With a market capitalization of ₹ 311 crores, Affordable Robotic & Automation Ltd is a micro-cap company that provides turnkey automation solutions for all kinds of Industrial automation needs such as line automation, assembly line, conveyor, and so on.
Ace investor Vijay Kedia holds 12,28,800 shares or a 12.07% stake in the company, as of the March quarter of FY 2022-23. Meanwhile, his firm Kedia Securities Private Limited holds 1,32,000 shares or a 1.30% stake in the company, taking their stake to 13.37%.
Data on the exchanges show that Affordable Robotic & Automation releases its shareholding pattern half-yearly— in the March quarter and the September quarter of every year.
According to its shareholding pattern for the September quarter of 2022, Vijay Kedia held 12,47,200 shares or a 12.25 stake in the company, while Kedia Securities Private Limited’s name did not appear in the list. Therefore, the ace investor has decreased his stake in the company through his account but has increased the stake that his firm has in the company, cumulatively leading to an increase in their stake.
The company is listed on the Bombay Stock Exchange (BSE) and has delivered multibagger returns of 112.87% in the past six months. Therefore if an investor would have invested ₹ 1 lakh in the company’s shares six months ago, the value of their holdings would have been ₹ 2.12 lakhs today!
Affordable Robotic & Automation has a return on equity of 4.78% and an ideal debt-to-equity ratio of 0.73. Its shares were trading at a price-to-earnings ratio of 65.33, which is lower than the industry P/E of 82.31, indicating that the stock might be undervalued as compared to its peers.
Written by Simran Bafna
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