From Rs 35 to Rs 202: The shares of this speciality chemical company owned by Ashish Kacholia is outperforming markets!

As per the company’s shareholding pattern for April to June 2022 quarter, the 'big whale' of the stock market holds 21,42,534 shares, or 1.93 per cent of the total paid-up capital of the chemical company

Ashish Kacholia has raised his shareholding in Fineotex Chemical from 1.84 per cent to 1.93 per cent in Q1FY23. As per the company’s shareholding pattern for April to June 2022 quarter, the 'big whale' of the stock market holds 21,42,534 shares, or 1.93 per cent of the total paid-up capital of the chemical company. In January to March 2022 quarter, Ashish Kacholia was holding 20,42,534 shares or a 1.84 per cent stake in the company. So, the czar of Small-Cap stocks of the market raised his stake in the company by adding 0.09 per cent shares to the company.   

Fineotex Chemical  Limited is a speciality chemicals manufacturer that caters to multiple sectors such as textile, home care, hygiene, mining, garment, water treatment, leather, construction, paint, agrochemicals & adhesives.  

The company reported a 47.2 per cent increase in consolidated net profit to Rs 16.52 crore on a 61.8 per cent rise in the net sales to Rs 121.39 crore in Q4FY22 over Q4FY21. The operating profit for Q4FY22 was reported at Rs 21.75 crore, registering an increase of 38 per cent as compared to Rs 15.76 crore in the same quarter of FY21. Looking at its consolidated annual performance, the net profit has increased by 27.68 per cent in FY22, which stands at 56.89 crore vis-à-vis Rs 44.56 crore in FY21. The net sales rose by 68.2 per cent to Rs 368.23 crore in FY22 from Rs 218.51 crore reported in FY21.  

The company is also considering raising funds by issuing equity shares and/or other equity-linked securities through permissible mode(s) including but not limited to a private placement, preferential issue, qualified institutional placement, further public offer, etc., or any combination thereof in FY23.   

Fineotex Chemical shares delivered 111 per cent returns to its shareholders in the last year and gained 503.16 per cent in the past five years.