Dolly Khanna increases stake in this multibagger stock which gains over 130 per cent; reports impressive quarterly results!

Shares of the company gained about 45 per cent in the last six months.

Control Print Limited develops, manufactures, and sells printing machines, spare parts, and consumables. The company has manufacturing facilities in Nalagarh and Guwahati. Dolly Khanna, a well-known investor, bought a 1.04 per cent stake in the company in December 2021. She has since increased her stake to 1.21 per cent. Her investment has already grown by 130 per cent.

In the recent quarter Q2FY24, the company generated revenue of Rs 86.43 crore, reflecting a growth of 20.8 per cent compared to the previous year. The operating profit for Q2FY24 stood at Rs 21.65 crore, marking a significant increase of 15.58 per cent on a YoY basis.

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The company's net profit after tax (PAT) saw a significant jump, reaching Rs 14.12 crore, with a growth of 23.5 per cent on a YoY basis. The company is the only ‘Make in India’ company & is in the top four players in India commanding nearly 19 per cent market share.

The company's stock has given returns of 45 per cent in the last 6 months and 100 per cent so far this year. The stock is trading at a price-to-earnings ratio of 23.9x. The company has a return on capital employed (ROCE) of 23 per cent and a return on equity (ROE) of 19.1 per cent. Its market capitalization is Rs 1,383 crore.

Overall, Control Print Limited is a well-performing company with strong financials. Investors should keep an eye on this stock.