58.33 per cent returns from 52-week low & Board to mull stock split: Auto locks & parts manufacturing stock jumps over 15 per cent
The company's shares saw a surge in volume by more than 10 times on the BSE.
On Monday, shares of Pavna Industries Ltd jumped over 5 per cent to Rs 467.40 per share from its previous closing of Rs 405.20 per share. The stock’s 52-week high is Rs 759.55 per share and its 52-week low is Rs 295.20 per share. The company's shares saw a surge in volume by more than 10 times on the BSE.
Pavna Industries Ltd informed that the Board of Directors of the company will be held on Wednesday, July 02, 2025, inter alia, to consider and approve:
- The proposal for alteration in the share capital of the company by way of subdivision/ split of the existing equity shares of Rs 10 (Rupees Ten Only) each in such manner as may be determined by the Board of Directors, subject to the approval of Shareholders and any other regulatory/ statutory approvals, as may be required under the applicable laws and;
- Any other matters with the permission of the board.
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About the Company
Since 1994, Pavna Industries Ltd, part of the Pavna Group, has been a leading manufacturer of automotive components for OEMs. They produce a wide range of products for passenger, two-wheeler, three-wheeler, and commercial vehicles, from steering-cum-ignition switches and fuel tank caps to throttle bodies and carburettors. Their offerings also include electrical products, casting components, and various accessories like wheel and helmet locks, along with fuel cocks, pumps, handles, and latches.
According to Quarterly Results, the company reported net sales of Rs 66.23 crore and net profit of Rs 1.82 crore in Q4FY25 while in its annual results, the company reported net sales of Rs 308.24 crore and net profit of Rs 8.04 crore in FY25.
In FY25, FIIs bought 8,61,614 shares or 6.18 per cent compared to nil holding in FY24. As of March 2025, Promoters own 61.50 per cent stake, FIIs own 6.18 per cent stake and the remaining 32.32 per cent stake is owned by public shareholders. The company has a market cap of over Rs 600 crore. The shares of the company have a PE of 7x, an ROE of 5 per cent and an ROCE of 10 per cent. The stock is up by 58.33 per cent from its 52-week low of Rs 295.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.