Latest news with #MukulMahavirAgrawal
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Business Standard
3 days ago
- Business
- Business Standard
Mukul Agrawal portfolio smallcap textile stock tanks 17%; here's why
Indo Count Industries said it deferred the volume and margin guidance amid ongoing US tariff uncertainty leading to strategy and portfolio re-jig by retailers in the US. Indo Count Industries share price today Share price of Indo Count Industries tanked 17 per cent at ₹241.10 on the BSE in Monday's intra-day trade after the company reported a sharp 88 per cent decline in its consolidated profit after tax (PAT) for the quarter ended March 2025 (Q4FY25), due to weak operational performance. The stock price of this smallcap textile products company had hit a 52-week low of ₹210.70 on April 7, 2025. At 09:34 AM; Indo Count Industries was trading 15 per cent lower at ₹248.45, as compared to 0.90 per cent decline in the BSE Sensex. Mukul Mahavir Agrawal held over 1% stakes in Indo Count Industries Ace Investor Mukul Mahavir Agrawal held 2.5 million equity shares representing 1.26 per cent stake in Indo Count Industries at the end of March 2025 quarter, the shareholding pattern data shows. Indo Count Industries' Q4 results In Q4FY25, the company's revenue declined 6 per cent year-on-year (YoY) to ₹1,029 crore from ₹1,093 crore in a year ago quarter. Earnings before interest, tax, depreciation and amortisation (Ebitda) down 47 per cent YoY at ₹88 crore; margins contracted 660 bps at 8.5 per cent. Indo Count Industries said the revenue was impacted by volume and value downtrade due to tariff-related uncertainty in the US; core sales affected by cautious inventory management and portfolio realignment by Big Box Retailers. Increased demand for lower-priced products lowered ASP by 6 per cent in the current quarter. Investments in branded and utility bedding businesses were stable on QoQ basis in absolute terms; overall sales de-growth impacted margins, the company said. However, revenue from new brands and utility segments increased to ₹125 crore in Q4FY25 from ₹100 crore in Q3FY25. Meanwhile, sharper product mix downtrade impacted gross margins due to lower ASP leading to under-absorption of costs. Operating margins compressed due to higher fixed costs and ongoing brand-building expenses; although Investments were stable in absolute terms on QoQ basis, the company said. FY26 Guidance The company has deferred the volume and margin guidance amid ongoing US tariff uncertainty leading to strategy and portfolio re-jig by retailers in the US. The management said the company is witnessing similar volume and value trends in Q1FY26. Revenue expected to improve from H2FY26 driven by clarity on tariff structure, launch of Wamsutta brand, deeper penetration of licensed portfolio, rising utilization in utility bedding segment. Further, the management expects increase in advertising & marketing spends in H1FY26 in preparation for Wamsutta launch in Q2FY26; partially to be offset by sales in Wamsutta brand. About Indo Count Industries Established in 1988, Indo Count Industries has evolved to become one of the world's leading home textile companies. Today, it ranks among the top three global manufacturers of bed linen in the US and stands as a key manufacturer and exporter from India, offering a wide range of products including bed sheets, bed linen, utility bedding, pillowcases, fashion and institutional bedding, comforters, quilts, and decorative pillows. The company has state-of-the-art manufacturing facilities with a total annual capacity of 153 million meters in Maharashtra and Gujarat. Acquired the legacy brand 'Wamsutta' a well-established US national heritage 175+ years old brand, known for its wide range of products including bed, bath, rugs, window treatments, and more. Also added several licensed brands to strengthen value-added business positioning across Fashion, Utility, and Institutional Bedding segments in the US market. To further reinforce presence in the utility bedding segment, ICIL has invested in manufacturing facilities in the US.
