Mukul Agrawal & Dolly Khanna portfolio company reported stellar results, High ROE and ROCE, Stock hits upper circuit today!

The stock has delivered a multibagger return of over 150 per cent in just 1 years only.

Prakash Pipes is involved in the manufacturing of PVC pipes & fittings as well as packaging products. It was incorporated in June 2017 as a result of a demerger from Prakash Industries Limited. The company has announced its results for Q4 as well as FY24.

Financial Performance of Prakash Pipes:

As per the Quarterly Results, in Q4 FY24 the company achieved net sales of Rs 165 crores and an operating profit of about Rs 30 crores, reflecting growth rates of 6 per cent and 60 per cent respectively compared to the corresponding quarter of the previous financial year. Profits after Tax for the quarter also grew by 28 per cent, reaching Rs 25 crore on a year-over-year basis.

For FY24, the company reported net sales of approximately Rs 669 crore. The operating profit for the year increased to around Rs 107 crores, up from Rs 83 crores in the previous year, marking a 29 per cent growth. Profits after Tax rose to approximately Rs 90 crore, compared to Rs 71 crore in the prior year, showing a 26 per cent increase. The Earnings Per Share (EPS) for the year is Rs 37.48, up from 29.81 in the previous year.

In light of the strong financial performance, the Board of Directors recommends a dividend of 18 per cent, which translates to 1.80 per Equity Share of Rs 10 each.

Shareholding Pattern:

In terms of shareholding, promoters hold 44.27 per cent, while FIIs and DIIs hold 0.37 per cent and 0.02 per cent respectively. Public investors hold 55.32 per cent, according to the recent update. Dolly Khanna and Mukul Agrawal hold 2.87 per cent and 2.51 per cent of the company, respectively. They earned Rs 2.52 crore and Rs 2.21 crore in one day as the stock rallied 10 per cent and hit the upper circuit.

Share Performance:

Today, the company’s share closed at Rs 406.15 per share, representing a rally of around 10 per cent on the BSE. The current market capitalization of the company stands at Rs 971.44 crore. Additionally, it has delivered a multibagger return of 151 per cent in just one year.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.