Dark Horse Stock of the Day: This Aerospace and Defence Stock Rallied and Hit Upper Circuit Today, Stock Gains Over 120 per cent in Just 1 Month!
The shares of the company have delivered a return of over 400 per cent to its shareholders in just 1 year only.
Krishna Defence and Allied Industries develops, manufactures, and designs Defence Application Products, as well as kitchen and dairy equipment. The company operates two manufacturing plants located in Gujarat, specifically in Kalol and Halol districts near Vadodara. On Friday the company experienced a significant surge in its share price.
Today, the share of Krishna Defence and Allied Industries opened at Rs 963 per share, compared to yesterday’s closing figure of Rs 927.67 per share on the NSE. Currently, the shares are at Rs 974 per share on the NSE. The stock has reached the upper circuit price limit of 5 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 Krishna Defence and Allied Industries stands at Rs 1334.87 crore, and the stock has generated an impressive multibagger return of around 413 per cent in just 1 year only.
Financial Performance
As per the Quarterly Results, in the fourth quarter of FY24, Krishna Defence and Allied Industries recorded a revenue of Rs 71 crore. The operating profit for Q4 FY24 stood at Rs 11 crore, resulting in an operating profit margin of 15 per cent. The net profit for Q4 FY24 was Rs 7 crore. Looking at the annual performance, the company generated a revenue of Rs 106 crore in FY24, compared to Rs 63 crore in FY23. The operating profit for FY24 was Rs 15 crore, with a net profit of Rs 10 crore.
Regarding the shareholding pattern, the promoters own 62.27 per cent of the company and the public or retail investors hold 37.73 per cent. Ace Investor Ashish Kacholia holds a 2.99 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.
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