The shares of this company surged over 2 percent on Thursday after the company announced that one of its promoters had sold and another acquired a similar amount of shares. In this article, we will go into the details.
With a market capitalisation of Rs 3,222 crores, the shares of Bombay Dyeing & Manufacturing Company Ltd are currently trading at Rs 156 per share, down by 39 percent from its 52-week high of Rs 256.25 per share. Over the past five years, the stock has delivered a return of 130 percent.
On Thursday, the company reported in a stock exchange filing, The Bombay Bumrah Trading Corp Ltd., a promoter entity, decreased its stake by 2.71 percent, selling 56 lakh shares. Its holding decreased from 17.04 percent to 14.33 percent. At the same time, Baymanco Investments Ltd, another promoter, increased its stake by 2.71 percent, buying the same number of shares. The stake increased from 26 percent to 28.71 percent.
Financial Highlights
The company reported a revenue of Rs 1,605 crores in FY25, down by 5 percent from its FY24 revenue of Rs 1,688 crores. Additionally, it reported a net profit decline of 83 percent to Rs 490 crores in FY25 from Rs 2,949 crores in FY24.
The stock delivered a poor ROE and ROCE of 1.86 percent and 3.22 percent respectively, and is currently trading at a P/E of 81.81x as compared to its industry average of 24.26x.
Bombay Dyeing and Manufacturing Company Limited produces and sells polyester staple fiber in India, and operates in three segments: Real Estate, Polyester, and Retail/Textiles. The company manufactures textile-grade PET chips, and it sells textile products. In real estate, the company develops residential, commercial, and mixed-use properties. Bombay Dyeing also exports its products to markets in Europe, the Americas, the Middle East, Africa, and Asia.
Written by Satyajeet Mukherjee
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