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Business Standard
28-05-2025
- Business
- Business Standard
Mukul Agrawal portfolio stock soars 30% in 2 days; zooms 99% in 18 days
ASM Technologies share price today ASM Technologies share price hit a record high today, at ₹2,644 per share on the BSE, as it rallied 18 per cent in Wednesday's intraday trade in an otherwise weak market. In the past two days, the stock price of the company, engaged in design-led manufacturing in the semiconductor and automotive industries, has zoomed 30 per cent. Since May 2, that is in the past 18 trading days, ASM Technologies shares have skyrocketed 99 per cent from a level of ₹1,330.20 which it touched on the BSE. At 10:24 AM, ASM Technologies share price was trading 9 per cent higher at ₹2,454.60 as compared to 0.24 per cent decline in the BSE Sensex. Ace Investor Mukul Mahavir Agrawal held 762,500 equity shares, representing 6.48 per cent stake in ASM Technologies, at the end of the March 2025 quarter, shareholding pattern data shows. As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 60 stocks with a net worth of over ₹6,210.6 crore, as per Mukul Agrawal held stake in Neuland Laboratories, BSE Ltd, Radico Khaitan, Nuvama Wealth Management, and PTC Industries. Strong Q4 results For the January to March 2025 quarter (Q4FY25), ASM Technologies reported consolidated profit after tax (PAT) of ₹15.35 crore on the back of strong operational performance. The company had posted net loss of ₹3.4 crore in the year-ago quarter. Revenue from operations more-than-doubled to ₹114.50 crore from ₹44.59 crore. Allotment of equity shares pursuant to conversion of warrants The company's board, on April 29, 2025, approved the allotment of 800,000 fully paid-up equity shares of face value ₹10 each at an issue price of ₹470.70 per equity share (including a premium of ₹460.70 per equity share). Sector Outlook The outlook for the Engineering Research & Development (ER&D) sector in India is optimistic, with projected growth driven by advancements in digital engineering and sustainability initiatives. By 2030, the industrial ER&D spend is expected to reach $250-280 billion, growing at a CAGR of 8-9 per cent. As per Nasscom report, key growth drivers include the increased adoption of automation, robotics, and AI-enhanced analytics. In addition, the focus on developing integrated product-service solutions is expected to contribute significantly to the sector's expansion as companies look to offer comprehensive solutions that enhance customer experience and operational efficiency, ASM Technologies had said in its FY24 annual report. There are abundant opportunities in the ER&D sector, particularly in areas like industrial IoT, digital twins, and automation. The demand for data-driven solutions drives companies to invest heavily in ER&D to optimise factory operations and improve product design through cross-functional collaboration. About ASM Technologies With over three decades of experience, ASM Technologies has been supporting customers in the areas of Engineering Design led Manufacturing. ASM has multiple delivery locations in India with a global presence in USA, Singapore, UK, Canada, Japan, Thailand and Mexico. The company's Global Delivery Model and core competencies consider the changing economic scenarios as an opportunity to provide greater value to existing clients and add new clients. The company's specific industry, domain, and technology expertise allows it to facilitate business transformation for its clients through innovative strategies and solutions.
Economic Times
23-05-2025
- Business
- Economic Times
Ace investor Mukul Agrawal sells shares worth Rs 1 crore in this smallcap stock. Check details
Mukul Agrawal trims stake in MITCON Consultancy via ₹1 crore block deal even as the stock rebounds 14% in a month after a year-long decline. Ace investor Mukul Agrawal sold over 1.3 lakh MITCON shares for ₹1 crore via a block deal at ₹80.52 apiece. Despite past underperformance, the stock gained 8% today and 14% in the last month, signaling a recovery trend. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ace investor Mukul Mahavir Agrawal sold over 1.3 lakh shares of smallcap stock MITCON Consultancy & Engineering Services for Rs 1 crore via a block deal. The stock was sold at a price of Rs 80.52 a to the block deal, Agrawal held 4,76,187 equity shares in the company as on March 31, 2025 as per the shareholding data available on the the stock surged over 8% on the NSE to end the session at Rs Consultancy & Engineering has been a market laggard, witnessing a 24% fall over the past 12 months. This year so far, its shares have fallen by 22%. However, the stock has reversed the trend off-late, gaining 14% over the past one is an Indian Technical Consulting Organization (TCO) offering solutions for technical, marketing & financial business company reported a consolidated net profit of Rs 1.7 crore in Q4FY25 which was up from Rs 1.6 crore reported in the year ago period. The consolidated revenue fell to Rs 39 crore in the January-March quarter versus Rs 42 crore in the year ago added Jagsonpal Pharmaceuticals to his portfolio in the March quarter buying 1.74% stake in the company. He also added another smallcap stock Sahasra Electronic Solutions to his portfolio in the same publicly holds 60 stocks with a net worth of over Rs 6,148.8 crore according to Trendlyne other stocks that are part of his portfolio include India Metals & Ferro Alloys, J Kumar Infraprojects, Neuland Laboratories, Prakash Industries, TAAL Enterprises, Capacite Infraprojects Limited, Delta Corp Limited, Gati Limited and Indo Count Industries Read: Goldman Sachs buys shares worth Rs 50 crore in this smallcap stock via block deal (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
