This small-cap company flew on the bourses on July 14

This small-cap company flew on the bourses on July 14

by 5paisa Research Team Last Updated: 2022-07-14T17:02:20+05:30

Butterfly Gandhimathi Appliances registered an 18.18% surge in today’s trading session.

Butterfly Gandhimathi Appliances manufactures LPG Stoves, Mixer Grinders, Table Top Wet Grinders, Stainless Steel, and Aluminium Pressure Cookers amongst others. Established in 1986, it is one of the largest Kitchen Appliances companies in India. It is a market leader for SS LPG Stoves and Table Top Wet Grinders and a major supplier of Mixer Grinders and Pressure Cookers.

In Thursday’s trading session, the share price of the company flew after the company reported robust financial results. Butterfly Gandhimathi Appliances has reported results for the first quarter ended June 30, 2022. The company has reported around a 14-fold jump in its net profit at Rs 13.24 crore for the quarter under review as compared to Rs 0.95 crore for the same quarter in the previous year. The total income of the company increased by 85.39% to Rs 253.86 crore in Q1FY23 as compared to Rs 136.93 crore for the same quarter the previous year.

The scrip opened at Rs 1360 and has touched a high of Rs. 1616.85 and a low of Rs. 1347.30, respectively. So far 10767 shares were traded on the counter.

On the valuation front, the company is currently trading at a TTM PE of 149.38x, as against the industry PE of 54x. In FY22, the company delivered an ROE & ROCE of 7.05% and 14.30%, respectively.

This Group 'B' stock has touched a fresh 52-week high of Rs 1575 today i.e. on 14 July 2022 and a 52-week low of Rs 701.20 on 24 August 2021. The promoters holding in the company stood at 88.78%.

Butterfly Gandhimathi Appliances ended at Rs 1593.65, up by 246.25 points or 18.28% from its previous closing of Rs 1347.40 on the BSE.


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