Ashish Kacholia-backed Vishnu Chemicals outshines BSE Sensex; returns 100% on YTD basis

Vishnu Chemicals Limited shares touched an upper circuit of 5 per cent for the third straight session on Wednesday and has almost doubled in the year-to-date (YTD) period. The multibagger stock hit a new record high today to touch Rs 1680.45 per share on the BSE in the otherwise volatile market. 

This Ashish Kacholia-owned chemical company is a pure play manufacturer of high-performance specialty chemicals.

The stocks has seen a spurt of over 100 per cent after the company reported strong earnings for the quarter and nine months ended December 2021. In contrast, the S&P BSE index gained around 1 per cent during the same period. 

The counter has gained around 96 per cent in YTD as compared to over 2 per cent fall in the S&P BSE Sensex and zoomed over 517 per cent in one year versus 15.5 per cent rise in the benchmark index. 

Ace investor Ashish Kacholia, who is fondly known as Big Whale of the Indian stock market, owned 575,000 equity shares or 4.81 per cent stake in Vishnu Chemicals, according to the December 2021 shareholding pattern data available on the BSE. 

Kacholia trimmed 0.1 per cent stakes in this small-cap chemical company to 4.8 per cent during the December-ended quarter. The ace investor holds 34 stocks in his portfolio with a combined net worth of over Rs 1,929.7 crore, as per the stock analysis website trendline.com. 

The company posted highest ever consolidated quarterly performance across all meterics during the December quarter. Its revenues stood at Rs 299 crore, and profit after tax (PAT) at Rs 25 crore and EBITDA (earnings before interest, taxes, depreciation, and amortization) at Rs 46 crore.  

The company’s revenue and EBITDA (earnings before interest, taxes, depreciation, and amortization) more-than-doubled from its previous year quarter, while PAT zoomed 568 per cent year-on-year (YoY) in third quarter of the financial year 2021-22.