Ashish Kacholia portfolio FMCG stock rallies 9% after Q4 PAT jumps 129% YoY

Megastar Foods is a small cap FMCG company that recorded a market cap of ₹286.21 Cr during Friday's closing session. In India, the company is a well-known manufacturer and seller of wheat flour, organic wheat flour, and related products. Following a 129% YoY rise in Q4 net profit, Megastar Foods stock closed the day up by 9%. 

The company has reported a total income of Rs.114.56 crores during the quarter ended March 31, 2023 as compared to Rs.52.53 crores during the quarter ended March 31, 2022, logging a YoY jump of 118.08%. During Q4FY23, the company recorded a net profit of ₹3.97 Cr up by 129.52% YoY from ₹1.73 Cr in Q4FY22. During the quarter under review, the EPS of Megastar Foods stood at ₹3.97 up by 128.16% YoY from ₹1.74 in the year-ago quarter. 

During the financial year ended FY23, the net income of the company reached Rs 304.40 Cr up by 64.30% YoY from ₹185.27 Cr in FY22. During FY23, the company’s net profit stood at ₹10.08 Cr up by 84.90% YoY from ₹5.45 Cr in FY22. Megastar Foods said its EPS reached Rs 10.08 in FY23 up by 83.27% YoY from ₹5.50 in the year ended FY22.

The shares of Megastar Foods closed today on the BSE at ₹286.10 apiece up by 9.83% from the previous close of ₹260.50. The stock touched a 52-week-high of ₹302.95 on (04/11/2022) and a 52-week-low of ₹134.75 on (20/06/2022). During Q4FY23, the company recorded a promoter shareholding of 68.39% and a public stake of 31.61%. As per the shareholding pattern of Megastar Foods for the quarter ended March 2023, ace investor Ashish Kacholia held 1,12,968 shares of Megastar Foods which is 1.13 per cent of total paid up capital of the company.