High ROE & high ROCE multibagger stock locked in upper circuit as Board announces stock split from Rs 5 to Re 1
The stock gave multibagger returns of 180 per cent in just 1 year; 750 per cent in 3 years and a whopping 2,600 per cent in a decade.
KPT Industries Limited announced stock split/sub-division of each equity share having a nominal value of Rs 5 into nominal value of Re 1, each fully paid up ranking pari-passu in all respects with effect from such date as may be fixed for this purpose ("Record Date") by the Board (hereinafter the term 'Board ', shall be deemed to encompass any committee formed by the Board, including those constituted by the Board subsequently) of the Company, subject to Members approval through Postal Ballot mechanism.
Incorporated in 1976, KPT Industries Ltd. is a diversified engineering company primarily engaged in the manufacturing and distribution of power tools, blowers, and electric vehicles. The company caters to a wide range of industries, including construction, automotive, manufacturing, and agriculture.
KPT Industries has established a strong domestic presence with a network of 456 dealers. Additionally, the company has expanded its operations internationally, with a focus on markets in Africa, the Middle East, and Australia. The company's product portfolio includes a comprehensive range of power tools, such as drills, grinders, and saws, as well as industrial blowers for various applications. In recent years, KPT Industries has ventured into the electric vehicle segment with its 'Pushpak' range of electric carts for waste management. The company's commitment to innovation and quality has enabled it to build strong relationships with leading domestic and international clients.
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On Wednesday, shares of KPT Industries Limited hit a 5 per cent upper circuit to Rs 1,129.20 per share from its previous closing of Rs 1,075.45 per share. The stock’s 52-week high is Rs 1,360 and its 52-week low is Rs 413. The company has a market cap of Rs 384 crore with an ROE of 24 per cent and an ROCE of 24 per cent. The stock gave multibagger returns of 180 per cent in just 1 year; 750 per cent in 3 years and a whopping 2,600 per cent in a decade. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.