Rs 54.5 to Rs 954: This smallcap plastic films manufacturer has given phenomenal returns of 1,657.91% in a year

Rs 54.5 to Rs 954: This smallcap plastic films manufacturer has given phenomenal returns of 1,657.91% in a year

by 5paisa Research Team Last Updated: Mar 07, 2022, 01:23 PM IST

Veteran investor Ashish Kacholia increased his stake in the packaging multibagger smallcap - Xpro India.

XPRO India Ltd, which is a Birla group company, is a manufacturer in India of Coextruded Plastic Films, thermoformed liners and speciality films. The company has given investors stellar returns of 1,657.91% over the last year. The share price of the company stood at Rs 54.05 on March 8, 2021, and since then, it has increased investor wealth by more than 17 times.

In Q3FY22, revenue grew by 9.11% YoY to Rs 111.25 crore from Rs 101.96 crore in Q3FY21. On a sequential basis, the top-line was down by 12.09 per cent. PBIDT (Ex OI) was reported at Rs 17.93 crore, up by 38.17% as compared to the year-ago period and the corresponding margin was reported at 16.12%, expanding by 339 basis points YoY. PAT was reported at Rs 11.62 crore, up by 89.25% from Rs 6.14 crore in the same quarter for the previous fiscal year. The PAT margin stood at 10.44% in Q3FY22 expanding from 6.02% in Q3FY21.

Xpro India Limited is a multi-divisional, multi-locational conglomerate with a significant focus on the polymer processing business. The company was founded as a separate organisation in 1998, but the units that make up the corporation have been around for a long time. BOPP Films, Coex Cast Films, Coex Sheets, Dielectric Films, and Thermoformed Liners are among the company's offerings.

The recent shareholding data disclosed that veteran investor Ashish Kacholia increased his stake in the packaging multibagger smallcap - Xpro India. The company has also agreed to issue 1.64 million convertible warrants at Rs 762 apiece to Malabar India Fund, a hedge fund run by New York-based Sumeet Nagar, for gross proceeds of Rs 125 crore. Each warrant will be convertible into one equity share of the face value of Rs 10 apiece within eighteen months from the date of allotment. The conversion shares will represent a 12.2% stake in the company.

At 10:43 am on Monday, the stock of XPRO India Ltd was seen trading at Rs 954, down by 5% or Rs 50.2 per share. The 52-week high of the scrip is recorded at Rs 1283.65 and the 52-week low at Rs 49.65 on the BSE.

SENSEX
54,715.65
463.12 (0.85%)
Nifty 50
16,317.60
147.45 (0.91%)
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332.80 (0.95%)
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SENSEX
54,715.65
463.12 (0.85%)
Nifty 50
16,317.60
147.45 (0.91%)
Nifty Bank
35,427.70
332.80 (0.95%)

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