Ashish Kacholia, Mukul Agrawal, and Rekha Jhunjhunwala-Backed Smallcap Company Won SME Champion award, Stock Hits 52-Week High Today!
The company’s shares have gained more than 85 per cent in the last 1 year.
Raghav Productivity Enhancers Ltd specializes in the production of quartz-based ramming mass, quartz powder, and tundish boards, marketed under the brand name "Raghav." The company’s key clients include R.L. Steel, Mahalakshmi TMT, and Varsana SPA, who receive products such as ramming mass, silica ramming mixes, and quartz. It serves both domestic and international markets, with a presence in 26 countries beyond India. The company operates a manufacturing facility in Nevai, Rajasthan, which boasts a total production capacity of 180,000 MT per annum.
At the start of the day's trading session, the stock opened at Rs 925.20 per share, compared to the previous day's closing figure of Rs 925.20 per share on the BSE. Finally, the shares closed at Rs 980.45 per share. The stock has hit a 52-week high, reflecting strong demand in the market. The company's current market capitalization stands at Rs 2241.90 crore, and the stock has generated an impressive multibagger return of over 1460 per cent in the past 5 years.
Recently, Raghav Productivity Enhancers Ltd, the world’s largest manufacturer of silica ramming mass, has won the ‘SME Champion’ award for “Entrepreneur of the Year (Medium Enterprise).” The ceremony took place on July 26, 2024, in Delhi, where Mr. Sanjay Kabra, Chairman of Raghav Productivity Enhancers Limited, accepted the award from Union Minister Nitin Gadkari.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
The company announced its Q1 FY25 recently, as per the Quarterly Results, in Q1 FY25, Raghav Productivity Enhancers Ltd recorded a revenue of Rs 44.84 crore representing a gain of around 49 per cent compared to Rs 30.08 crore in Q1 FY24. The operating profit for Q1 FY25 stood at Rs 12.31 crore compared to Rs 8.38 crore representing an operating profit margin of 24.45 per cent. The net profit for Q1 FY25 was Rs 8.29 crore compared to Rs 5.74 crore representing a gain of over 44 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 133 crore in FY24. The operating profit for FY24 was Rs 40 crore with a net profit of Rs 26 crore.
According to the shareholding pattern of Raghav Productivity Enhancers Ltd, promoters own a 62.92 per cent stake, while public investors hold 37.04 per cent. Three renowned investors hold stakes in the company: Rekha Jhunjhunwala with approximately 4.98 per cent, Ashish Kacholia with around 2.02 per cent, and Mukul Agrawal with about 1.55 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.