Multibagger small-cap stock hits new 52-week high; Ace investor Ashish Kacholia has it in his kitty!

stock has given multibagger returns of more than 200 per cent in just 1 year 

On June 2, 2023, the shares of Venus Pipes & Tubes Limited plunged by 2.15 per cent, currently trading in red at Rs 1086.50 per share on BSE. Earlier this morning the shares touched a new 52-week high of Rs 1,119.05 per share on BSE.  

The company is leading manufacturer and supplier of Stainless-Steel Pipe and Welded Tube. Venus Pipes & Tubes Ltd also exports stainless-steel pipes and tubes. The company's financial results are as follows :

  The key highlights of Q4FY23:    

1) Total revenue stood at Rs 176.3 crore, witnessing a surge of 60 per cent YoY basis as compared to Q4FY22.    

2) The operating profit stood at Rs 21.6 crore, increased by 57 per cent on YoY basis as compared to Q4FY22.    

3) Net profit of Rs 13.4 crore, up by 66 per cent on YoY basis, compared to Q4FY22.    

The key highlights for FY23:    

1) Total revenue of Rs 552.4 crore, zoomed by 42.8 per cent on YoY basis over FY22.    

2) The EBIDTA level stood at Rs 69.1 crore, witnessing spike of 40.4 per cent on YoY basis as compared to FY22.    

3) PAT recorded at Rs 44.2 crore, jumped 39.6 per cent on YoY basis from FY22.    

Stock Price The compound annual growth rate for 1 year is at 230 per cent. Ashish Kacholia, a renowned investor, has added Venus Pipes & Tubes Ltd to his portfolio. He purchased 400,000 shares in a block sale for an average price of Rs 750 per share.    

Venus Pipes & Tubes Ltd is a manufacturer and exporter of stainless-steel pipes and tubes. On expansion front, the company begins its commercial production from their new plant following the commercial production for mother hollow pipes.  

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The stock has witnessed significant buying activity as it has given multibagger returns of more than 200 per cent in just 1 year. Investors should keep an eye on this Small-Cap manufacturing stock.