Swadeshi Polytex Limited, a listed company, has emerged as a shining star in the real estate sector, showcasing impressive financial performance and delivering substantial returns to its investors. The company is involved in a diverse range of real estate activities, including transacting, owning, developing, and leasing properties of various types. Notably, Swadeshi Polytex has gained significant attention for its exceptional financial trajectory over the past two years, providing investors with remarkable returns. Read this article to know why you can consider investing in this stock.
Weekly Chart and Share Price Surge
In 2021, the share price of Swadeshi Polytex Limited hovered around 5 rupees per share. Fast forward to 2023, and the stock has surged beyond 65 rupees, marking an extraordinary growth of over 1000 percent in just two years.
The primary driver behind this remarkable upswing has been the consistent increase in promoter shareholding, creating a sustained uptrend in the stock.
Second Quarter FY 2023-24 Results
The company’s Q2 FY 2023-24 results further attest to its robust financial health. The sales for the second quarter reached 40.2 Cr. in September 2023, exhibiting a staggering 797 percent increase Year-Over-Year (YOY) compared to 4.548 Cr. in September 2022. The EBIDT witnessed an 864 percent YOY increase, reporting 38.4 Cr. in September 2023 from 3.98 Cr. in the same period of the previous year. The net profit soared to 32.6 Cr. in September 2023, reflecting a remarkable 795 percent YOY increase from 3.64 Cr. in September 2022. Additionally, the Earnings Per Share (EPS) surged from 0.93 in 2022 to an impressive 8.36 rupees in 2023, marking a significant 799 percent increase YOY.
Key Highlights of Swadeshi Polytex
- Debt-Free Status: Swadeshi Polytex is virtually debt-free, making it an attractive proposition for investors seeking companies with minimal financial risk.
- Consistent Profit Growth: The company has demonstrated consistent profit growth over the past five years, with a CAGR of 153%.
- Increasing Promoter Holding: Promoter holding in the company has increased by 1.69% over the last quarter, indicating the management’s confidence in the company’s future prospects.
Swadeshi Polytex Limited, on its impressive growth trajectory, fueled by pivotal success factors, emerges as an enticing investment prospect. Nevertheless, prudent investors are strongly encouraged to engage in thorough research and align their investment decisions with their specific financial objectives to ensure well-informed and sound choices.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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