Shares of this Real Estate witnessed a jump of around 8 percent today. As per the company’s latest holdings, Mr. Mukul Agrawal, one of the well-known investors, increased his stake in the company.
With a market capitalization of Rs 1,600 crores, the stocks of Capacite Infraprojects Limited traded in the green today closing at Rs 223.35. The scrip is nearing its 52-week high levels recorded at Rs 233.90 apiece.
Year-to-date, the stock has provided healthy returns of 40 percent ranging from Rs 158.50 at the start of January 2023 to the current levels.
Ace investor Mr. Mukul Agrawal, who bought the company’s shares for the first time during Q4FY22-23, raised his stake in Q1FY23-24.
During the March 2023 quarter, he bought 13 Lakh equity shares equating to a 1.91 percent stake. In the following quarter period, he increased his stake by 2.44 percent and holds 29.38 Lakh equity shares equating to a 4.33 percent stake. Currently, the holding value of the investments stands at around Rs 65.6 crores.
Having a walkthrough of the latest financial reports, the basic indicators exhibiting smooth flow of business activities such as the operating revenues as well as after-tax profits were on the rise.
The operating revenues moved up from Rs 1,334 crores during FY21-22 to Rs 1,798 crores in FY22-23, and, the profits, during the same time period, took a shift from Rs 44 crores to Rs 94 crores indicating an increase of 114 percent.
The profitability metrics, matching the movement, have shown decent growth with the return on equity (RoE) increasing from 4.52 percent during FY21-22 to 8.87 percent in FY22-23. Moreover, the return on capital employed (RoCE) shifted from 9.27 percent to 15.86 percent.
The shareholding pattern, as of the June 2023 quarter, shows that the Promoters hold a 38.65 percent stake, and Foreign Institutional Investors (FIIs) hold a 12.31 percent stake in the company.
Capacit’e Infraprojects Limited is involved in the business of constructing buildings with a specialization in the construction of High and Super High-rise commercial, residential, and institutional buildings. Some of the company’s projects include Oberoi Garden City, Rustomjee Seasons, etc.
Written by Amit Madnani
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