This NBFC company is a micro cap company engaged in finance and insurance sector. The company generates 99.85% revenue from financing and investment.
Robust quarter 2 result has announced by the company, next trading day company hits 20% upper circuit. Analysts looking for up to 60% upper trend in this stock.
About the company
This micro cap company is Kiran Vyapar with a market cap of Rs 699 crores. Kiran Vyapar deals in financial instruments like mutual funds distribution, and investment. Recently company has declared final dividend of Rs 1.00 on 19 Sep 2024.
This company generates 100% revenue from Indian market. Promoters have 74.96% shareholding while rest 25.04% shareholding is with Retail Investors. Total no of shareholders has been increasing 28.84% YoY.
Quarter 2 result Update
Sales rise 296.45% to Rs 41.35 crore in quarter ended July-Sep FY 2024 as against of Rs 11 crore in July-Sep FY 2023.
Net-Profit rose 300.48% to Rs 33 crore in quarter ended July-Sep FY 2024 as against Rs 8 crore in July-Sep FY 2023.
Operating Profit margin is 95.11% reported in Q2 FY24 result update.
Net Profit margin is reported 70.63% in Q2 FY24.
EPS is reported 9.26 in Q2 FY24.
The company reported it’s total revenue Rs 36 crore, expense Rs 4 crore, Net Profit Rs 24 crore in Q2 FY 24.
Price Action
The company hits 20% upper circuit after robust quarter performance. The share of Kiran Vyapar is trading at Rs 307 after it’s strong quarter result. Previous close of share was Rs 256.10.
52 week low of Kiran Vyapar was Rs 138 while 52 week high was Rs 307.
Stock Performance
Kiran Vyapar has delivered more than 90% returns to its investors in last one year, and 210% return in last five years. Kiran Vyapar is listed on Bombay Stock Exchange (BSE).
Share of Kiran Vyapar hit it’s 52 weeks high on 6 Nov 2024 after 20% upper circuit.
Brokerage Reports
According to latest analysts research and brokerage firms reports Kiran Vyapar has positive sentiment for near future. The company can give 60% uptrend returns in near future.
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Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not investment advice