On Thursday, shares of Kirloskar Brothers zoomed and got locked at 20% upper circuit to trade on intraday high and new 52-week high of Rs 507.70 apiece on BSE. The scrip witnessed massive spurt in volume by more than 14.42 times.
In Q4-FY23, the company’s revenue from operations amounted to Rs 11,246 crore, an increase of 17.5% YoY and 17.5% QoQ. The company reported an EBITDA of Rs 1,322 crore, a significant rise of 7.0% QoQ and 81.3% YoY. The EBITDA margin also improved, increasing by 127 basis points (bps) QoQ to 11.68%. The company’s net profit after tax (PAT) grew by 1.5% QoQ to Rs 907 crore and by a staggering 92.3% YoY.
Moreover, the company has proposed a dividend of Rs. 4.5 per equity share of Rs. 2 each for the Financial Year 2022-23, which translates to a 225% dividend payout.
Kirloskar Brothers Limited (KBL) is a leading manufacturer and supplier of fluid management solutions in India. The company was founded in 1888 and is headquartered in Pune, Maharashtra. KBL’s product portfolio includes pumps, valves, hydro turbines and systems for water and waste management.
KBL has a strong presence in both domestic and international markets, with manufacturing facilities in India, the UK and the US. The company’s products are used in various sectors such as agriculture, infrastructure, industrial, energy and marine.
During the last 3 years, the stock has attracted substantial investor interest, primarily due to its impressive multibagger returns of over 430%. The stock has experienced a noteworthy surge in demand, with its value soaring by over 95% in the last 12 months. Moreover, in the last 6 months, the stock has demonstrated robust growth, rallying by more than 27%.
Keep a close eye on this trending multibagger stock which made a new 52-week high today!
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations.