Ashish Kacholia’s portfolio multibagger stock with 7,440 per cent returns and FIIs & DIIs increase stake; Board announces bonus shares – Do you own it?

The stock gave multibagger returns of 165 per cent in 1 year, 725 per cent in 3 years and a whopping 7,440 per cent in a decade.

Safari Industries Ltd is a leading manufacturer of luggage bags and luggage accessories. There are two broad categories of luggage i.e., hard luggage and soft luggage.

The Board of Directors of the company have approved bonus shares in the proportion of 1:1 i.e., 1 new fully paid-up equity share of Rs 2 each for every 1 existing fully paid-up equity share of Rs 2 each as of record date. The company fixed the record date as Tuesday, 12th December 2023.

The company had earlier announced an interim dividend of Rs 2.50 per share, applicable to shares with a face value of Rs 2 each. This dividend was paid out on November 10, 2023

Today, shares of the company plunged 0.94 per cent to Rs 4,373.75 per share from its previous close of Rs 4,415.05. The stock traded at an intraday high of Rs 4,510 and an intraday low of Rs 1,576.45. The shares of the company saw a spurt in volume by more than 2.45 times on BSE.

The company has a market cap of over Rs 10,000 crore with a 3-year stock price CAGR of 103 per cent. As of September 2023, an ace investor, Ashish Kacholia owns 5,00,000 shares or 2.1 per cent stake in the company. The net sales increased by 17.8 per cent to Rs 370 crore net profit increased by 53.8 per cent to Rs 40 crore in Q2FY24 over Q2FY23. In FY23, net sales increased by 72 per cent to Rs 1,212 crore net profit increased by 468.2 per cent to Rs 125 crore compared to FY22.

The shares of the company have an ROE of 34.4 per cent and an ROCE of 37.5 per cent. The stock gave multibagger returns of 165 per cent in 1 year, 725 per cent in 3 years and a whopping 7,440 per cent in a decade. As of September 2023, FIIs increased their stake to 12.95 per cent from 12.30 per cent while DIIs increased their stake to 17.51 per cent from 17 per cent. Investors should keep an eye on this Small-Cap stock.

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