Dolly Khanna Sold 1,46,257 Shares: Lead Manufacturer Commenced Commercial Production of First Phase of 36,000 MT Per Annum
With a PE ratio of 36.1, the company trades at a premium compared to the industry PE of 29.3. The company has ROCE of 16.1 per cent and ROE of 12.98 per cent.
Pondy Oxides & Chemicals Ltd (POCL) witnessed strong intraday momentum, gaining Rs 28 or 3.84 per cent to trade at Rs 757.65, compared to its previous close of Rs 729.65. The rally was supported by a positive corporate development, as the company has commenced Commercial production of first phase of 36,000 MT per annum with effect from 16th April 2025 out of the total licensed capacity of 72,000 MT per annum at Thervoykandigai, Tamil Nadu which is a fully automated advanced facility and first of its kind in India with features of overall operational efficiencies.
Incorporated in 1995, Pondy Oxides and Chemicals Ltd manufactures Lead Metal and Alloys and other Non-ferrous metals. POCL is in the metallic and non-metallic recycling industry as India’s largest secondary Lead manufacturer in Lead Alloys. Its core product, lead and lead alloys, is mainly used in making lead-acid batteries. Company converts scraps of various forms of Lead, Aluminium, and Copper into Lead Metal, Aluminium Metal, Copper, and its Alloys. It carries out smelting of Lead Battery scrap to produce secondary lead metal, which is further transformed into Pure lead and Specific Lead Alloys. Further, company also manufactures Zinc metal and Zinc Oxide. In Septemeber 2024 Dolly Khanna sold 1,46,257 (1.12 per cent) shares.
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In the Quarterly Results of December 2024, the company reported a revenue of Rs 502.42 crore, reflecting a YoY growth of 10.55 per cent compared to Rs 454.49 crore in December 2023. The operating profit stood at Rs 25.24 crore, marking a decline of 0.55 per cent from Rs 25.38 crore in the same quarter last year. The profit after tax (PAT) increased by 20.93 per cent to Rs 15.14 crore from Rs 12.52 crore in December 2023.
In FY24, the company posted a revenue of Rs 1,523.82 crore, registering a 3.54 per cent growth compared to Rs 1,471.67 crore in FY23. The net profit for the year stood at Rs 39.52 crore, down 19.67 per cent from Rs 49.20 crore in the previous financial year.
With a PE ratio of 36.1, the company trades at a premium compared to the industry PE of 29.3. The company has ROCE of 16.1 per cent and ROE of 12.98 per cent. Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.