The share of the leading manufacturer Pvc based products rose 10 percent on Thursday’s early trade after the company inaugurated its new manufacturing facility in Gujarat.
At 10:55 a.m., Kaka Industries Ltd shares were trading at Rs 186.60 apiece, up 3.09 percent from the previous close price and the company has a market capitalization of Rs 252 crore.
According to the Kaka Industries exchange filing, The company Inaugurated its cutting-edge manufacturing facility in Gujarat, marking Phase 1 of the ambitious expansion initiative, with an impressive initial production capacity of around 13,000 metric tonnes per year for polymer compounding. Through this expansion, the company introduced a new range of goods such as PVC Roofing, Cladding and Decking, and Laminated and Hot Stamping PVC Ceiling.
In addition to its exceptional production capability. The plant has a total Land Area of 7,00,000 Sq Ft and a total Constructed Area of 3,60,000 Sq Ft.
Kaka Industries’ shares have increased by 61 percent from their original listing price of Rs 115 to their present level.
The company posted revenue of Rs 158 crores and a net profit of Rs 7 crores in the fiscal year FY 22-23.
According to the latest shareholding pattern, the promoters of the company hold a 69.78 percent stake, while domestic institutional investors hold 3.75 percent and foreign institutional investors hold a 4.28 percent stake.
Kaka Industries Limited is a leading player in the polymer business, The company makes polymer-based profiles for use in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets, and other interior and exterior works. The product line of the firm includes around 1200 Stock Keeping Units (SKUs).
Written by Omkar Chitnis
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