Ashish Dhawan earns Rs 1,88,57,30,000 from this mid-cap stock in one year!
Ace investor Ashish Dhawan with a holding of 31,00,000 shares of this stock in his portfolio gained Rs 1,88,57,30,000 within one year.
In an astonishing feat, ace investor Ashish Dhawan has reaped remarkable profits from his investment in the Mid-Cap stock AGI Greenpac Ltd. Within a span of just one year, Dhawan's investment has yielded an astounding Rs 1,88,57,30,000.
AGI Greenpac Ltd, previously known as HSIL Limited in 2009, and more previously known as Hindustan Twyfords Ltd. when it was established in 1960 by the Somany family (promoter group), has undergone a transformative journey. In 1972, it diversified its operations into the manufacturing of glass bottles and containers through the acquisition of Associated Glass Industries Ltd.
Over the years, the company underwent several name changes, ultimately becoming known as 'AGI Greenpac Ltd’. AGI Greenpac Ltd is primarily engaged in the manufacturing, sale, and trading of building products and packaging products. Notably, it recently demerged its consumer products and retail business, creating a new entity named Somany Home Innovations Limited (NSE: SHIL).
AGI Greenpac specializes in the production of various packaging products, including glass containers, specialty glass, polyethylene terephthalate (PET) bottles and products, as well as security caps and closures. The company operates seven state-of-the-art manufacturing units located across Telangana, Uttarakhand, and Karnataka. Additionally, it initiated trial production at its specialty glass manufacturing facility in Bhongir, with an investment of approximately Rs 270 crore. This facility boasts a manufacturing capacity of 154 tonnes per day, spread across five manufacturing lines and covering 15 acres.
AGI Greenpac has established a strong client base, with over 500 diversified institutional clients across various industries, including renowned names like Abbott, Coca Cola, Glenmark, Bacardi, Carlsberg, Nestle, HUL, and more.
As of the latest available data, the company boasts a market capitalization of Rs 5,972 crore, with an impressive 3-year stock price Compound Annual Growth Rate (CAGR) of 125 percent. In the fiscal year 2023, AGI Greenpac reported net sales of Rs 2,281 crores and a net profit of Rs 262 crores.
On Thursday, the stock closed at a price of Rs 923.55, with a stock Price-to-Earnings (P/E) ratio of 24.2. Notably, the stock price on September 29, 2022, stood at Rs 315.25. During just one year, this multibagger stock surged by Rs 608.30, marking a remarkable gain of 192.96 percent. Ace investor Ashish Dhawan with a holding of 31,00,000 shares of this stock in his portfolio gained Rs 1,88,57,30,000 within one year.
This incredible performance underscores the multibagger potential of AGI Greenpac, and for Ashish Dhawan, it has truly turned out to be a phenomenal investment journey.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.