Ms. Dolly Khanna, a Chennai-based investor, is known for lesser-known picks starting her stock market journey in 1996. Her portfolio typically includes traditional stocks associated with textile, chemical, manufacturing, sugar, etc. As per the latest portfolio data available, she publicly holds 16 stocks with a net worth of over Rs 450 crores.
Listed below is one micro-cap stock under the ‘textile’ industry in which Ms. Dolly Khanna made approximately Rs 60 lakhs till now in January 2024:
Deepak Spinners Limited
With a market capitalization of Rs 215.18 crores, the stocks of Deepak Spinners Limited opened their trading hour on Monday at Rs 309.90 and currently trade at Rs 299.30, slipping approximately 2.40 percent as compared to the previous closing levels of Rs 306.75 apiece.
The company’s stock has had a great start to the year by hiking more than 15 percent, i.e., from Rs 255 per share to the current stock price level.
Ms. Dolly Khanna, one of the well-known ace investors based in India, has invested in the shares of Deepak Spinners Limited. She took an entry into the company’s stock in June 2021 and currently, as per the quarter ended December 2023, she holds 1.32 lakh equity shares of the company.
Seeing the trajectory of the stocks of Deepak Spinners Limited, the ace investor earned around Rs 60 lakhs, considering the most recent quantity of shares held.
Having a glance at the standalone financials, the company, during the recent quarters, reported an increase in operating revenues from Rs 113 crores during Q1FY23-24 to Rs 133 crores during Q2FY23-24. Moreover, the net profit numbers of the company stayed uniform at levels of Rs 2 crores.
The debt-to-equity ratio of the company, one of the most tracked leverage ratios, showed favourable movements by reducing from 0.24 times during FY21-22 to 0.21 times during FY22-23.
Due to annual cost pressure, the profitability ratios of the company, viz, the return on equity (RoE) as well as the return on capital employed (RoCE), went down with the former slipping from 19.94 percent during FY21-22 to 17.01 percent during FY22-23, and the latter, during the same period, moving down from 25.69 percent to 22.38 percent.
Founded in 1982, Deepak Spinners Limited is a company based in India that is involved in the business of manufacturing and distributing synthetic and blended yarn. The product portfolio of the company includes acrylic, viscose, polyester acrylic blends, and many others.
Written by Amit Madnani
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