Shares of this BSE 500 textile company delivered 180% returns to its investors in the last two years!

resr 5paisa Research Team

Last Updated: 19th January 2023 - 09:58 am

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An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.80 lakh today. 

 KPR Mill Ltd, an S&P BSE 500 company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 186.04 on 15 January 2021 to Rs 521.65 on 17 January 2023, an increase of 180% in the two-year holding period. Meanwhile, the S&P BSE 500 index, of which the company is a part, surged 29.2% during the same period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.80 lakh today.

KPR Mill Ltd is a textile company with business interests spanning Yarn, Fabrics, Garments and White Crystal Sugar. The company has highly automated business operations and access to cutting-edge technology equipment and tools. Its textile portfolio comprises a diverse range of yarns, fabric and garments and exports to 60 countries across the globe. 

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue increased by 1.82% YoY to Rs 1173 crore. However, the bottom line decreased by 16% YoY to Rs 203 crore. 

The company is currently trading at a TTM PE of 20.70x against the industry PE of 29.70x. In FY22, the company delivered an ROE & ROCE of 30% and 31%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 17,801.67 crore. 

Today, the scrip opened at Rs 529.95 and has touched a high and low of Rs 536.05 and Rs 520.50, respectively. So far, 2,868 shares have been traded on the bourses. 

At 11.57 am, the shares of KPR Mill Ltd were trading at Rs 520.80, a decrease of 0.16% from the previous day’s closing price of Rs 521.65 on BSE. The stock has a 52-week high & low of Rs 764.40 and Rs 479.55, respectively on BSE. 

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