A bunch of companies have released their Q4FY24 numbers along with improvements in their basic profitability, leverage, and return ratios.
Listed below are three stocks held by various ace investors, viz, Mr. Vijay Kedia, Ms. Dolly Khanna, and Mr. Mukul Agrawal that reported Return on Equity (RoE) and Return on Capital Employed (RoCE) of more than 20 percent during FY24:
Zen Technologies Limited
With a market capitalization of Rs 8,588.48 crores, the stocks of Zen Technologies Limited, designing, developing, and manufacturing combat training solutions and counter-drone solutions for defense and security forces, started their trading session on Tuesday at Rs 1,001 and currently trades at Rs 1,021.10, slipping approximately 1.20 percent compared to the previous closing level of Rs 1,033.50 apiece.
According to the latest shareholding data available for the March’24 quarter, Mr. Mukul Agrawal, one of the well-known ace investors based in India, holds shares of Zen Technologies Limited. He holds around 10 lakh equity shares of the company equivalent to a 1.19 percent stake. The current value of his investment stands at around Rs 104 crores.
Having a glance at the latest financials, the company’s prime indicators of business, viz, its operating revenues as well as after-tax profits, witnessed a decent jump in numbers with the former increasing from Rs 100 crores during Q3FY24 to Rs 141 crores during Q4FY24, and the latter, keeping the timeframe the same, rising from Rs 30 crores to Rs 38 crores.
In addition, the company, as per the latest data available, reported a return on equity (RoE) of 20 percent and a return on capital employed (RoCE) of 22 percent.
Elecon Engineering Company Limited
With a market capitalization of Rs 11,861.22 crores, the stocks of Elecon Engineering Company Limited, manufacturing and selling power transmission as well as material handling equipment, started their trading session on Tuesday at Rs 1,060.40 and currently trades at Rs 1,057.40, slipping approximately 0.30 percent compared to the previous closing level of Rs 1,060.40 apiece.
According to the latest shareholding data available for the March’24 quarter, Mr. Vijay Kedia holds shares of Elecon Engineering Company Limited. He holds around 15 lakh equity shares of the company equivalent to a 1.34 percent stake. The current value of his investment stands at around Rs 162 crores.
Having a glance at the latest financials, the company’s prime indicators of business, viz, its operating revenues as well as after-tax profits, witnessed a decent jump in numbers with the former increasing from Rs 474 crores during Q3FY24 to Rs 565 crores during Q4FY24, and the latter, keeping the timeframe the same, rising from Rs 90 crores to Rs 104 crores.
In addition, the company, as per the latest data available, reported a return on equity (RoE) of 22 percent and a return on capital employed (RoCE) of 27 percent.
Chennai Petroleum Corporation Limited
With a market capitalization of Rs 1060.40 crores, the stocks of Chennai Petroleum Corporation Limited (CPCL), engaged in producing & supplying various petroleum products and manufacture of lubricating oil additives, started their trading session on Tuesday at Rs 978.95 and currently trades at Rs 976.25, gaining approximately 0.50 percent compared to the previous closing level of Rs 971.75 apiece.
According to the latest shareholding data available for the March’24 quarter, Ms. Dolly Khanna, one of the well-known ace investors based in India, holds shares of Chennai Petroleum Corporation Limited. She holds around 16.19 lakh equity shares of the company equivalent to a 1.09 percent stake. The current value of her investment stands at around Rs 158 crores.
Having a glance at the latest financials, the company’s prime indicators of business, viz, its operating revenues as well as after-tax profits, witnessed a decent jump in numbers with the former increasing from Rs 17,376 crores during Q3FY24 to Rs 17,720 crores during Q4FY24, and the latter, keeping the timeframe the same, rising from Rs 360 crores to Rs 612 crores.
In addition, the company, as per the latest data available, reported a return on equity (RoE) of 31 percent and a return on capital employed (RoCE) of 35 percent.
Written by Amit Madnani
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