Radhakishan Shivkishan Damani is an Indian billionaire investor publicly holding a sum of 14 stocks with a net worth of over Rs. 1.74 lakh crores. Listed below is one stock in RK Damani’s portfolio that is trading at a discount of more than 35 percent from 52-week high:
Aptech Limited
With a market capitalization of Rs 1,496.63 crores, the stocks of Aptech Limited started their trading session on Wednesday at Rs 253.90 and currently trades at Rs 258.10, gaining around 1.70 percent as compared to the previous closing levels of Rs 253.90 apiece.
The company’s stock hit its 52-week high in May 2023 at a price of Rs 422.58. Comparing the same with the current price levels, the company’s stock portrays a discount of around 40 percent.
Coming onto the numbers reported during the recent financial years, the company increased its revenues as well as net profits with the former rising from Rs 226 crores during FY21-22 to Rs 456 crores during FY22-23, and, the latter, during the same time horizon, moved up from Rs 49 crores to Rs 67 crores.
In addition, the company reported an increase in its basic profitability ratios such as return on equity (RoE) as well as return on capital employed (RoCE). The former shifted up from 23.56 percent during FY21-22 to 26.40 percent during FY2-23, and, the latter, keeping the timeframe the same, increased from 20.53 percent to 31.12 percent.
Over the past three financial years, the company has reported a ‘nil’ debt-to-equity ratio. Due to increased cost pressure, the company faced a hit on its margins with the net profit margin dipping from 21.86 percent during FY21-22 to 14.81 percent during FY22-23.
Mr. Radhakishan Damani, in the name of his brother Mr. Gopikishan Shivkishan Damani, holds a stake in Aptech Limited and is one of the Promoter Group members of the company. As per the September 2023 quarter, he holds 17.57 lakh shares equating to a 3.03 percent stake in the company.
The latest shareholding pattern data, as per the quarter ended September 2023, portrays the company’s Promoters holding a 47.37 percent stake and the Foreign Institutional Investors (FIIs) holding a 5.32 percent stake in the company.
Founded in 1986, Aptech Limited is a learning solutions company operating through two segments, viz, Institutional and Retail. The company provides various career courses in animation, gaming, VFX, augmented and virtual reality, and other fast-track courses.
Written by Amit Madnani
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