60,000 MT order book: Ashish Kacholia’s portfolio multibagger stock hits 52-week high as the company reports stellar quarterly results!
The stock gave multibagger returns of 150 per cent in just 1 year whereas BSE Small-cap Index is just up by 29.76 per cent.
Gravita India Limited, a leading "Recycling Company" having its manufacturing presence around the globe, hereby announced Quarterly Results (Q1FY24). Details below:
According to the quarterly results:
- Revenue from Operations grew by 21.21 per cent from Rs 580 crore in Q1FY23 to Rs 703 crore in Q1FY24.
- EBITDA skyrocketed by 262.50 per cent from Rs 16 crore in Q1FY23 to Rs 58 crore in Q1FY24.
- PAT increased by 17.78 per cent from a net profit of Rs 45 crore in Q1FY23 to a net profit of Rs 53 crore in Q1FY24.
- The company has a healthy order book of 60,000 MT as of June 30, 2023.
According to the annual results, the net sales increased by 26.40 per cent to Rs 2,801 crore and net profit increased by 37.84 per cent to Rs 204 crore in FY23 over FY22.
On Tuesday, shares of Gravita India jumped 5.60 per cent to Rs 671.60 per share from its previous closing of Rs 636 with an intraday high of Rs 675.95 and an intraday low of Rs 640.05. The stock also traded at a new 52-week high of Rs 675.95 per share.
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The stock has an ROE of 41.20 per cent and a ROCE of 31.10 per cent with a 5-year stock price CAGR of 35 per cent. An ace investor, Ashish Kacholia owns 2.15 per cent skate in the company as of June 2023.
The stock gave multibagger returns of 150 per cent in just 1 year whereas BSE Small-Cap Index is just up by 29.76 per cent. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.