Wim Plast hits a new high

By Research Desk
about 9 years ago

Wim Plast, the maker of “Cello” brand of plastic extruded  and moulded articles has been hitting consistently new 52-week highs every day since 28th July and today too, it hit a new high at Rs.2649 with some 1.5 times jump up in volumes.

The company has got its shareholders and the markets thrilled. A good Q1FY17 performance and a liberal bonus.

On a total income of Rs.15% (YoY) at Rs.99 crore and on this, net profit came in at Rs.13 crore, up 44%. EBITDA for the quarter came in at Rs.23 crore, up 42% and margins spiked up from 18.5% to 22.8%.

The company has also declared a liberal 1:1 bonus. This means, the equity capital which now stands at Rs.6 crore, will double up to Rs.12 crore.

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