNAA Diagnostics is now 23 times, which is reasonable for a fast growing company. For FY 2023-24, with the contracts seeing fructification, there is a potential for good earnings growth. Buy the stock for long-term returns.
Sportking India
The shares of the company have dropped from levels of Rs 2046 to the current market price of Rs 919. Nothing has changed fundamentally at the company, despite the stock price falling. It is one of the top textiles related exporter, with strong marquee clients that include Jokey, Zara, Ikea, H&M etc. It has well diversified range of products suitable for use in manufacture of woven and knitted fabrics for summer and winter wear. The company has over the years systematically expanded from 6520 in 1994 to 2,74,400 in 2022, while boosting profitability.
