Shri Jagdamba Polymers Reports Strong Sales Growth Amid Market Evaluation Adjustments

Feb 17 2025 02:15 PM IST
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Shri Jagdamba Polymers, a microcap in the packaging sector, has reported strong financial results for Q3 FY24-25, with net sales reaching Rs 240.26 crore. The company shows solid management efficiency and a robust financial foundation, although it has experienced slower long-term growth in operating profit.
Shri Jagdamba Polymers, a microcap player in the packaging industry, has recently undergone an adjustment in evaluation, reflecting its current market dynamics. The company has reported positive financial performance for the third quarter of FY24-25, showcasing a notable growth in net sales, which reached Rs 240.26 crore, marking a significant increase. Additionally, the company has consistently delivered positive results over the last four quarters, with the highest PBDIT recorded at Rs 16.95 crore and PBT less other income at Rs 15.23 crore.

Shri Jagdamba Polymers maintains a strong management efficiency, evidenced by a high return on capital employed (ROCE) of 25.14% and a low debt-to-equity ratio, indicating a solid financial foundation. Despite these strengths, the company has exhibited slower long-term growth, with operating profit increasing at an annual rate of 8.85% over the past five years.

The stock has generated a return of 16.76% over the last year, outperforming the broader market. However, it is currently positioned in a mildly bearish technical range, with recent trends indicating a shift from a sideways movement.

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