Shares of this micro-cap inventory rose 8 % on Thursday after the corporate efficiently commissioned its new manufacturing facility in Gujarat, following the decision of energy provide points. The plant, now totally operational, is anticipated to considerably increase manufacturing capability within the coming years.
Share Worth Motion
Throughout Thursday’s buying and selling session, Kaka Industries Ltd’s share worth reached an intra-day excessive of Rs.305.05 per share, a 3.32 % improve from the earlier shut of Rs.281.95 apiece. The shares have retreated since then and at present buying and selling at Rs.281.95 per share. Over the previous 12 months, the shares have delivered 76 %.
What’s the information
Kaka Industries Restricted, a distinguished producer of PVC-based merchandise, has efficiently commissioned its state-of-the-art manufacturing facility in Village Lasundra, Tehsil Kathlal, District Kheda, Gujarat. This achievement got here after overcoming a longstanding energy provide concern that had restricted the plant’s operations for six months.
Spanning round 8,00,000 sq. toes, with 4,00,000 sq. toes of constructed and under-construction areas, the ability is designed to attain a capability of 40,000 metric tons each year (MTPA). The output is anticipated to surpass the present utilization of 18,000 MTPA by greater than 120 % inside 2 to three years.
With the ability provide concern resolved, Kaka Industries now receives a gradual energy provide from Madhya Gujarat Vij Firm Restricted (MGVCL), permitting the plant to perform at full capability and enhance operational effectivity.
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Market Presence
Kaka Industries has developed a robust distribution community, with 300 sellers spanning over 20 states and Union Territories throughout India. This broad protection ensures that its merchandise are simply accessible to clients nationwide.
The corporate has additionally established key depots in Gagilapur (Telangana), Dadri (Uttar Pradesh), and Surat (Gujarat) to streamline logistics and distribution processes.
Monetary Overview
In its newest monetary replace, the corporate reported web gross sales of Rs.95 crore for Q2 FY25, marking an 8 % improve from Rs.88 crore in Q2 FY24. Moreover, web income noticed an increase of 17 %, reaching Rs.7 crore, in comparison with Rs.6 crore throughout the identical interval final 12 months.
In regards to the Firm
Based in 2019, Kaka Industries Ltd is a number one producer of polymer-based profiles, with a specialization in uPVC and PVC merchandise. The corporate has quickly emerged as a major participant within the trade, providing a variety of options for purposes resembling doorways, home windows, partitions, and kitchen cupboards.
Written by – Siddesh S Raskar
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