Shares of AGI Greenpac Ltd., a containers and packaging company shot up 20% to reach an intraday high of ₹ 496.10 apiece. At 12:06 PM, its shares were trading at ₹ 492.00, up 19.00%.
AGI Greenpac manufactures and markets various packaging products including glass containers and polyethylene terephthalate (PET) bottles, products and security caps and closures. It has seven plants in India, located across Telangana, Uttarakhand, and Karnataka and this division caters to 500+ globally acclaimed institutional clients in India. Its other business segments include wind power generation and other activities.
Ace Investor Holdings
According to the company’s shareholding pattern, ace investor Ashish Dhawan holds a 4.79% stake or 31,00,000 shares in it. The data also shows that market veteran Sunil Singhania’s Abakkus Emerging Opportunities Fund-1 has a 1.86% stake or 12,06,364 shares in the company.
Quarterly and Annual Results
The company delivered a strong performance in the January to March quarter (Q4FY23). Its revenue from operations came in at ₹ 680 crores, as compared to ₹ 432 crores in Q4FY23, registering a growth of 58% on a year-on-year (YoY) basis. Its net profit from continued operations stood at ₹96 crores, registering a growth of 152% on a YoY basis with margins of 14%.
It delivered a robust performance for the financial year 2022-23 (FY23). It reported a revenue from operations of ₹ 2281 crores, up 60% YoY, as compared to ₹ 1430 crores in FY22. Its net profit rose 114% in FY23 at ₹ 249 crores with margins of 11%.
“Rise in demand for the glass packaging containers from both the non-alcoholic & alcoholic beverage segments and our integrated business model and premium products helped us in delivering sustainable growth for the year,” said Mr Sandip Somany, Chairman and Managing Director, of AGI Greenpac Ltd.
He added that AGI Greenpac is a supply chain partner to various consumer brands including pharmaceuticals, food, non-alcoholic beverages, cosmetics, and perfumery and is focused on creating value for all partners.
Multibagger Returns
The company’s share price has risen from ₹ 201.05 apiece 10 months ago to ₹ ₹ 492.00 apiece currently, delivering multibagger returns of 144.72%. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares 10 months ago, the value of their holdings would have been ₹ 2.44 lakhs today!
Financials
AGI Greenpac is a small-cap company with a market capitalization of ₹ 2,675 crores. It has a low return on equity of 8.87% but an ideal debt-to-equity ratio of 0.72 and a dividend yield of 1.21%.
The company’s promoters hold a 60.24% stake in it followed by retail investors with 33.60%, foreign institutions with 6.02%, domestic institutions with 0.08% and mutual funds with 0.06%.
Written by Simran Bafna
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