The share price of this chemical firm gained by 9.3 percent to an Intraday high of Rs 1,449.95 per share on Monday after the company commissions a new manufacturing plant in Gujrat.
With a market capitalization of Rs 5,935.65 crores, the shares of Epigral Ltd went up by 9.3 percent, trading at Rs 1,422.20 apiece on Monday’s morning session. Also, today’s high price of the stock is Rs 1,449.95 apiece and the previous closing price of the stock is Rs 1,325.45 apiece.
What happened: According to Epigral Ltd’s stock exchange filings, the company has successfully commissioned 35,000 TPA (Tonnes Per Annum) capacity of a manufacturing plant at its Dahej facility, Gujarat. The plant has been established for the production of a chemical compound named Chlorinated Polyvinyl Chloride (CPVC).
Financials: Reviewing the financials of Epigral Ltd on a year-on-year basis, the revenues declined by 11.8 percent from Rs 2,188 crores in FY23 to Rs 1,929 crores in FY24. In the same time frame, the net profits decreased from Rs 353 crores to Rs 196 crores demonstrating a 44.7 percent decrease.
Ratios: In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 15.6 percent and a return on capital employed (ROCE ) of 18 percent. It has also reported a debt-to-equity ratio of 0.72 times, for the same period.
For more financial highlights of Epigral Ltd, The EBITDA tumbled by 30 percent from Rs 689 crores in FY23 to Rs 481 crores in FY24. Additionally, the EBITDA margin stood at 25 percent for FY24.
In FY24, Epigral derived 55 percent revenue from Chlor-Alkali chemicals and 45 percent from Derivatives & Specialty Chemicals. Derivatives & Specialty Chemicals saw an increase from 30 percent in FY23 to 45 percent in FY24, while Chlor-Alkali’s revenue share decreased from 70 percent to 55 percent during the same period.
Also, In FY24, Epigral spent Rs 405 crores on capital expenditures, down 2.6 percent from Rs 416 crores in FY23. The expected capital expenditure for FY2025E is Rs 300 crores.
Share price movement: The shares of this company generated an overall return of 36.38 percent over the past year and 44.25 percent over the past 6 months.
Shareholding pattern: As of March 2024, the firm’s shareholding pattern stood at 71.49 percent for promoters, 27.13 percent for the public, 1.36 percent for foreign institutional investors, and 0.02 percent for domestic institutional investors.
About the company: Incorporated in 2007, is a leading integrated manufacturer of chemicals in India. The Company is also engaged in the Trading of Agrochemical products. The company has a product portfolio of manufacturing chemicals such as Chloralkalis, Chloromethanes, Hydrogen Peroxide, etc.
Written By Zahal.
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