Major promoters holding shares worth less than Rs 500

Major promoters holding shares worth less than Rs 500: If there are stakes in the game, the stakes are higher. Let us take a look at some companies whose high promoter stake and affordable prices make it possible to buy quality shares by sharing your trust.

Here, we take a look at the top promoters holding stocks under Rs 500, their business details, financials, future prospects, and more.

Major promoter holding shares below Rs 500 #1- Sumitomo Chemical India

The company was founded in 1913 as Japan-based Sumitomo Chemical Co. Ltd. (SCC) was established as a subsidiary. The parent company (Sumitomo of Japan) holds a 75% stake, the remaining 16.98% is held by the public, 2.51% by FIIs, and 5.51% by DIIs.

They are engaged in the production and trading of products for crop protection, household pesticides, animal nutrition and fumigants.

Since the company is engaged in general and chemical specialties, its business is seasonal and fluctuates depending on climatic factors in agriculture. Recently, their revenue has increased significantly from 25% to 29% in the specialty segment, with the general segment contributing over 70% of the revenue.

Sumitomo earns most of its revenue domestically (80% to 86%), 4% to 7% from Latin America, and 13% to 14% from other regions. Exports accounted for nearly 25% of revenues and varied across geographical segments. They aim to expand their exports and reach more countries.

The company reported revenue of ₹3,510.97cr in FY23 compared to ₹3,061.22cr in FY22, increasing revenue by 14.69% and net profit increased by 18.57% to ₹502.21cr from ₹423.55cr in FY22. The increase in net income is due to an increase in other income and a decrease in interest expense.

Major promoters holding shares worth less than Rs 500 #2 – Hotels related to EIH

The hotel is the epitome of hospitality in India. The company was founded in 1983 as Pleasent Hotels Ltd, later renamed EIH Associates Ltd in 1989. The company is 75% owned by Oberoi Group and Family, the remaining 13.75% by FIIs and 11.25% by Public.

The company’s business segment is hospitality, and it generates revenue from eight hotels in India, including two hotels operated by Oberoi Hotels and six hotels operated by Trident Hotel Group.

Revenues are comprised of 65% rooms, 30% food and beverage, and 5% other services. With the opening of the new airport, the room occupancy rate increased, and the increase in per capita led to the growth of luxury hotels.

In FY23, the company reported revenue of Rs. 42% increase from Rs.195.19 cr in FY22 to 337.07 cr. Net profit increased by 401% from Rs.12.88 cr in FY22 to Rs.64.62 cr in FY23. Net profit growth is volatile as the business fluctuates cyclically, and revenue growth is exceptional due to the opening of the economy following the initial lockdown.

Major promoters holding shares worth less than Rs 500 #3 – Bikaji Food International

Snacking can help you overcome boredom just by munching on something delicious. Bikaji Foods was founded in 1993 by Mr. Shiv Ratan Agarwal. The promoters hold 75.21% stake in the company, the remaining 13.55% are held by DIIs, 7.02% by FIIs and 4.22% by general corporates.

The company earns its revenue from food products such as Ethnic Snacks, Packaged Snacks, Papads and Western Snacks, with geographical segments comprising Domestic – 97% to International – 3%.

Bikaji is looking forward to promoting the brand through marketing through social media, film sponsorships, gaining market share through distributor engagement, launching more products in the pipeline and expanding its business by expanding its presence across India. north.

In FY23, Bikaji recorded revenue of Rs.1,966.07 cr, up 22% from Rs.1,610.96 cr in FY22. Net profit in FY23 increased by 66.51% to Rs.126.60 cr from Rs.76.03 cr in FY22. The increase in net profit was driven by an increase in operating profit margin from 8.7% in FY22 to 10.9% in FY23.

Major promoters holding shares worth less than Rs 500 #4 – Nippon Life India Asset Management

Mutual Fund Sahi Hai! This term has always appeared in advertising and marketing campaigns aimed at encouraging more people to invest in mutual funds. One of the beneficiaries is Nippon Life India Asset Management. The company was founded in 1995. As of March 31, 2023, the AUM is Rs.3,62,981 cr and the mutual fund AUM is Rs.2,86,873 cr. Promoter shares are held by Nippon Life Insurance Co with 73.47%, followed by DII with 14.57%, public with 6.90% and FII with 5.06%.

Nippon earns 97.7% in management fees and 2.21% in portfolio management fees as of FY23. India is one of the least penetrated markets with AUM to GDP of 14%. This is much lower than the global average of 60%, as companies need to gain market share and increase awareness among the general public through upselling methods. The public invests.

Nippon reported Rs. 1,349.82 cr in FY23, up 3.3% from Rs. 1306.63 cr in FY22. Their net profit increased from Rs.743.36 cr in FY22 to Rs.722.93 cr in FY23, showing a decline in growth of 2.74%. SEBI’s fee cap is the reason for low revenue growth and the only way to increase profits is to expand the customer base.

Major promoters holding shares worth less than Rs 500 #5 – Kansai Nerolac

Colors can have a calming effect on the mind. Increases productivity, vitality and creativity. Kansai Nerolac was founded in 1920. Initially it was called Gahagan Paints & Varnish, but over the years the name changed as promoters changed. Kansai Paint of Japan holds 74.99% of the promoter shares, followed by DII holding 12.30%, general holding 8.5%, and FII holding 4.21%.

As a result of the government’s plan to blend ethanol into gasoline, Nerolac’s business will be able to grow by taking advantage of lower paint raw material costs, and the launch of new product lines will enable it to increase revenue in its decorative segment.

In FY23, the company reported revenue of Rs. 7,542.73 crore, up from Rs. 6369.35 crore in FY22. Sales increased by 19% compared to the same period last year due to the discount effect, and sales increased by 15.85% compared to the same period last year. Revenues are derived entirely from the core business.

Net profit increased by Rs 468.47 cr. 343.15 cr in FY22 to Rs. 468.47 cr i.e. 36.52% in FY23. The increase in operating margin led to an increase in net profit, driven by improvements in the automotive and decoration businesses.

List Major promoters holding shares worth less than Rs 500

The list below includes some of the high promoter stakes under Rs 500.

conclusion

Let’s conclude with a brief look at the five companies above. There are many more hidden gems in the stock market treasure trove. Continue researching on your own or with a financial advisor until you’re comfortable picking stocks. Let us know your views on the company in the comments section below.

Written by Santosh

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