Ashish Kacholia-Backed Company Likely to Announce Stock Split on August 7; Stock Surged Over 900 per cent in 5 Years!

Ace Investor Ashish Kacholia owns a 4 per cent stake in the company.

Agarwal Industrial Corporation Ltd is primarily engaged in manufacturing and trading petrochemicals, including bitumen and bituminous products. The company is also involved in the logistics of bitumen and liquefied petroleum gas, as well as energy generation through windmills.

The Board of Directors meeting will be held on Wednesday, August 7, 2024, to consider and approve, among other matters, the following business:

1. Un-Audited Financial Statements (Standalone and Consolidated) of the Company for the Quarter Ended June 30, 2024.
2. Approval of the subdivision of shares or share split and alteration of the Memorandum of Association (MOA) and Articles of Association (AOA).
3. Other agenda items.

Today shares of Agarwal Industrial Corporation Ltd closed at around Rs 1180.50 per share. The company’s current market capitalization stands at Rs 1765.09 crore.

As per the Quarterly Results, in Q4 FY24, Agarwal Industrial Corporation Ltd recorded a revenue of Rs 776 crore. The operating profit for Q4 FY24 stood at Rs 60 crore. The net profit for Q4 FY24 was Rs 38 crore. Looking at the annual performance, the company generated a revenue of Rs 2125 crore in FY24. The operating profit for FY24 was Rs 173 crore with a net profit of Rs 109 crore.

According to the shareholding pattern, promoters own 57.20 per cent of the company, while public investors hold 36.35 per cent. Foreign Institutional Investors (FIIs) own 5.97 per cent, and Domestic Institutional Investors (DIIs) have a 0.48 per cent stake in the company. Ace Investor Ashish Kacholia owns a 4 per cent stake in the company.

Investors must keep this Small-Cap stock on their radar.

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