GHCL Ltd

GHCL hit a new 52-week high on the back of its robust set of numbers for Q4Fy16. On a marginal 1.5% (YoY)rise in net sales at Rs.648 crore, the company posted a net profit at Rs.79 crore, up 55%. EBITDA showed a 8% jump and margins rose 178 bps to 27%.

The company ended FY16 with  a 40% rise in net profit at Rs.257 crore and cash profit doubled in two years to Rs.460 crore. EBITDA for the year rose 19% at Rs.101 crore and margins showed a sharp 242 bps rise to 24.8%.

In textiles, it increased capacity utilization to 83% for FY16, installed 12 MW windmill and expanded in-house stitching capacity. In inorganic vertical, capacity utilization rose to 88% and has initiated capex to expand capacity to 9.5 lakh MT from 8.5 lakh MT.

The company’s debt currently stands at Rs.1238 crore and equity is at Rs.100 crore and EPS stands at Rs.25.75 (FV of Rs.10/share).