Vijay Kedia’s and Akash Bhanshali’s portfolio low PE high ROE stock; Company reports a 2,352 per cent jump in net profit!

The shares of the company have a PE of 11.58 and an ROE of 36.79 per cent.

On Monday, the benchmark indices ended the trading in green, up 0.92 per cent at a level of 64,959. About 2422 shares have advanced, 1381 have declined and 161 were unchanged on BSE.

The buzzing stock with a low PE and high ROE is Sudarshan Chemical Industries Ltd.

Sudarshan Chemical Industries manufactures and sells a wide range of organic and inorganic pigments, effect pigments. The group also manufactures pollution control equipment, size reduction equipment and grinding equipments for industrial applications.

According to the Quarterly Results, the net sales increased by 14 per cent to Rs 600.68 crore and the net profit skyrocket by 294 per cent to Rs 17.86 crore in Q2FY24 compared to Q2FY23. According to the half-yearly results, the net sales increased by 12 per cent to Rs 1,208.79 crore and the net profit increased by 2,352 per cent to Rs 284.82 crore in H1FY24 compared to H1FY23.

As of September quarter, two ace investors, Vijay Kedia owns 10,00,000 shares or 1.44 per cent stake and Akash Bhanshali owns 36,05,577 shares or 5.21 per cent stake.

Today, shares of the company plunged 2.49 per cent to Rs 475.60 per share with an intraday high of Rs 491.40 and an intraday low of Rs 471.05. The stock’s 52-week high is Rs 565.9 and its 52-week low is Rs 345.

The company has a market cap of Rs 3,292 and has been maintaining a healthy dividend payout of 26.4 per cent. The shares of the company have a PE of 11.58 and an ROE of 36.79 per cent. The stock gave multibagger returns of over 1,000 per cent in a decade. Investors should keep an eye on this Small-Cap stock.

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