Mukul Agrawal bought 1,18,578 shares & Minal Patel bought 65,748 shares of this multibagger chemicals stock; scrip trades at low PE and high ROE!

Mukul Agrawal holds more than 50 stocks in his portfolio with a portfolio worth approx. Rs 4.600 crore.

The Indian stock market was trading in red for the second straight day with BSE Sensex Index down 0.20 per cent at 71,410 and NSE Nifty-50 Index down 0.24 per cent at 21,520. On January 17, 2023, in a record-breaking move, Foreign Institutional Investors (FIIs) dumped a staggering Rs 10,000 crore worth of shares in the open market, marking one of the most significant single-day sell-offs by FIIs.

Though the market was in red, one multibagger gem from the chemical sector was shining. The stock name is TRANSPEK INDUSTRY LTD.

Incorporated in 1965, Transpek Industry Limited is into the manufacturing and export of a range of chemicals servicing the requirements of customers from a diverse range of industries including textiles, pharmaceuticals, agrochemicals, advanced polymers, etc.

Today, shares of Transpek Industry Ltd gained 2.12 per cent to Rs 2,152 per share with an intraday high of Rs 2,171 and an intraday low of Rs 2,055. The stock is up by 40 per cent in 1 year and gave multibagger returns of over 2,100 per cent in a decade.

In the recent quarter (Q3) for the fiscal year 2024, two ace investors, Mukul Agrawal & Minal Bharat Patel took a fresh entry in the above stock. Mukul Agrawal bought 1,18,578 shares or 2.12 per cent stake in the company. Mukul Agrawal holds more than 50 stocks in his portfolio with a portfolio worth approx. Rs 4.600 crore.

In the same quarter, Minal Bharat Patel acquired 65,748 shares, representing a 1.18% stake. Minal re-entered the stock market with a portfolio comprising 15 stocks, valued at approximately Rs 430 crore.

Financials of Transpek Industry Limited.

The company has a market cap of over Rs 1,200 crore and has been maintaining a healthy dividend payout of 18.5 per cent. The shares of the company have a PE of 17.85x whereas the industry PE is 34.06x with an ROE of 16 per cent and an ROCE of 20 per cent. In its Quarterly Results (Q3FY24) and annual results (FY23), the company reported positive numbers.  

While strategically diversifying with new Acid Chlorides in the pipeline, the Company is actively developing more products, set to fuel further growth once launched. Intensified customer outreach and expansion into continents like Eurasia and South America pave the way for increased business volumes, all guided by an unwavering commitment to sustainability and customer satisfaction - this potent mix drives both immediate and long-term strategic growth.

Do you own shares of TRANSPEK INDUSTRY LTD in your portfolio? Do let us know in the comments below

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

Tiny Treasure