5:1 Stock Split Announced by This Ashish Kacholia-Backed Smallcap Company; Stock Rallied Over 950 per cent in 5 Years!
Ace Investor Ashish Kacholia owns a 4 per cent stake in the company.
Agarwal Industrial Corporation Ltd is primarily engaged in manufacturing and trading petrochemicals, including bitumen and bituminous products. The company is also involved in the logistics of bitumen and liquefied petroleum gas, as well as energy generation through windmills.
The Board has approved the payment of a dividend of Rs 3 per equity share of Rs 10 face value for FY24. Additionally, the Board has sanctioned the stock split from the face value of Rs 10 each to Rs 2 each.
Today shares of Agarwal Industrial Corporation Ltd are closed at around Rs 1220 per share. The company’s current market capitalization stands at Rs 1824.85 crore. Additionally, the stock has delivered a multibagger return of over 950 per cent in the past 5 years.
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As per the Quarterly Results, in Q1 FY24, Agarwal Industrial Corporation Ltd recorded a revenue of Rs 708 crore. The operating profit for Q1 FY24 stood at Rs 60 crore. The net profit for Q1 FY24 was Rs 39 crore. Looking at the annual performance, the company generated a revenue of Rs 2125 crore in FY24. The operating profit for FY24 was Rs 173 crore with a net profit of Rs 109 crore.
According to the shareholding pattern, promoters own 57.20 per cent of the company, while public investors hold 36.35 per cent. Foreign Institutional Investors (FIIs) own 5.97 per cent, and Domestic Institutional Investors (DIIs) have a 0.48 per cent stake in the company.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.