4:1 Bonus Share & 10:1 Stock Split: Heavy Buying Hits Back-to-Back Upper Circuit Stock - Keep on Radar for Monday!
The shares of the company have delivered a return of over 1460 per cent to its shareholders in the past 2 years.
Incorporated in 1942, Kaycee Industries manufactures industrial electrical switches, mechanical counters, and electrical components. The company is a subsidiary of Salzer Electronics Ltd and is an electrical product manufacturer and solutions provider to various industries and sectors, including the power sector, panel builders, machine tool manufacturers, telecom, renewables, etc. On Friday the company experienced a significant surge in its share price.
At the start of Friday's trading session, the share of Kaycee Industries opened at Rs 56011 per share, compared to the previous day's closing figure of Rs 54912.80 per share on the BSE. Finally, the share closed at Rs 56011.05 per share on the BSE. The stock has reached the upper circuit price limit of 2 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalization of Kaycee Industries stands at Rs 355.50 crore, and the stock has generated an impressive multibagger return of over 230 per cent in the past 6 months only.
Financial Performance
As per the Quarterly Results, in the fourth quarter of FY24, Kaycee Industries recorded a revenue of Rs 13.47 crore. The operating profit for Q4 FY24 stood at Rs 2.17 crore. The net profit for Q4 FY24 was Rs 1.57 crore. Looking at the annual performance, the company generated a revenue of Rs 48.81 crore in FY24, compared to Rs 41.50 crore in FY23. The operating profit for FY24 was Rs 6.78 crore, with a net profit of Rs 4.49 crore.
Regarding the shareholding pattern, the promoters own 73.51 per cent of the company and the public or retail investors hold 26.38 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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