Shri Jagdamba Poly on a high
By
Research Desk
about 8 years ago
This Ahmedabad based company, Shri Jagdamba Polymers, is engaged mainly in production of sacks & bags of polyethylene and fabrics.
The stock price has been hitting new highs since 9th November and today too, it hit a new life time high at Rs.560.65.
The company posted a very good set of numbers for Q2FY17. Net sales was up 8% (YoY) at Rs.38 crore and EBITDA rose 71% at Rs.6 crore. Net profit for the quarter was at Rs.2.5 crore, up from Rs.1 crore in previous Q2.
The company’s equity capital is tiny at Rs.88 lakh and reserve is at Rs.21 crore. Annualised EPS stands at Rs.83 (FV of Rs.10). The company is a huge bonus candidate and that explains the high investor fancy for a stock whose market cap stands at Rs.50 crore.