Ashish Kacholia Portfolio Stock: How a Saudi Acquisition Could Reshape This Pipe Maker's Revenue Mix
India, Aug. 23 -- Although profit more than doubled and margins reached a multi-year high in a recent quarter for one of Ashish Kacholia's long-standing portfolio holdings, the company claims the numbers hardly reflect what's to come. A small portion of the reported revenue for the quarter came from a Saudi Arabian acquisition that was completed in the last few weeks of May. The management anticipates that the contribution will reach hundreds of crores every three months, starting in the upcoming quarter.
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Man Industries closed on Friday at Rs.720, up 6.20% from its previous close of Rs.677.95, giving it a market capitalisation of Rs.5,400.69 crore. The stock currently trades at a P/E of 26.43x. Ace investor Ashish Kacholia hol...
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