The Microcap stock specializing in manufacturing plastic piping and irrigation products jumped upto 12 percent following the bulk deal for Rs. 2.63 crores involving its promoter group Apollo Pipes.
Price action
With a market capitalization of Rs. 597.32 crores on Thursday, the shares of Kisan Mouldings Limited jumped upto 11.8 percent making a high of Rs. 51.50 per share compared to its previous closing price of Rs. 46.03 per share.
What Happened
Kisan Mouldings Limited, a company engaged in manufacturing plastic piping and irrigation products, recently experienced a bulk deal, in which its promoter group Apollo Pipes purchased 6 lakh shares at Rs 43.86 apiece on February 12, resulting in a total value of around Rs. 2.63 Crores.
Along with this, the promoter group Apollo Pipes has also earlier purchased 6 lakh shares at Rs 43.03 apiece on February 11, as of December 2024 Apollo Pipes Ltd holds a stake of 53.57 percent which consists of 6.40 crore shares in the company, followed by the above deal it now holds 6.52 crore equity shares.
About the company
Kisan Mouldings Limited is an Indian company primarily engaged in manufacturing plastic products, including pipes, fittings, and other related items. They specialize in producing PVC, HDPE, and other plastic products used in agriculture, construction, and industrial applications and aim to provide durable and cost-effective products to meet customer needs across different sectors.
Key Insights
The company has a low debt-to-equity ratio of 0.11 and the company’s Promoter shareholding is more than 65 percent, their top shareholders include Apollo Pipes Limited with 53.57 percent, Sanjeev Singhal with 8.37 percent and Sanjay Singhal with 5.02 percent.
Financials
The company’s total revenue rose by 2.85 per cent from Rs. 68.5 crore to Rs. 70.45 crore in Q3FY24-25. Meanwhile, Net profit rose from a loss of Rs 16.62 crore to a profit of Rs. 0.39 crore during the same period.
Written by Sridhar J
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