Bulk Deal: Stock under ₹50 jumps 3% after promoter bought stake worth over ₹5.5 Cr

The shares of the largest plastics processing company gained up to 3 percent after the company’s promoter bought an additional 12,00,000 equity shares via a bulk deal in the company.

Price movement

With a market capitalization of Rs 562.31 crore, the shares of Kisan Mouldings Limited were trading at Rs 47.07 per share, increasing around 1.14 percent as compared to the previous closing price of Rs 46.54 apiece.

Reason for Rise

The shares of Kisan Mouldings Limited have seen positive movement after the Apollo Pipes, promoter, bought an additional 12,00,000 equity shares via a bulk deal in the company at an average price of Rs 46.52 per share.

Earlier, on 27 February,  Apollo Pipes bought 6,00,000 equity shares in the company. However, as of December 2024, Apollo Pipes holds 6,40,00,000 equity shares which is equivalent to 53.57 percent in the company.

Along with this, the promoter group Apollo Pipes has also earlier purchased 6 lakh shares at  Rs 43.03 apiece on February 11 and 13 respectively.

Financial performance 

Looking into the company’s financial condition, Kisan Mouldings Ltd’s revenue zoomed by 6 percent from Rs 66.19 Crore in Q3FY24 to 70.32 Crore in Q3FY25. During the same time frame, net profits magnified from a loss of Rs 16.60 crore to a profit of Rs 0.40 crore.

Also read: Why is this Tata group stock the worst Nifty 50 Performer? Here’s what you need to know

Product Profile

The company offers a diverse product range, including KMLClassic CPVC and UPVC plumbing systems, SWR drainage systems, irrigation solutions like drip and sprinkler systems, Kisan Barish rainwater harvesting, various pipes (underground, conduit, HDPE, submersible), molded and fabricated fittings, furniture, solvent cement, rubber lubricants, and ghamelas.

Manufacturing Capacity & Clientele

The company operates pipe manufacturing facilities in Maharashtra, Madhya Pradesh, and Dadra & Nagar Haveli, processing 20,000–40,000 MT of polymer annually. Its clientele includes B.R. Shirke Construction, Indian Petrochemicals, Hiranandani, Lloyds Steel, Raheja, Kalpataru, Lokhandwala Developers, Voltas, Great Eastern Shipping, and more.

Financial Metric

In the return ratios, the return on equity (RoE) in FY24 stood at around 37.94 percent, and the return on capital employed was around (12.38) percent. The debt-to-equity ratio stood around0.11 as of FY24.

Company Profile

Kisan Mouldings Limited is engaged in manufacturing plastic molded fittings and furniture, molded agricultural fittings, and suction pipes with polyvinyl chloride (PVC) solvent and rubber lubricant. The Company has three segments: Pipes and Fittings, C.P. Fittings and Moulded Furniture and Air Coolers.

Written by Abhishek Singh

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