- Date : 18/08/2023
- Read: 3 mins
A look at the business operations of Kings Infra Ventures, its recent financial results and the stock performance over the years.
Kings Infra Ventures is grabbing eyeballs in the equity market with its multi-bagger returns. 60% stock growth in one year, 280% in two years, and 450% in 3 years! Is it a temporary fad, or is Kings Infra Ventures poised to grow multi-fold? Their financials indicate that the company stands on solid ground.
Key Highlights:
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The Kings Infra Ventures stock has assumed the multi-bagger status
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Its Q1 FY24 results are showing encouraging growth
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The company has made a foray into the lucrative Chinese seafood market
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The stock has been rallying for over two years to reach an all-time high
Kings Infra Ventures financials round-up
The company reported marginally higher numbers in Q1 FY24 as compared to its Q4 FY23 numbers. However, it was a significant improvement over the Q1 FY23 performance.
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Its total income of Rs 20.9 crore is an 86% increase over the Q1 FY23 total income
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The net profit of Rs 2.14 crore is a 23.17% decrease quarter-on-quarter
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The earning per share has increased by 117%, from 0.42 to 0.91
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Their annual revenue for FY23 was Rs 60 crore, compared to Rs 39 crore in FY22
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The debt-equity ratio of Kings Infra Ventures is 0.67, brought down from 0.75 in FY22
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The company has a current market capitalisation of around Rs 300 crores
Kings Infra Ventures operational round-up
Kings Infra Ventures is a 36-year-old company from Tuticorin, Tamil Nadu. Its business is seafood and aquaculture farming. This includes seafood and marine product trading and retail sales, aquaculture consultancy and food-related infra development. The company registered the highest production per hectare in 1991 and boasts the highest shrimp farming productivity in Asia.
Kings Infra has a tie-up with NEC Corporation, Japan, to incorporate AI and IoT technologies to enhance traceability and ensure sustainability in shrimp farming. It has signed an MoU with Chinese company Shanghai RSF Trading Company to market its brand KINGS RISHFU in China.
Stock decision
If you look at the long-term track record of this stock, it was stagnating in the 20s and 30s for nearly three years till the end of the calendar year 2021. It went from Rs 35 to Rs 97 in the year 2022. This year it touched its all-time high of Rs 142 and is presently trading at Rs 128.
With the company continuing to innovate on its operations and presence, and numbers complementing its growth, investors must keep this stock in their radars. They can accordingly identify the entry point, depending on their trading or investing expectations from the stock.
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