Multibagger penny stock below Rs 10: Micro-cap company expands into non-metal plumbing products, investing in new machinery to target global markets!
DSIJ Intelligence-1 / 28 Jul 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock gave multibagger returns of 310 per cent in 3 years and a whopping 560 per cent in 5 years.
Sprayking Limited, formerly known as Sprayking Agro Equipment Limited, is strategically expanding its product line to include non-metal products for the global plumbing market. This initiative aims to meet the increasing demand in the export sector, diversifying the company's offerings to its international clientele. This move highlights Sprayking Limited's dedication to growth, innovation, and adapting to the changing needs of the global market.
To facilitate this expansion, Sprayking Limited has invested in advanced machinery and specialised dies for manufacturing non-metal products. This significant investment is a key part of the company's broader growth strategy, ensuring they meet the required industry standards. This product line expansion is a pivotal step for Sprayking Limited as it strengthens its position in the international plumbing market.
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About the Company
Formerly known as Sprayking Agro Equipment Limited, Sprayking Limited has rebranded to reflect its expanding business strategy and broader market aspirations. Established in 2005, the company specialises in manufacturing and trading a wide range of brass components and parts, including fittings, forging equipment, transformer parts, and customised brass components, as well as agricultural sprayer parts, garden fittings, extruded brass rods, and lead-free brass fittings. Sprayking is also a leading manufacturer of copper forging products, known for its commitment to quality craftsmanship and innovative design. With a global presence across the USA, Europe, Australia, Canada, South Africa, UAE, and India, Sprayking leverages its high-quality products, technical expertise, and state-of-the-art Research and Development facility to remain an industry leader in advancing forging technologies.
The company has a market cap of over Rs 50 crore and currently the stock is trading below Rs 10 per share. The stock gave multibagger returns of 310 per cent in 3 years and a whopping 560 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.