The inventory gave multibagger returns of 550 per cent in simply 2 years and a whopping 2,230 per cent in 5 years.
On Friday, shares of Captain Pipes Ltd gained 0.93 per cent to Rs 18.40 per share from its earlier closing of Rs 18.23. The inventory’s 52-week excessive is Rs 32.44 and its 52-week low is Rs 14.10.
The corporate has participated within the Agritech Africa 2024 exhibition in Nairobi, Kenya. The exhibition offers a chance to broaden our present community within the East African area by showcasing our intensive vary of merchandise for agriculture akin to uPVC column pipes together with precision micro-irrigation options from group firm Captain Polyplast Restricted.
Captain Pipes Restricted, a number one producer of PVC pipes and fittings since 2010, presents a variety of agricultural and plumbing options beneath the management of a extremely skilled crew. Their dedication to high quality, innovation, and buyer satisfaction has positioned them as a distinguished model with a strong distribution community throughout India and worldwide markets.
Earlier, the corporate introduced a major enlargement with a brand new greenfield plant close to Ahmedabad. This Rs 25 crore funding will double the corporate’s complete manufacturing capability to twenty,000 MT. Building is already underway and industrial manufacturing is anticipated to start earlier than the top of 2024. The corporate has secured the land for the plant and can finance the challenge by way of a mixture of inner funds and financial institution loans. This new plant signifies the corporate’s dedication to development and strengthening its market place whereas remaining centered on operational effectivity and capitalizing on future alternatives to ship worth to stakeholders.
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The corporate’s monetary statements present a combined efficiency with a decline in income however sturdy development in profitability. Income from operations decreased 4.5 per cent from Q4FY23 (Rs 2,123 lakh) to This fall FY24 (Rs 2,026 lakh) and fell 10.7 per cent yearly (FY23: Rs 8,550 lakh vs. FY24: Rs 7,635 lakh). Nevertheless, EBITDA painted a brighter image, rising 19.1 per cent in This fall (Rs 173 lakh to Rs 206 lakh) and surging 93 per cent year-over-year (FY23: Rs 398 lakh vs. FY24: Rs 768 lakh). This translated to a major enlargement in EBITDA margin, rising by 203 foundation factors to 10.18 per cent in This fall and by 541 foundation factors to 10.06 per cent for the complete 12 months. Profitability adopted swimsuit, with revenue earlier than tax (PBT) rising 9.3 per cent in This fall (Rs 131 lakh to Rs 143 lakh) and a dramatic 123 per cent annual soar (FY23: Rs 247 lakh vs. FY24: Rs 550 lakh). Revenue after tax (PAT) noticed a slight decline in This fall (down 4.2 per cent from Rs 94 lakh to Rs 90 lakh) however nonetheless managed a considerable 121 per cent annual enhance (FY23: Rs 179 lakh vs. FY24: Rs 398 lakh). This implies the corporate is changing into extra environment friendly and worthwhile regardless of preliminary income challenges.
The corporate has a market cap of Rs 271 crore. The shares of the corporate ex-traded bonus shares within the ratio of two:1 and inventory cut up from a face worth of Rs 10 to a face worth of Rs 1 on March 03, 2023. The promoters of the corporate purchased 82,50,000 shares and elevated their stake to 73.78 per cent in March 2024 in comparison with 72.23 per cent in March 2023. The inventory gave multibagger returns of 550 per cent in simply 2 years and a whopping 2,230 per cent in 5 years. Buyers ought to regulate this micro-cap inventory.
Disclaimer: The article is for informational functions solely and never funding recommendation.
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