Stocks of Jindal Poly Investment and Finance traded in the red today and closed at Rs 558.10, slipping around 2 percent as compared to the previous closing price of Rs 568.40. During the year-to-date (YTD) period, the scrip has gained around 22 percent ranging from Rs 462.60 to the current price levels.
Keeping a purview of 3 years, the company has been successful in delivering multibagger returns of 6,394 percent to its stakeholders. It means that if someone would have invested Rs 1 Lakh in the stock, it would have converted to Rs 64.94 Lakhs within a period of 3 years.
Jindal Poly Investment and Finance Company Limited is a company based in India that is engaged in the business of investments. The company mainly focuses on making long-term strategic investments in a number of new ventures promoted by the Group.
Digging into the quarterly financials of the company, the revenues have been increasing with the most recent movement being from Rs 747 crores in Q2 to Rs 826 crores in Q3. Moreover, the net profits of the company, during the same time horizon, rose from Rs 54 crores to Rs 104 crores.
A look at the past financial years leads us to observe that the company has been successful in having a turnaround in FY21-22 with positive numbers for profits which were reported at Rs 1,443 crores.
Likewise, the profitability metrics have turned around in FY21-22 with the return on equity (ROE) reported at 127.88 percent and the return on capital employed (ROCE) at 65.96 percent. Moreover, the Net Profit margins of the company, during the same period, were also reported at 77 percent.
As per the latest shareholding data available for the March 2023 quarter, Promoters of the company hold a 74.63 percent stake, and Foreign Institutional Investors hold a 0.02 percent stake in the company.
Written by Amit Madnani
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