Ashish Kacholia’s portfolio multibagger stock; Board likely to announce stock split!
The stock has lost 21 per cent of its value in the past year, after giving investors multibagger returns of over 200 per cent in the past 3 years.
Shaily Engineering Plastics Ltd informed that a meeting of the Board of Directors of the Company is scheduled to be held on Saturday, September 02, 2023, interalia:
To consider a proposal for sub-division/ stock split of the equity shares of the company in such manner as may be determined by the Board of Directors.
Shaily Engineering Plastics Ltd is engaged in the manufacture and sale of injection moulded precision plastic components and sub-assemblies for various requirements of original equipment manufacturers (OEM).
It also offers secondary operations in plastics like vacuum metalizing, hot stamping, and ultrasonic welding. Its manufacturing facilities are at Savli and Halol, Vadodara, Gujarat.
The company has a market cap of over Rs 1,400 crore with a 3-year stock price CAGR of 33 per cent. The net sales increased by 17.2 per cent to Rs 157 crore, the operating profit increased by 8 per cent to Rs 27 crore and the net profit increased by 33.3 per cent to Rs 13 crore in Q1FY23 compared to Q4FY23.
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As of June 2023, the promoters of the company hold 43.81 per cent of the shares, followed by FIIs (7.12 per cent), DIIs (13.84 per cent), and the public (35.23 per cent). Ace investor Ashish Kacholia holds the maximum stake in the public shareholding, with 5.55 per cent of the shares.
The stock has lost 21 per cent of its value in the past year, after giving investors multibagger returns of over 200 per cent in the past 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.