12 per cent growth propels small-cap company into the spotlight

Ace investor, Ashish Kacholia added Venus Pipes & Tubes Ltd to his portfolio

Consolidated net sales at Rs 714.84 crore, up 51 per cent YoY.

As the season of financial results is on the company has reported excellent results and recommended a 2125 per cent dividend. 

 As the season of financial results is on the company has reported excellent numbers. 

As the season of financial results is on the company has reported excellent results.

In FY22 net sales increased by 56.24 per cent to Rs 801.68 crore compared to Rs 513.11 crore in FY21.

The shareholding pattern of the company consists of 70.15 per cent promoter, 6.31 per cent FIIs, 9.12 per cent DIIs and 14.42 per cent public ownership. In 1 month, the stock is up 10.51 per cent while in 6 months, the stock is up 24.81 per cent respectively. Investors should keep an eye on this stock.

Although, the company reported weak quarterly and annual results, the share of the company spurt in volume by more than 2.15 times.

The shares of Chennai Petroleum Corporation Ltd (CPCL) soared 20 per cent on Tuesday.