23-05-2025
- Business
- Time of India
Ace investor Mukul Agrawal sells shares worth Rs 1 crore in this smallcap stock. Check details
Ace investor Mukul Mahavir Agrawal sold over 1.3 lakh shares of smallcap stock MITCON Consultancy & Engineering Services for Rs 1 crore via a block deal. The stock was sold at a price of Rs 80.52 a piece. Prior to the block deal, Agrawal held 4,76,187 equity shares in the company as on March 31, 2025 as per the shareholding data available on the NSE. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Today the stock surged over 8% on the NSE to end the session at Rs 88. Play Video Play Skip Backward Skip Forward Mute Current Time 0:00 / Duration 0:00 Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. MITCON Consultancy & Engineering has been a market laggard, witnessing a 24% fall over the past 12 months. This year so far, its shares have fallen by 22%. However, the stock has reversed the trend off-late, gaining 14% over the past one month. MITCON is an Indian Technical Consulting Organization (TCO) offering solutions for technical, marketing & financial business requirements. Live Events The company reported a consolidated net profit of Rs 1.7 crore in Q4FY25 which was up from Rs 1.6 crore reported in the year ago period. The consolidated revenue fell to Rs 39 crore in the January-March quarter versus Rs 42 crore in the year ago period. Agarwal added Jagsonpal Pharmaceuticals to his portfolio in the March quarter buying 1.74% stake in the company. He also added another smallcap stock Sahasra Electronic Solutions to his portfolio in the same quarter. Agrawal publicly holds 60 stocks with a net worth of over Rs 6,148.8 crore according to Trendlyne data. The other stocks that are part of his portfolio include India Metals & Ferro Alloys, J Kumar Infraprojects, Neuland Laboratories, Prakash Industries, TAAL Enterprises, Capacite Infraprojects Limited, Delta Corp Limited, Gati Limited and Indo Count Industries Limited. Also Read: Goldman Sachs buys shares worth Rs 50 crore in this smallcap stock via block deal
News18
23-05-2025
- Business
- News18
BSE Shares Reflect Sharp 67% Fall On Certain Apps; Why Is It Falling Today?
Last Updated: Why BSE Stock Is Falling Today? BSE Share is showing up to 67% fall in some trading apps today as all these the shares turned ex-bonus, adjusting to the corporate action BSE Share Price Crash: Shares of BSE Ltd, a multibagger stock, appeared to crash by up to 67% on certain trading apps today. However, this is a technical adjustment, not an actual plunge in the company's value. The stock turned ex-bonus following the previously announced 2:1 bonus issue, and some platforms are showing unadjusted prices, leading to confusion among investors. BSE announced that eligible shareholders would receive two bonus shares for every one share held, all with a face value of Rs 2. Only investors holding the stock as of the record date, May 23, are eligible for the bonus. Those purchasing the stock on or after the ex-date won't receive bonus shares. As a result of this corporate action, BSE's share price was adjusted accordingly. Shares that closed at Rs 7,015 on Thursday opened at Rs 2,358 on Friday, reflecting the 2:1 bonus. Some apps, still displaying the previous day's price without accounting for the adjustment, showed a misleading 66–67% fall. Post-Adjustment Price Performance Despite the apparent drop, BSE shares actually rose over 2% on Friday, reaching Rs 2,389. This pushed the company's market capitalization to nearly Rs 96,000 crore. From an adjusted high of Rs 2,529.33 on May 20, the stock has slipped about 6%, but it remains up a staggering 240% from its adjusted 52-week low of Rs 705 in July 2024. The company also delivered a stellar financial performance for the recent quarter. Net profit surged 362% year-on-year to Rs 494 crore, reflecting robust earnings growth. Revenue from operations rose by 75% YoY to Rs 847 crore, indicating strong business momentum. Additionally, operating EBITDA, including core SGF, tripled to Rs 594 crore, showcasing significant operational efficiency. EBITDA margins were notably strong at 70%, underlining the company's ability to maintain high profitability despite expanding operations. Major Investor Holding Prominent investor Mukul Mahavir Agrawal held 16,00,000 shares of BSE (1.18% stake) as of March 31, 2025. Following the bonus issue, his holdings will increase to 48,00,000 shares, though his percentage stake will remain unchanged at 1.18%, assuming no change in the overall shareholding structure. First Published: May 23, 2025, 10:27 IST
