High ROE & high ROCE multibagger iron & steel stock to watch out as Board likely to announce stock split; FIIs increase stake in Q2FY25
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 262.4 per share, 323 per cent in 3 years and a whopping 860 per cent in 5 years.
Kamdhenu Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Monday, November 11, 2024, inter‐alia, to consider and approve:
- The un-audited Financial Results of the Company for the 2nd quarter and half-year ended on September 30, 2024.
- The proposal for sub-division/split of existing Equity Shares of the Company having face value of Rs. 10 each in such a manner as may be determined by the Board of Directors subject to the approval of shareholders of the company and such regulatory/ statutory approvals as may be required in this regard.
Kamdhenu Ltd., established in 1994, is a prominent player in the Indian manufacturing industry, specializing in the production and distribution of high-quality steel products and paints. The company is renowned for its flagship brand, "KAMDHENU," under which it offers a diverse range of products including TMT bars, structural steel, colour-coated sheets, pre-engineered buildings, and paints. Kamdhenu has solidified its position as India's largest branded TMT bar player in the retail segment, catering to both individual consumers and large-scale construction projects. In Q2FY25, FIIs increased their stake to 9.57 per cent compared to 6.12 per cent in June 2024.
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The company has a market cap of Rs 1,423 crore with an ROE of 27 per cent and an ROCE of 35 per cent. The company's working capital requirements have reduced from 62.6 days to 23.1 days and debtor days have improved from 63.1 to 27.5 days. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 262.4 per share, 323 per cent in 3 years and a whopping 860 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.