The shares of the leading manufacturer of PVC profiles locked around a 2 percent upper circuit on Wednesday’s early trade after ace investor Ashish Kacholia bought a stake in the company.
At 11:15 p.m., Dhabriya Ltd shares touched around 2 percent upper circuit of Rs 286.50 apiece on the Exchange, and the company has a market capitalization of Rs 304 crores.
According to the exchange data, Ashish Rameshchandra Kacholia had bought 5.46 lakh shares, representing 5.04 percent of the company. However, promoter Digvijay Dhabriya sold 7 lakh shares, or 6.47 percent of the company, at the same average price.
Further, Finavenue Growth Fund purchased 55,000 shares in Dhabriya Polywood, while Prateek Jain purchased 85,000 shares and Gaurav Jain purchased 60,000 shares. Dhabriya Polywood shares were bought by all four investors at an average price of Rs 280.9 per share.
The Ace investor Mukul Agrawal holds 11,33,488 shares in the firm as of the June 2024 quarter, equivalent to 10.47 percent.
The company’s profitability ratios have marginally improved, with return on equity growing from 8.44 percent to 12.32 percent and return on capital employed rising from 12.56 percent to 15.40 percent.
The company’s stock has earned returns of 148 percent in six months and 144 percent over a year. A shareholder’s investment of Rs. 1 lakh in the business would be worth Rs. 2.44 lakhs after a year and Rs. 2.48 lakhs after a half-year.
Dhabriya Polywood Ltd operational revenue has increased by 39 percent year on year, from Rs 36 crore in Q1FY23 to Rs 50 crore in Q1FY24. During the same period, net profit climbed by 370 percent, from Rs 0.65 crore to Rs 3.10 crore.
Dhabriya Polywood Limited manufactures PVC and UPVC-based products for a variety of building interior and exterior applications.
Written by Omkar Chitnis
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