Net profit of this multibagger company zooms more than 4 times!

The stock has witnessed heavy buying as it has given multibagger returns of more than 108 per cent in just 1 year

On Friday, shares of Shri Keshav Cements and Infra surged more than 6 per cent to make an intraday high of Rs 129.70. The scrip witnessed some profit booking and closed 2.86 per cent up at Rs 125.80.   

For 9M FY 23, 2022, the total revenue of the company rose more than 17 per cent from 9M FY 22 to Rs 92.94 crore. The EBITDA level stood at Rs 28.72 crore, showcasing a rise of 9.08 per cent on YoY basis. The net profitability of the firm shot up by more than 347 per cent from 9M FY 22 to Rs 29 crore.   

Good demand for cement and price hike taken during the quarter enabled them to report more than 20 per cent growth in revenues. Their capacity expansion on existing land by balancing processes and modernising equipment will help them report better revenues and improvement in profit in coming period. Revenue from solar capacity was almost doubled during nine months of current financial year.  

Incorporated in the year 1993 Shri Keshav Cement & Infra Limited (KCIL) is engaged in the manufacturing of cement and solar power generation and distribution in the state of Karnataka, India. The business segments are divided into two verticals 1) manufacturing of cement 2) generation of electricity using solar power.   

The stock has witnessed heavy buying as it has given multibagger returns of more than 108 per cent in just 1 year. Keep a close eye on this trending multibagger stock.