Will Ashish Kacholia Invest in This Small-Cap Multibagger? Company Schedules Exclusive One-on-One Meetings with Goldman Sachs and Lucky Investment Managers

Will Ashish Kacholia Back This Small-Cap Star? One-on-One Meetings with Goldman Sachs and Lucky Investment Managers

Indian benchmark indices kicked off the week on a strong note, with the Nifty50 reclaiming the 25,000 mark and the Sensex nearing 81,800. The Bank Nifty also gained close to 300 points, reflecting a bullish market sentiment. Amidst this upbeat scenario, one Small-Cap stock that's catching attention is Praveg Ltd.

Shares of Praveg Ltd. surged over 1.5 per cent on Monday, ahead of a crucial meeting with prominent investors and analysts scheduled for August 28. The company will be holding a one-on-one meeting with investors and analysts such as Lucky Investment Managers Private Limited, headed by Ashish Kacholia, Goldman Sachs Funds, SBI General Insurance Company, and Kotak Mahindra Life Insurance Company. Notably, Goldman Sachs Funds already holds 5,44,498 shares of the company, while Tata Mutual Fund has a stake of 5,82,756 shares. Moreover, Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) have increased their holdings in the company from 6.52 per cent to a record 9.02 per cent.

Praveg Ltd. is a pioneer in eco-responsible luxury hospitality, offering premium experiences in culturally significant and naturally beautiful locations. The company’s luxury tents, which allow access to areas where traditional construction isn’t possible, have high occupancy rates and strong pre-sales at luxury hotel prices, ensuring a high return on capital. Praveg is also a significant player in the events sector, recently expanding into weddings and banquet hotels.

In Q1 FY25, Praveg Ltd. reported a consolidated total income of Rs 24.68 crores, showcasing an impressive 98.34 per cent year-on-year growth. The EBITDA for the quarter stood at Rs 7.62 crores, with an EBITDA margin of 30.88 per cent. Despite increased finance costs due to lease compliance under Ind-AS 116, the company achieved a PAT of Rs 0.76 crore, representing a PAT margin of 3.09 per cent. The hospitality segment, which contributed Rs 21.42 crores to the company’s revenue, has been the primary growth driver. However, the rapid expansion has also led to higher depreciation, manpower, and operating costs, impacting the bottom line.

The stock has enjoyed a remarkable performance, appreciating by 79.5 per cent in the past year and delivering an extraordinary multibagger return of 665.78 per cent over the last three years. As Praveg Ltd. prepares for its pivotal investor meeting on August 28, market participants are eagerly watching to see if ace investor Ashish Kacholia will choose to invest in the company following his one-on-one meeting. The outcome of this meeting could significantly influence the stock’s future trajectory.

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