Dolly Khanna-backed multibagger sugar stock at Rs 54.52 hit upper circuit & 52-week high as company reports a 76.4 per cent jump in PAT
The stock gave multibagger returns of over 125 per cent from its 52-week low of Rs 24.15 per share.
Today, one of the Top Gainers on BSE, shares of K.C.P. Sugar and Industries Corporation Ltd was locked in 20 per cent upper circuit to Rs 54.52 per share from its previous closing of Rs 45.44. The stock also made a fresh new 52-week high of Rs 54.52 while its 52-week low is Rs 24.15. The shares of the company saw a spurt in volume by more than 25.67 times on BSE.
K.C.P. Sugar and Industries Corporation Ltd is engaged in the manufacturing of sugar as well as its associated products such as rectified spirit, extra neutral alcohol, ethanol, incidental cogeneration of power etc. The company has a market cap of over Rs 600 crore and has delivered good profit growth of 30 per cent CAGR over the last 5 years.
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According to the Quarterly Results:
- Revenue from Operations decreased by 7.50 per cent from Rs 95.84 crore in Q1FY24 to Rs 88.67 crore in Q1FY25.
- EBITDA increased by 65.3 per cent from Rs 38.46 crore in Q1FY24 to Rs 63.55 crore in Q1FY25.
- PAT increased by 76.4 per cent from Rs 30.68 crore in Q1FY24 to Rs 54.12 crore in Q1FY25.
As of March 2024, an ace investor, Dolly Khanna owns a 1.42 per cent stake in the company. The shares of the company have a PE of 7.4x whereas the industry PE is 16x with an ROE of 15 per cent. The stock gave multibagger returns of over 125 per cent from its 52-week low of Rs 24.15 per share. Investors should keep an eye on this sugar stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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