Investment of Rs 1 lakh in this textile stock would have given you Rs 4.03 lakh in a year!

resr 5paisa Research Team

Last Updated: 14th December 2022 - 07:16 am

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The stock, which was trading at Rs 175.01 on 5 January 2021, closed at Rs 705.55 on 4 January 2022. It has a 52-week high and low of Rs 720.85 and Rs 169.80, respectively.

K.P.R Mill Ltd is one of the largest vertically integrated company, whose business interests span across Yarn, Fabrics, Garments and White Crystal Sugar. This company’s stock has turned into a multibagger by providing exceptional returns of 300% within one year.

The company boasts of having highly automated business operations with access to cutting-edge technology equipment and tools. With exports to 60 countries across the globe, its textile portfolio comprises varieties such as readymade knitted apparel; fabrics; compact, melange, carded, polyester and combed yarn.

Talking about the manufacturing capacity, in November 2021, the company successfully commissioned a new 42 million garments production capacity at Chengapally, Tamil Nadu, taking the total Garment manufacturing capacity to 157 million garments per annum.

Also, the company has made some strategic investments in Wind Power Projects & Co-gen plants for captive consumption and reducing power costs. At present, the total wind power capacity stands at 61.92 MW, which fulfils 60% of the textile power requirement. And the 40 MW Co-Gen Power Project has enabled the company to meet its substantial power requirement throughout the year.

Currently, the company is undertaking the expansion of its sugar, Co-gen and ethanol production capacity with 10,000 TCD, 47 MW and 230 KLPD respectively.

Looking at the performance in H1FY22, the company earned 67% of the total revenues from the domestic business while the rest 33% of the revenues were accounted for by exports. During this period, the top line of the company went up by 44.5% to Rs 2,166.30 crore while the bottom line went up by 137.38% YoY to Rs 410.29 crore.

At 1.52 pm, the share price of K.P.R Mill Ltd was trading at Rs 707.45, an increase of 0.27% from the previous day’s closing price of Rs 705.55 on BSE.

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