Ashish Kacholia's Portfolio: This small-cap stock is a hidden gem with solid results and a game-changing dividend!
The stock gave multibagger returns of over 445 per cent in just 2 years, whereas BSE Small-cap Index is just up by 35 per cent
On Tuesday, shares of Gravita India zoomed 2.52 per cent to an intraday high of Rs 520.50 per share. At 03:30 pm, shares of the company ended the trading session in the green, up 1.33 per cent to Rs 514.45 per share.
Today, Gravita India, a leading recycling company in India, today announced its audited financial results for the quarter/year ended 31st March 2023. Details are below:
Key Financial Highlights Q4 FY23- Consolidated:
- Revenue from Operations of Rs 749 crore, QoQ growth of 12 per cent.
- EBITDA of Rs 85 crore, QoQ growth of 17 per cent.
- EBITDA margin stood at 11.35 per cent growth of 39 Bps.
- PAT of Rs 64 crore, QoQ growth of 54 per cent.
- PAT Margin Stood at 8.54 per cent growth of 239 Bps.
Key Financial Highlights FY23- Consolidated:
- Revenue from Operations of Rs 2,801 crore, YoY growth of 26 per cent.
- EBITDA of Rs 286 crore, YoY growth of 33 per cent.
- EBITDA margin stood at 10.21 per cent growth of 51 Bps.
- PAT of Rs 201 crore, YoY growth of 44 per cent.
- PAT margin stood at 7.18 per cent growth of 90 Bps.
- Approved a final dividend of Rs 4.35 per equity share having a face value of Rs 2.
Gravita India Ltd is one of the largest lead producers in India. The company has also reduced its debt in the current financial year. As of March 2023, Ashish Kacholia, an ace investor owns a 2.15 per cent stake in the company.
The stock gave multibagger returns of over 445 per cent in just 2 years, whereas BSE Small-Cap Index is just up by 35 per cent. The stock has an ROE of 41.20 per cent and a ROCE of 31.10 per cent.
Investors should keep an eye on this stock.