Ashish Kacholia Bought 1,98,937 Shares of this Multibagger Hydraulic Equipment Manufacturing Company: Heavy Buying, Hits Upper Circuit Today!

The shares of the company have delivered a return of over 450 per cent to its shareholders.

Ashish Kacholia, a renowned stock market investor known as the ‘Big Whale of Dalal Street’, via Bengal Finance and Investments Pvt Ltd purchased equity shares of one multibagger Small-Cap company on Wednesday, according to a stock exchange filing.

Yuken India was established in June 1976 with technical and financial collaboration from Yuken Kogyo Company Limited, Japan. It manufactures a wide range of hydraulic equipment, including vane pumps, piston pumps, pressure controls, etc. The company exports its products to more than 15 countries.

Bengal Finance & Investment Private Limited (Ashish Kacholia) purchased 1,98,937 shares at an average price of Rs 1,050 per share on Wednesday.

At the start of the day's trading session, the stock opened at Rs 1225.90 per share, compared to the previous day's closing figure of Rs 1177.45 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 1295.15 per share on the BSE. The stock has reached the upper circuit price limit of 10 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 Yuken India stands at Rs 1683.70 crore, and the stock has generated an impressive multibagger return of around 115 per cent in just 1 year only. 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, the company recorded a revenue of Rs 119.23 crore, marking an 18 per cent year-on-year growth from Rs 101.03 crore in Q4 FY23. The operating profit for Q4 FY24 stood at Rs 15.19 crore, compared to Rs 7.25 crore in the same quarter of the previous fiscal year. The net profit for Q4 FY24 was Rs 7.93 crore, compared to Rs 0.69 crore. Looking at the annual performance, the company generated a revenue of Rs 423 crore in FY24, compared to Rs 372 crore in FY23. The operating profit for FY24 was Rs 45 crore, with a net profit of Rs 19 crore.

Regarding the shareholding pattern, the promoters own 56.16 per cent of the company, while FIIs and DIIs collectively hold 0.03 per cent and 0.51 per cent, respectively. Public or retail investors hold the remaining 43.31 per cent.

Investors must keep this small-cap multibagger stock on their radar.

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