Kapston Services Rallies 10% and Hits Upper Circuit
The shares of Kapston Services have delivered a return of over 100% to its shareholders over the past one year.
Incorporated in 2009, Kapston Services Ltd provides facility management and staffing services. 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 290 per share, compared to the previous day’s closing figure of Rs 275.55 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 303.10 per share on the NSE. The stock has reached the upper circuit price limit of 10%, 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 capitalization stands at Rs 307 crore, and the stock has generated an impressive return of around 109% in the past year.
Stock Price Chart (Daily)
Trading and Delivery Volumes (Daily)
Financial Performance
In FY24, Kapston Services Limited reported sales of Rs 520 crore rupees, reflecting a notable increase from the Rs 399 crore rupees reported in March 2023, marking a year-on-year sales growth of 30.40%. The company’s operating profit grew from Rs 14 crore in March 2023 to Rs 23 crore. This resulted in an increase in the operating profit margin from 3% to 4% over the same period. Similarly, the net profit showed a positive trend, rising from Rs 5 crore in March 2023 to Rs 13 crore.
Business Overview
Kapston Services Limited is an India-based company primarily engaged in providing staffing, private security services, and facilities management services across the country. It operates through the facility management & staffing services segment. The company is a provider of various manpower solutions, including general staffing, security services, integrated facilities management services, and information technology (IT) staffing services as per clients’ requirements. It offers comprehensive housekeeping services for office spaces, residential apartments, public areas, malls, and more. Its soft services include housekeeping, pest control, facade cleaning, landscape, and gardening. Its pest control services encompass termite control, mosquito control, rat control, flies’ control, roach control, and others. It serves various segments, including IT/information technology-enabled services, manufacturing, pharma, e-commerce and logistics, hospitality, and others.
Investors must keep this stock on their radar.
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.