The shares of the chemical manufacturing company gained up to 18 percent after Narmada Gelatines Limited acquired 10 lakh equity shares in the company.
With a market capitalization of Rs 295.86 crore, the shares of India Gelatine & Chemicals Ltd were trading at Rs 417.15 per share, increasing around 10 percent as compared to the previous closing price of Rs 379.85 apiece.
Reason for Rise:-
The shares of the company have seen positive movement after Narmada Gelatines acquired 10 lakh equity shares, which is equivalent to a 14.1 percent stake in the company at an average price of Rs 408.86 per share.
Moreover, Olive Speciality Services LLP, a promotor of the company sold 10 lakh equity shares which represents a 14.1 percent stake in the company at an average price of Rs 408.88 per share. However, as of September 2024, Olive Speciality Services Llp holds 17,08,099 equity shares, equivalent to 24.08 percent in the company.
Financial Performance:-
Looking forward to the company’s financial performance, revenue dipped by 14 percent from Rs 48.73 crore in Q2FY24 to Rs 42.71 crore in Q2Y25. During the same period, net profit decreased by 44 percent, from Rs 5.52 crore to Rs 3.09 crore.
Ratio analysis:-
The company’s critical ratios show that the return on equity increased from 17.52 percent in FY22-23 to 18.42 percent in FY23-24, while the return on capital employed increased from 21.00 percent to 22.82 percent. The net profit margin (NPM) for fiscal year 23-24 is 13.79 percent.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoters of the company own 61.43 percent while Retail shareholders own a 38.54 percent stake in the company and domestic Institutional Investors own a 0.01 percent stake.
Footprints:-
The company exports its products to the United States of America, the European Union, Japan, Korea, Middle Eastern countries, and Indonesia, amongst others.
Company Profile:-
India Gelatine & Chemicals Limited operates in the field of specialty chemicals. The Company is engaged in the business of manufacturing Ossein, Di-Calcium Phosphate (DCP), and Gelatine. The Company has a wide market in the local as well as export markets. The Company sells its products through an established network.
Written by:- Abhishek Singh
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