Following the announcement of the RP-Sanjiv Goenka Group (RPSG)’s five-year growth plans by Chairman Sanjiv Goenka, RPSG Group companies—primarily PCBL and CESC—have seen their overall market capitalisation increase by more than Rs. 16,000 crores in just one month.
Sanjiv Goenka’s current net worth is $4.6 billion. Meanwhile, the combined market cap of RPSG Group stands at over Rs. 82,000 crores.
Goenka expects the market capitalisation to reach Rs. 2 lakh crore within 30 months, while the group’s capex is projected to be around Rs. 35,000 crores over the next 12 to 18 months, and Rs. 50,000 crores over the following three years.
Here are a few leading RPSG Group companies that have experienced significant share price gains over the past month, making substantial contributions to the group’s overall performance:
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PCBL Limited
Of the Rs. 16,224 crore increase in market cap achieved by the group companies, PCBL has accounted for more than 40 percent, contributing nearly Rs. 7,000 crores.
With a market cap of Rs. 18,214.5 crores, the shares of the largest producer of carbon black in India surged 0.7 percent on BSE to Rs. 485.2 on Friday. Over the past year, the stock has delivered nearly 183 percent of multibagger returns and has risen over 44 percent in the last month alone.
Goenka earlier highlighted that PCBL plans to expand its specialty blacks segment, aiming for profit growth of at least 5x over the next five years, expects its profit to reach between Rs. 2,400 crores and Rs. 2,500 crores, up from the current Rs. 490 crore, and expects margins to rise to 17-18 percent from 16 percent.
PCBL Limited, formerly Philips Carbon Black Limited, is primarily engaged in the business of manufacturing & selling carbon black, and the sale of power.
CESC Limited
CESC has also made a notable impact on the market capitalisation increase, with its value rising by over Rs. 5,000 crore since the Chairman’s growth plan guidance.
With a market cap of Rs. 26,478.3 crores, the shares of an integrated power utility surged 2.1 percent on BSE to Rs. 202.5 on Friday. Over the past year, the stock has delivered nearly 138 percent of multibagger returns and has risen over 15 percent in the last month alone.
The management of the company has indicated that cash flows are expected to improve for its distribution companies (DISCOMs), and has also reported strong demand in the Noida and Kolkata distribution circles.
CESC Limited is an integrated power utility engaged in the generation and distribution of electricity and also has a portfolio of independent power generation projects and distribution ventures in other parts of India.
Firstsource Solutions Limited
Firstsource is another company that has contributed nearly Rs. 3,000 crore to the group’s market capitalisation.
With a market cap of Rs. 21,673 crores, the shares of a leading global provider of Business Process Services (BPS) surged 1.8 percent on BSE to Rs. 314.35 on Friday. Over the past year, the stock has delivered nearly 93.3 percent of positive returns and has risen over 14 percent in the last month alone.
The company has played a significant role in the overall market cap increase, with its value growing by nearly Rs. 3,000 crore since the Chairman’s growth plan guidance.
Sanjiv Goenka had previously noted that Firstsource’s profits are expected to increase 2.5 times over the next three years, driven by a shift towards high-margin businesses and reduced costs. Additionally, Firstsource is aiming to secure three deal wins per quarter.
The management is optimistic about achieving its long-term growth goal of reaching a $1 billion revenue run rate business by Q4 FY26, while also focusing on expanding profit margins.
Established in 2001, Firstsource Solutions Limited is engaged in the business of providing customer management services like contact centre, transaction processing and debt collection services including revenue cycle management in the healthcare industry.
RPSG Ventures Limited
With a market cap of Rs. 3,999 crores, the stock surged nearly 1.8 percent on BSE to Rs. 1,236.2 on Friday. Over the past year, the stock has delivered nearly 87 percent of positive returns and has risen over 50 percent in the last month alone.
The company has significantly contributed to the market capitalisation increase, with its value rising by over Rs. 1,400 crores since the Chairman’s announcement of the growth plan.
RPSG Ventures Limited operates & manages a diversified portfolio of businesses including information technology (IT) services, business process management (BPM), fast moving consumer goods (FMCG) like ayurvedic formulations, real estate, sports and restaurants.
Spencers Retail Limited
With a market cap of Rs. 925.2 crores, the stock surged by nearly 2.2 percent on BSE to Rs. 105 on Friday. Over the past year, the stock has delivered nearly 65.3 percent of positive returns and has risen over 23 percent in the last month alone.
The company has played one of the key roles in the market capitalisation increase of the group, with its value rising by over Rs. 260 crores, since the Chairman’s announcement of the group’s growth plan.
Spencer’s Retail Limited is a multi-format retailer providing a wide range of quality products across categories such as FMCG, fashion, food, staples, general merchandise, personal care, home essentials, electrical and electronics.
Written by Shivani Singh
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