Dolly Khanna is an ace investor in the Indian stock market, known for her successful portfolio and strategic investments in various sectors. Her portfolio is managed by her husband Rajiv Khanna. Dolly Khanna’s portfolio typically leans towards more traditional stocks in manufacturing, textile, chemicals and sugar stocks.
As per the latest corporate shareholdings filed, Dolly Khanna publicly holds 20 stocks with a net worth of over Rs. 609.6 crores.
Listed below is one such smallcap stock in which Dolly Khanna bought fresh stake during Q2FY25:
Pondy Oxides & Chemicals Ltd
With a market capitalization of Rs. 2,571 crores, the shares of the recycling and manufacturing company started Friday’s trading session on a lower note at Rs. 1,990 compared to its previous close of Rs. 2,008.60.
During the trading session, the shares hit a high of Rs. 2,040.20, gaining around 2 percent and are currently trading at Rs. 2,011 apiece.
Looking at the company’s financial performance, the revenue increased by 23 percent from Rs. 363 crores during the March quarter to Rs. 445 crores in the June quarter. On the other hand, the net profits jumped by 8 percent from Rs. 12 crores to Rs. 13 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue zoomed by 40 percent from Rs. 325 crores during Q1FY24 to Rs. 445 crores in Q1FY25. In addition, the net profits magnified by 225 percent from Rs. 4 crores to Rs. 13 crores during the same period.
According to the BSE data, Ace Investor Mrs Dolly Khanna initiated a position in the stock in March 2022 and fully divested from it in March 2024. However, in August 2024, she re-entered the stock by acquiring approximately 1.70 lakh shares.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 8.92 percent and a return on capital employed (RoCE) of 16.91 percent for the period spanning FY23-24. Further, the net profit margin during FY23-24 was 2.06 percent.
POCL produced 72,531 metric tons (MT) of lead metal and alloys, up from 69,914 MT in the previous year, reflecting a marginal increase. The overall manufacturing capacity for lead across all units is 132,000 MT per annum.
The company reported an annual production of 1,852 MT of aluminium and aluminium alloys, a substantial increase from just 284 MT in the previous year.
This indicates a strong recovery and growth trajectory in this segment and the overall capacity for aluminium production is set at 14,750 MT per annum. Further, the company is actively seeking opportunities to enhance production capabilities in this area despite market challenges,
Moreover, POCL’s strategic initiatives include ongoing capacity expansions and a commitment to sustainability through advanced manufacturing practices. The company is currently expanding its lead production capacity to 204,000 MT per annum at its Thervoykandigai facility, which is expected to be operational by Q4 2025.
The global lead acid battery market is expected to grow at a CAGR of 6 percent to 7 percent, with India positioned as a key player due to its burgeoning automotive sector and recycling capabilities. This growth is anticipated to bolster POCL’s market position significantly.
Moreover, Pondy Oxides & Chemicals Limited (POCL) has established “TARGET 2030,” a strategic initiative aimed at significant growth and sustainability over the next decade.
This plan includes expanding its lead production capacity from 132,000 metric tons to 204,000 metric tons per annum, diversifying into lithium-ion battery production, and achieving a revenue CAGR of over 20 percent along with profitability growth of more than 20 percent.
Pondy Oxides & Chemicals Ltd (POCL) is India’s largest secondary Lead manufacturer and a pioneer in Lead Alloys, producing high-quality recycled lead and lead alloys from scrap materials, as well as recycled aluminium, copper, and plastic products.
Written By Vaibhav Patil
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