The chemical and metal manufacturer’s shares hit a 2 percent upper price band after reporting a remarkable 100 percent year-on-year increase in net profits. The stock has delivered over 234 percent returns in the past year.
Share Price Variation
In Friday’s trading session, the share price of POCL Enterprises Ltd. hit the 2 percent upper circuit limit, reaching Rs.611.7 per share from its previous close of Rs.599.75 apiece.
Results
With a market capitalization of Rs.341 crores, POCL Enterprises Ltd. reported consolidated revenue of Rs.363.69 crores for the quarter ending June 2024, marking an 18 percent increase from Rs.307.66 crores in the same quarter last year and a 67 percent rise from Rs.217.52 crores in Q4 FY24.
The company saw a remarkable 100 percent year-over-year increase in Profit After Tax (PAT), reaching Rs.6.28 crores in Q1 FY25, up from Rs.3.15 crores in the June 2023 quarter. However, on a quarter-on-quarter basis, the PAT declined from Rs.7.13 crores in Q4 FY24.
Financially, POCL Enterprises Ltd. has demonstrated impressive growth, with Earnings Per Share (EPS) at 31.81 and EBITDA up by 81 percent year-on-year.
Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 21.64 percent and 26.03 percent, respectively.
Also read
Stock Split & Dividend
POCL Enterprises has announced a sub-division of its equity shares in the ratio of 5:1. The existing one equity share with a face value of Rs.10 will be subdivided into five equity shares with a face value of Rs.2 each.
Therefore, an investor holding 1 equity share will receive 5 equity shares after the split, with the value of their investment remaining unchanged. The stock split is expected to be completed in approximately four months.
The Board of Directors has set August 30, 2024, as the Record Date to determine the entitlement of members for the payment of dividends. This is contingent on the dividend being declared by the Members at the 36th Annual General Meeting of the company for the financial year ended March 31, 2024.
Segment Revenue Composition
The company primarily earns 65 percent of its revenue from the Metal segment. The Metal Oxides segment accounts for 30 percent, while the Plastic Additives segment contributes 4.7 percent. The remaining 0.3 percent comes from other segments.
Geographic sales composition
POCL Enterprises Limited has a diverse geographic composition, with 79 percent of its revenue coming from domestic markets and 21 percent from international sources. The company operates manufacturing facilities in Puducherry and Tamil Nadu, allowing it to effectively meet various industrial needs.
Shareholding Pattern
As per the shareholding pattern of June 2024, the Promoters hold a 41.58 percent stake in POCL Enterprises Ltd., while Retail Investors hold the majority stake of 58.42 percent.
Company Profile
POCL Enterprises Limited is an India-based company specializing in the manufacture of inorganic chemicals and base metals. The company produces lead, zinc, and tin products and alloys.
Written by – Siddesh S Raskar
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.
