Dheeraj Kumar Lohia’s portfolio debt-free penny stock under Rs 55 hit upper circuit after company reports 192 per cent YoY growth in H1FY25 net profit

The stock is up by 72 per cent from its 52-week low of Rs 29.99 per share and gave multibagger returns of 1,100 per cent in a decade.

On Wednesday, shares of Fiberweb (India) Ltd hit 10 per cent upper circuit to Rs 51.54 per share from its previous closing of Rs 46.86 per share. The stock’s 52-week high is Rs 66.24 and its 52-week low is Rs 29.99 per share. The shares of the company saw a spurt in volume by more than 8.40 times on BSE.

Fiberweb (India) Ltd. (NSE: FIBERWEB BSE: 507910) established in 1985, though it started as a plastics company it ventured into garbage and carrier bags, and gradually ventured into spun bond nonwoven fabrics, first of its kind in India. Since commissioning of its plant in 1996, it is a 100 per cent EOU, exporting to countries like USA, UK, Europe, UAE, South Africa & Australia. The company has in-house facility for manufacturing stitched garments like medical & Industrial gowns and overhauls, crop cover, aprons, car covers and other made ups as per client’s specifications. It has also set-up a new product line of Melt-Blown Nonwoven fabrics used in filtration and absorption in the market. The company has become long term debt-free and is exploring new opportunities & product segments for growth, it also has plans for expansions in their field of technical textiles. It is ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 & known as a quality producer in the International Market.

According to Quarterly Results, the net sales increased by 22.18 per cent to Rs 25.65 crore, EBITDA increased by 105.63 per cent to Rs 5.24 crore and net profit increased by 178.87 per cent to Rs 3.54 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 0.43 per cent to Rs 51.21 crore, EBITDA increased by 105.89 per cent to Rs 10.20 crore and net profit increased by 192.37 per cent to Rs 6.44 crore in H1FY25 compared to H1FY24. In FY24, the company has reported net sales of Rs 86.89 crore, EBITDA of Rs 12.37 crore and PAT of Rs 7.27 crore.

The company has a market cap of Rs 148.4 crore and its 2.86 per cent stake is owned by an re-owned investor - Dheeraj Kumar Lohia as of September 2024. The stock is up by 72 per cent from its 52-week low of Rs 29.99 per share and gave multibagger returns of 1,100 per cent in a decade. Investors should keep an eye on this micro-cap textile stock.

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