Shares of GMM Pfaudler were trading ex-dividend on the BSE in Friday’s trading session, a day before the record date for its final dividend of ₹1 per share. The stock was trading with a gain of about one per cent. 1,967 per share.
The company announced last month that it has set Monday, September 12, 2022, as the record date for the purpose of the AGM and to determine eligible members. Dividend On equity shares, if approved at the AGM. Accordingly, the Register of Members and the Share Transfer Book shall remain closed from Tuesday, September 13, 2022 to Monday, September 19, 2022 (both days inclusive).
For the first quarter ending June 2022 (Q1 FY23), the company reported a 34% growth in its revenue and its EBITDA margin increased to 13% due to better performance in international business, and improvement in its order intake. managed to do. 24%.
“Our focus on execution and cost control has helped us achieve a strong Q1 performance, where we grew revenue and improved margins. We recorded significantly higher order intakes this quarter, adding to our backlog and placing us in a strong position for the quarters to come. Commodity prices have moderated in the past few months, but energy costs remain a cause for concern.”
The company recently announced the acquisition of a 100% stake in Hydro Air Research Italia Srl, based in Milan, Italy, for a total consideration. 38 crores. The transaction is funded through internal sources and completed in August 2022.
“The company has completed 7 acquisitions over the past 5 years to enhance its manufacturing capacity and grow imminently to gain more wallet share from existing customers. Despite these acquisitions and a 100% stake purchase of Pfaudler’s global business, its net debt to EBTIDA is 1.2x, as cash flow has improved significantly over the past 2 years. We expect the company to post sales/adjusted EPS CAGR of 15%/36% over FY22-25E. 22 bn,” brokerage JM Financial said in a note on GMM Pfaudler this week.
GMM Pfaudler Ltd is a leading supplier of critical process equipment and systems to the global chemical and pharmaceutical industries. The chemical stock is up about 17% so far in 2022 (year-to-date or YTD).
Well-known money manager Saurabh Mukherjee is the Founder and Chief Investment Officer of Marcellus Investment Managers. GMM is part of Pfaudler Marcellus Investments’ Little Champs portfolio.
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