This Dolly Khanna stock turned Rs 1 lakh into Rs 7 lakh in two years

Shares of Butterfly Gandhimathi Appliances have rallied 628 percent within the last 2 yrs. The little cap stock, which closed at Rs 192.75 on Feb 24, 2020, rose to some a lot of Rs 1,404 around the BSE today. Ace investor Dolly Khanna owned 1.44 percent stake or 2.56 lakh shares from the firm in the finish of Q3.

Some Rs 1 lakh committed to the shares of Butterfly Gandhimathi Appliances 2 yrs ago might have switched into Rs 7.28 lakh today. Compared, Sensex has risen 38 percent throughout the period.

Butterfly Gandhimathi shares came near to their 52 week high today, rising 1.51 percent to Rs 1,404, on BSE. The stock hit its 52-week a lot of Rs 1,419 on Feb 23, 2022 and touched its 52-week low of Rs 478 on April 5, 2021.

Butterfly Gandhimathi stock is buying and selling greater than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

The stock has acquired 20.64 percent forever of the year and risen 144 percent in a single year. The proportion has rose 16.93 percent inside a month and risen 8.59 percent in a single week.

Total 2,683 shares from the firm altered hands amounting to some turnover of Rs 37.37 lakh on BSE. Market cap from the firm was at Rs 2,485 crore on BSE.

18 promoters held 64.78 percent stake within the firm and 26,152 public shareholders owned 35.22 percent for that quarter ended December 2021.

Of those, 25,491 public shareholders held 15.44 percent stake with capital as much as Rs 2 lakh. Only 15 shareholders with 5.24 percent stake held capital above Rs 2 lakh for that quarter ended December 2021. Five mutual funds held 9.53 percent stake or 17.03 lakh shares in Q3 of the present fiscal.

Butterfly Gandhimathi Appliances has outperformed its peers when it comes to stock exchange returns within the last 2 yrs. Shares of TTK Prestige have acquired 34.7 percent and stock of IFB Industries has acquired 80.77 percent within the last 2 yrs. Stock of some other competitor Singer India has rose 77.27 percent throughout the period.

The stellar rally within the stock of Butterfly Gandhimathi Appliances doesn’t fully reflect the financial performance from the firm within the last 2 yrs.

Within the December quarter, the firm reported a 51.44 percent fall in internet profit to Rs 9.09 crore against Rs 18.72 crore profit within the corresponding quarter of previous fiscal.

Sales fell 13.23 percent to Rs 258.49 crore within the last quarter against Rs 297.90 crore within the December quarter of 2020.

Operating profit fell 40.85 percent to Rs 21.21 crore for that quarter ended December against Rs 35.86 crore within the corresponding quarter from the previous fiscal.

On the quarter-on-quarter basis, the firm reported a 64.31 percent fall in internet make money from Rs 25.47 crore within the September 2021 quarter. Sales declined 35.88 percent from Rs 403.12 crore in Q2 of the present fiscal.

However, the income performance from the firm looks promising yearly.

Profit rose 808 percent to Rs 36.16 crore for that fiscal ended March 2021 against Rs 3.98 crore for that fiscal ended 2020. For that fiscal ended 2019, internet profit was at Rs 9.58 crore.

Sales rose 28.13 percent to Rs 869.64 crore within the last fiscal against Rs 678.70 crore for that fiscal ended March 2020. For that fiscal ended 2019, sales was at Rs 652 crore.

On Feb 23 this season, Crompton Greaves stated it’s signed definitive contracts to get as much as 55 percent stake in Butterfly Gandhimathi Appliances at Rs 1,403 per equity share.

The transaction was worth Rs 1,379.68 crore. The firm may also buy certain Butterfly trademarks in allied and cognate classes from promoter group entities for any thought on Rs 30.38 crore.

Butterfly is probably the top three pan-India kitchen and small domestic appliances players. Its leading kitchen and small domestic appliances portfolio includes mixer grinders, desktop wet grinders, pressure cookers, stainless vacuum flasks, LPG stoves and non-stick cookware.