Shares of this Real Estate stock under the ‘small-cap’ category have proven to deliver multibagger returns of over 3,000 percent return in a period of just one year.
With a market capitalization of Rs 1,383.30 crores, the shares of Kesar India Limited closed at Rs 3,918.25 on Friday, hitting its 5 percent upper circuit as compared to the previous close of Rs 3,731.70 apiece. The company’s stock reached its 52-week high level on Friday itself, i.e., 1st March 2024, at the circuit price mentioned above.
According to the data available from the Bombay Stock Exchange (BSE), the company’s stock has given multibagger returns of approximately 3,000 percent over a period of just one year ranging from Rs 126 in March 2023 to the current stock price levels.
The same means that if someone had invested Rs 10,000 into the stock a year ago, it would have converted to around Rs 3.10 lakhs.
Coming onto the latest financial reports, the company, on a standalone basis, has faced a dip in operating revenues as well as net profits on a QoQ basis.
The operating revenues decreased from Rs 21 crores during Q2FY24 to Rs 18 crores during Q3FY24, and, the net profits, in congruence, reduced from Rs 6 crores to Rs 5 crores keeping the time horizon the same.
In addition, the profitability ratios such as the return on equity (RoE) were reported at 4.08 percent during FY22-23, and the return on capital employed (RoCE), during the same period, was reported at 5.01 percent.
According to the latest shareholding data available, the company’s Promoters hold a 74.98 percent stake, and the Foreign Institutional Investors (FIIs), recently showing interest in the company, hold a 15.7 percent stake in the company.
Incorporated in 2002, Kesar India Limited is engaged in the business of real estate development and construction of residential as well as commercial projects, factory buildings, industrial buildings, workshop buildings, etc.
Written by Amit Madnani
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