Amitabh Bachchan Made Enormous Money In An NSE-Listed Smallcap Company

Amitabh Bachchan, a famous actor from Bollywood, made lots of money in a smallcap company that is listed on the NSE and produces wire.

Amitabh Harivansh Rai Bachchan, popularly known as Big B, has reportedly owned 3,32,800 shares, or 2.45% of the company, since September 2018, according to information provided by Ace Equity. DP Wires is the company.

The wiring company's share price increased 4.87 times, or 387 percent, from Rs 74 on September 3, 2018, to Rs 360.35 on March 1, 2023. DP Wires' market capitalization increased from Rs 100.40 crore in September 2018 to Rs 488.92 crore as a result of wise investments in company shares. The stock reached a record high on September 20, 2022, of Rs 502.80.

The Madhya Pradesh-based business produces and supplies steel wires and plastic films, which are used in the infrastructure, oil and gas, power, environment, civil, and energy sectors.

The company makes plastic products that are used to line canals, landfills, highway and road constructions, ponds, tanks, water reservoirs, mining and solution ponds, as well as to prevent corrosion on steel tanks. Wire products are used in construction, bridges, oil & gas, and infrastructure.

At the end of 2022, promoters had a total ownership stake in the company of 70.40%. 8.88% and 8.85% of DP Wires were owned by retail investors and high-net-worth people, respectively.

The company's net sales climbed by 25.70% compounded yearly, or Rs. 613.24 crore, from Rs. 195.38 crore in FY2017.

Net profit, on the other hand, grew at a compound annual growth rate of 42.05% throughout that time. In the aforementioned time period, the company's bottom line increased from Rs 5.02 crore to Rs 29.05 crore.

The company's net sales for the nine months that ended on December 31, 2022, increased by 90.54 percent to Rs 828.67 crore. The same-time period's net profit increased 17.61% to Rs 25.95 crore.

The company's annualised earnings per share increased as well, from Rs 8.88 in the fourth quarter of FY19 to Rs 27.44 in Q3 FY23. According to the company's investor presentation, as of December 2022, it has "nil" net debt.