Pasupati Acrylon Hits New 52-Week High at Rs.60.89

Strong Momentum Drives Stock to New Heights

Pasupati Acrylon’s stock price has demonstrated robust upward movement, trading above all major moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This consistent trading above key technical levels indicates sustained investor confidence and underlying strength in the company’s fundamentals.

Despite a day’s performance where the stock underperformed its sector by 0.43%, the overall trajectory remains positive. The new 52-week high of Rs.60.89 marks a substantial rise from its 52-week low of Rs.37.55, representing a price appreciation of over 60% within the last year.

In comparison, the broader Sensex index has shown more modest movement, with a 6.46% change over the same period. The Sensex itself is nearing its own 52-week high, currently standing at 85,178.82, just 0.73% shy of its peak at 85,801.70. This parallel strength in the market adds context to Pasupati Acrylon’s performance within the petrochemicals sector and the wider market environment.

Financial Performance Underpinning the Rally

Pasupati Acrylon’s financial metrics provide insight into the factors supporting its stock price movement. The company reported its highest quarterly net sales at Rs.280.25 crores, accompanied by a peak quarterly PBDIT of Rs.27.15 crores. These figures highlight the company’s operational scale and profitability within the petrochemicals industry.

Operating profit has shown a compound annual growth rate of 67.58%, signalling strong expansion in core business activities. Net profit growth has been particularly notable, with an increase of 825.71% reported in recent results, reflecting effective cost management and revenue growth.

Return on Capital Employed (ROCE) for the half-year period stands at 12.49%, indicating efficient utilisation of capital resources. Meanwhile, the Return on Equity (ROE) is recorded at 10.3%, suggesting a fair valuation relative to shareholder equity. The company’s Price to Book Value ratio of 1.4 further supports this assessment, positioning Pasupati Acrylon at a premium compared to its peers’ historical valuations.

Market Capitalisation and Debt Profile

Pasupati Acrylon’s market capitalisation grade is noted as 4, reflecting its mid-sized presence within the petrochemicals sector. The company maintains a low debt-to-equity ratio, averaging zero, which indicates a conservative capital structure with minimal reliance on borrowed funds. This financial prudence may contribute to the stock’s appeal among investors seeking stability alongside growth.

Comparative Performance and Sector Context

Over the past year, Pasupati Acrylon has delivered a return of approximately 41.14%, significantly outpacing the BSE500 index and the broader Sensex. This outperformance extends to longer time horizons as well, with the stock exceeding the returns of its benchmark indices over three years and the recent quarter.

The petrochemicals sector itself has been buoyed by favourable market conditions, with the Sensex trading above its 50-day moving average and the 50 DMA positioned above the 200 DMA, signalling a bullish trend. Small-cap stocks have led market gains recently, with the BSE Small Cap index advancing by 0.91%, providing a supportive environment for companies like Pasupati Acrylon.

Investor Holdings and Market Dynamics

Despite the company’s size and market presence, domestic mutual funds hold a relatively small stake of 0.59% in Pasupati Acrylon. This limited exposure may reflect a cautious stance or differing assessments of the company’s valuation and business prospects within institutional circles.

Nevertheless, the stock’s recent performance and financial indicators suggest a strong position within the petrochemicals sector. The combination of healthy sales growth, profitability metrics, and a conservative debt profile contribute to the stock’s ability to reach new price milestones.

Summary of Key Metrics

Pasupati Acrylon’s new 52-week high of Rs.60.89 represents a significant achievement, supported by:

• Net sales at Rs.280.25 crores in the latest quarter


• Quarterly PBDIT reaching Rs.27.15 crores


• Operating profit growth at an annual rate of 67.58%


• Net profit growth of 825.71%


• ROCE at 12.49% and ROE at 10.3%


• Price to Book Value ratio of 1.4


• Trading above all major moving averages

These factors collectively illustrate the company’s strong operational and financial footing, which has been reflected in its stock price performance over the past year.

Market Environment and Broader Indices

The broader market environment has also been conducive to Pasupati Acrylon’s rally. The Sensex’s rise of 0.7% today, climbing 675.38 points to 85,178.82, and its proximity to its own 52-week high, provide a positive backdrop. The bullish positioning of the Sensex’s moving averages further supports a constructive market sentiment.

Within this context, Pasupati Acrylon’s achievement of a new 52-week high stands out as a notable development in the petrochemicals sector, highlighting the company’s capacity to capitalise on favourable market conditions and internal growth drivers.

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