Fresh Entry: Wife of ace investor Madhusudan Kela along with Mahi Kela enters this small-cap stock!
The stock gave multibagger returns of over 100 per cent in just 1 year and a whopping 1,200 per cent in 5 years.
On Friday, shares of this Small-Cap company with a market cap of over Rs 1,100 crore, ended the day in green, up 1.92 per cent to Rs 225.80 per share with an intraday high of Rs 231.50 and an intraday low of Rs 218.20 from its previous closing of Rs 221.55. The stock’s 52-week high is Rs 239.90 and its 52-week low is Rs 87.95.
The stock name is KRITI INDUSTRIES (INDIA) LTD.
Kriti Industries (India) Ltd is a prominent manufacturer of high-quality piping products and solutions established in 1983. The company operates across 33 extrusion lines for PVC pipes, 14 for HDPE and drip irrigation, and 27 injection moulding machines to produce a diverse range of products including accessories, gas pipes, telecom ducts, submersible pipes, and casing pipes. These products serve critical applications in potable water supply, irrigation, building construction, and infrastructure sectors. Distributed under the Kasta brand through a network of over 400 dealers across 16 Indian states, Kriti Industries offers a comprehensive product portfolio catering to agriculture, micro-irrigation, building products and industrial solutions.
Madhuri Madhusudan Kela, wife of renowned investor Madhusudan Kela, has made a significant investment in Kriti Industries (India) along with another family member, Mahi Madhusudan Kela. The duo acquired a substantial 99,238 shares of the small-cap company through a preferential allotment, as disclosed in exchange filings. While Madhuri Kela's relationship with the well-known investor is clear, the identity and connection of Mahi Kela remain undisclosed.
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According to Quarterly Results, net sales decreased by 8 per cent to Rs 257.16 crore and net profit increased by 76 per cent to Rs 13.76 crore in Q1FY25 compared to Q1FY24. In its annual results, net sales increased by 18.3 per cent to Rs 866.63 crore in FY24 compared to net sales of Rs 732.47 crore in FY23. The company reported a net profit of Rs 21.86 crore in FY24 compared to a net loss of Rs 22.79 crore in FY23, an increase of 196 per cent.
The stock gave multibagger returns of over 100 per cent in just 1 year and a whopping 1,200 per cent in 5 years. Investors should keep this stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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