Shares of Pondy Oxides & Chemicals Ltd rallied nearly 9% on Friday, hitting a new 52-week high of Rs. 1,238.55. The stock gained 8.75% intraday, outperforming the non-ferrous metals sector by 7.9% and setting a new milestone for the small-cap player.
The company’s strong financial metrics have underpinned the rally. Pondy Oxides reported a Debt to EBITDA ratio of 0.86 times, reflecting a healthy debt-servicing capacity. Its operating profit growth stood at 31.47% over the past year, while the latest quarterly results showed a sharp 54.45% increase.
Net sales for the first nine months reached Rs. 1,635.69 crore, a 29.32% rise compared to the previous period. Profitability has remained strong, with PAT at Rs. 55.01 crore, growing 56.99%, and the company has delivered positive results for five consecutive quarters.
Additionally, cash and cash equivalents have climbed to Rs. 40.03 crore, their highest level, highlighting robust liquidity. With this consistent track record, Pondy Oxides & Chemicals has cemented its position as a strong contender in the non-ferrous metals industry.
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