Ace investor Ashish Kacholia’s portfolio stock hits 52-week high; gains over 60% in six months

Agarwal Industrial Corporation Limited shares surged 4.92% to hit a fresh 52-week high of Rs 1,098.20 on the BSE today. Today, the stock opened at Rs 1029.55, with a high and low of Rs 1098.55 and Rs 1012.35 respectively. The stock ended the trading session at Rs 1070.00, up by 4.92%.

Agarwal Industrial Corporation Limited is primarily engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), logistics of bitumen and liquefied Petroleum Gas and energy generation through Wind Mills.

In addition to manufacturing and trading bituminous products, Agarwal Industrial Corporation provides its customers with an integrated transportation solution. The company also transports LPG cylinders, generates power through windmills, and charters ships.

Ace investor Ashish Kacholia owns a 3.93% stake in the company. Ashish Kacholia has increased stake his stake from 2.49% in September 2022 to 3.93 in June 2023.

In the recent quarter Q1FY24, the company generated revenue of Rs 628.76 crore, reflecting a growth of 8.26% compared to the previous year. The operating profit for Q1FY24 stood at Rs 42.11 crore, marking a significant increase of 16.99% on a YoY basis. The company’s net profit after tax (PAT) saw a significant jump, reaching Rs 27.57 crore, with a growth of 17.52% on a YoY basis.

The stock is trading at a PE of 16.7x. The company has a ROCE of 23.6% and an ROE of 26.2% with a market capitalisation of Rs 1,601 crore.

In the last 6 months, the shares of the company have given more than 65% returns, and on a YTD basis, the stock has given about 80% returns.

The stock has shown impressive growth and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.