One of the essential checkpoints to analyze any given stock is the Promoter’s stakeholding in the company as it portrays the ‘skin in the game’ aspect of the operations of the company.
Listed below are 3 fundamentally strong stocks under the ‘Mid-cap’ category which have a Promoter holding of more than 70 percent:
KPR Mill Limited
The shares of KPR Mill Limited are currently trading at Rs 650, slipping around 0.70 percent as compared to the previous closing levels of Rs 654.60. The company has a market capitalization of Rs 22,224 crores.
Digging into the financials of the company, the operating revenues have increased from Rs 4,822 crores during FY21-22 to Rs 6,185 crores in FY22-23. Due to increased cost pressures, the net profits took a marginal hit reducing from Rs 841 crores to Rs 814 crores.
During the same period, the debt-to-equity ratio of the company reduced from 0.37 times to 0.36 times.
According to the shareholding data available for the June 2023 quarter, the Promoters hold a 74.78 percent stake and the same has been observed to remain constant during the last few quarters.
Kansai Nerolac Paints Limited
The shares of Kansai Nerolac Paints Limited are currently trading at Rs 314.60, slipping around 0.30 percent as compared to the previous closing levels of Rs 315.40. The company has a market capitalization of Rs 25,431 crores.
Having a glance at the financials of the company, the operating revenues have increased from Rs 6,369 crores during FY21-22 to Rs 7,542 crores in FY22-23. Moreover, the net profits took a shift from Rs 343 crores to Rs 468 crores. The company consistently reports a debt-to-equity close to nil.
According to the shareholding data available for the June 2023 quarter, the Promoters hold a 74.99 percent stake and the same has been observed to remain constant during the last few quarters.
Sumitomo Chemical India Limited
The shares of Sumitomo Chemical India Limited are currently trading at Rs 410.65, a flat movement as compared to the previous closing levels of Rs 410.85. The company has a market capitalization of Rs 20,497 crores.
Having a walkthrough of the financials reported by the company, the operating revenues have increased from Rs 3,064 crores during FY21-22 to Rs 3,510 crores in FY22-23. Moreover, the net profits moved up from Rs 423 crores to Rs 502 crores. The company reports a debt-to-equity ratio of nil.
According to the shareholding data available for the June 2023 quarter, the Promoters hold a 75 percent stake and the same has been observed to remain constant during the last few quarters.
Written by Amit Madnani
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