To avoid major downside, invest in companies with good corporate governance

The debtor days have improved from 49.3 to 31.7 days. The shares of the company have a PE of 13.80x whereas the industry PE is 36.40x with a ROE of 17.92 per cent.

According to the annual results, the net sales increased by per cent to Rs 1,583 crore and net profit increased by per cent to Rs 130 crore in FY23 compared to FY22. The EPS for FY23 stood at Rs 60.66. The scrip has a PE of 14.70x, a ROE of 20 per cent and a ROCE of 21.60 per cent.

Recently, The Board of Directors of the company have recommended and approved the bonus Issue of equity shares in the proportion of 1 equity share of Rs 1 each for every 2 Equity Shares of Rs 1 each held by shareholders of the company as on the record date. The share ex-record date was Wednesday, June 19, 2023.  

Shares of the company have gained more than 100 per cent in the last one year.

Shares of this company jumped more than 25 per cent in the last 6 months.

KIVL is engaged in aquaculture farming, seafood processing, international trade of marine products, aquaculture consultancy, food-related infrastructure development and domestic marketing and supply of retail packed marine products.

Open positions, in terms of the number of contracts and value, exceeded the first day of full-scale operations by 32 per cent and 35 per cent, respectively. The commencement of full-scale operations saw 2,37,108 contracts worth USD 9.14 billion (Rs 74,987 crore equivalent) in Gift Nifty.

These initiatives mark a significant stride towards a sustainable and greener future.

Ashish Kacholia, a prominent investor, hold a 1.10 per cent stake in Megastar Foods, which translates to total ownership of 1,12,968 equity shares in the company. However, given Kacholia's recent decision to exit his position in the stock, it has left investors speculating about the company's future prospects. Could this be a signal that the stock has reached an overhyped valuation, and its merry run might be coming to an end?