During Tuesday’s trading session, shares of a micro-cap company involved in the business of manufacturing plastic piping and irrigation products are in focus on BSE, after promoter Apollo Pipes Limited increased its stake by 1 percent in the company.
With a market cap of Rs. 500 crores, at 10:57 a.m., the shares of Kisan Mouldings Limited were trading in the green at Rs. 41.85 on BSE, up by around 1 percent, as compared to its previous closing price of Rs. 41.53. The stock has delivered negative returns of around 38 percent in one year, and has fallen by over 4 percent in the last one month.
What’s the News
As per the latest bulk deal, Apollo Pipes Limited purchased 12 lakh equity shares in Kisan Mouldings, representing a 1 percent stake, through an open market transaction on BSE. The deal was valued at nearly Rs. 5 crores, executed at an average price of Rs. 41.25 per share.
On the selling side, Balaji Agencies offloaded 6.5 lakh equity shares, equivalent to a 0.54 percent stake, for around Rs. 2.7 crores at Rs. 41.24 per share, while Singhal Enterprises divested 6 lakh shares (or 0.5 percent stake) worth Rs. 2.5 crores in Kisan Mouldings at Rs. 41.25 per share. As per the latest shareholding data available on BSE, the promoter Apollo Pipes Limited held a 57.59 percent stake in Kisan Mouldings Limited.
Financials & more
Kisan Mouldings reported a significant growth in its revenue from operations, showing a year-on-year rise of around 40 percent from Rs. 59.5 crores in Q4 FY24 to Rs. 83.3 crores in Q4 FY25. However, its net profit decreased during the same period from Rs. 90 crores to Rs. 0.5 crores, representing a decline of around 99 percent YoY.
Kisan Mouldings Limited is primarily engaged in the business of manufacturing PVC pipes, fittings, UV-resistant multilayer water tanks and allied products. It is one of the largest manufacturers of multiple applications of pipes for water supply, sanitation, sewerage, construction, cable ducting, drinking water, tube wells, submersible pumps and other polymer products for various purposes.
Written by Shivani Singh
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