In Tuesday’s trading session, the shares of a company engaged in the business of printing of books slumped 3.4 percent to hit an intraday low at Rs. 615 on BSE, after the ace investor Ashish Kacholia offloaded a 1.22 percent stake in the company.
With a market capitalisation of Rs. 910.4 crores, at 01:47 p.m., the shares of Repro India Limited were trading in the red at Rs. 632.8, down by 0.6 percent, as against its previous closing price of Rs. 636.75.
What’s the News:
As per the bulk deal data available with the stock exchanges, the ace investor Ashish Rameshchandra Kacholia sold a total of 1.75 lakh equity shares in Repro India, representing a 1.22 percent stake, at an average price of Rs. 625 bringing the total deal value to nearly Rs. 10.93 crores.
As of the June 2024 shareholding pattern with the BSE, the renowned investor Ashish Kacholia held a 2.41 percent stake in the company.
On the buyer’s side, JVS Joyrass Holdings purchased 1 lakh equity shares in the company, amounting to about Rs. 6.25 crores, at the same average price of Rs. 625 per share.
Also read
Financials:
The company has reported a fall in revenue from operations, with a 6.02 percent YoY decline from Rs. 119.5 crores in Q1 FY24 to Rs. 112.3 crores in Q1 FY25.
Similarly, the net profit decreased by 95.7 percent YoY from Rs. 3.08 crores to Rs. 0.14 crores, during the same period.
In the last 3 years, the revenue from the company’s digital business has grown at over 35 percent CAGR and revenue share has increased to nearly 70 percent from around 45 percent, hence reducing the impact of cyclicality in revenues seen historically due to Long-run print vertical.
The company is the largest POD (Print-on-demand) player in India with a capacity of 50,000 books per day.
Shareholding Pattern:
As per the June 2024 shareholding pattern, the Promoters hold a 46.87 percent stake in the company, Foreign Institutional Investors (FII) hold a 10 percent stake, while Retail Investors hold a 43.13 percent stake in Repro India.
As of June 2024, the ace investor Vijay Kishanlal Kedia also owns nearly 9.06 lakh equity shares, representing a 6.34 percent stake, in the company.
Stock Performance:
The shares of Repro India delivered negative returns of nearly 23.5 percent in one year as well as around 28.4 percent returns year-to-date.
About the company:
Repro India Limited provides print solutions to clients, mainly including value engineering, creative designing, pre-press, printing, post-press, knitting and assembly, warehousing, dispatch, database management, sourcing & procurement, localization, and web-based services.
Written by Shivani Singh
Also read
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
