Shares of a small-cap company in ace investor Dolly Khanna’s portfolio gained 5.7 percent on Monday’s intraday trades to clock a fresh 52-week high of ₹ 749.00 apiece on the National stock exchange (NSE). At 12:34 PM, its shares were trading at 737.00, up 4.10 percent.
According to Control Print’s shareholding pattern for the quarter that ended on June 30, 2023, Dolly Khanna holds 1,91,207 shares or a 1.17 percent stake in the company. She held 1,70,207 shares or a 1.04 percent stake in the previous quarter.
Dolly Khanna is a seasoned investor in the Indian stock market and is known for her lesser-known picks that tend to outperform the market.
According to data available on the exchanges, the company’s board on August 02, 2023, had approved the proposal to buy back its equity shares and the record date of August 18, 2023, is fast approaching. The company will be buying back a maximum of 3,37,500 shares of ₹ 10 each at a price of ₹ 800.00. This indicates a premium of 8.55 percent compared to the company’s current share price.
Control Print develops, researches, manufactures, and markets printing machines, spare parts, consumables (fluids) and associated services. The company’s manufacturing facilities for printers and consumables are located in Nalagarh (Himachal Pradesh) and Guwahati (Assam) respectively. In the past year, its share price increased by 53.00 percent.
With a market capitalization of ₹ 1,156 crores, Control Print is a small-cap company. It has an ideal return on equity of 19.19 percent and an ideal debt-to-equity ratio of 0.02. Its shares were trading at a price-to-earnings ratio (P/E) of 20.87, which is lower than the industry P/E of 23.66, indicating that the stock might be undervalued as compared to its peers.
As per the company’s shareholding pattern, its promoters hold a 51.78 percent stake in it, followed by retail investors with 40.38 percent, foreign institutions with 5.25 percent and mutual funds with 2.59 percent.
Written by Simran Bafna
