Khaitan (India) Limited jumps 20% and hits the upper circuit
The company’s shares have delivered a remarkable return of around 375% to their shareholders in the past three years.
Khaitan (India) Limited, an India-based company, specialises in supplying fans in both economy and premium ranges under the original equipment manufacturer (OEM) brand. Today, the company experienced a significant surge in its share price.
At the start of the day’s trading session, the stock opened at Rs 88.80 per share, higher than the previous day’s closing figure of Rs 79.58 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 95.49 per share on the BSE. The stock has reached the upper circuit price limit of 20%, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.
The company’s current market capitalisation stands at Rs 45.36 crore, and the stock has generated a return of 91% in the past year and an impressive return of 375% in the past three years.
Stock Price Chart (Weekly):
Trading and Delivery Volumes (Daily):
Business Overview:
Khaitan (India) Limited, an India-based company, specializes in supplying fans in both economy and premium ranges under the original equipment manufacturer (OEM) brand. Their product portfolio comprises electric ceiling, table, wall, pedestal, exhaust, and all-purpose fans, along with industrial air circulators, air coolers, domestic and agricultural pumps, lights, water heaters, and electric FHP motors. The company operates across three segments: agriculture, sugar, and electrical goods.
Financial Performance:
During the December quarter, the company reported revenues of Rs 13.72 crore, compared to the revenue of Rs 14.76 crore in the same quarter last year. The company’s operating profit stood at Rs 0.68 crore, resulting in an operating profit margin of 4.96%, compared to an operating profit of Rs 0.32 crore. Moreover, the company reported a net loss of Rs 0.43 crore, compared to a net profit of Rs 0.75 crore.
The company’s ROCE is at 7.52% while the company’s share is trading at a PE of 145 times in the market.
Disclaimer: This post 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.