Ace Investor: One of India's well-known investors and top diamond merchants - Dilipkumar Lakhi doubled his stake in this micro-cap granite export company

Dilipkumar Lakhi has increased his stake from 6% to 12% in the company.

Dilipkumar Lakhi is among the top investors in India. He is also involved in the business of manufacturing and export of diamonds. The group is among the top diamond exporters of India.

As of July 21, he publicly holds 11 stocks with portfolio size worth Rs 632.7 crore. His style is to invest in less popular sectors. Religare Enterprises Ltd, Welspun Specialty Solutions Ltd, Welspun Enterprises Ltd, NXTDigital Ltd, and Premier Explosives Ltd are the top holdings of Dilipkumar Lakhi.

According to June quarterly filings, he has doubled his previous position in Aro Granite Industries Ltd. He increased his stake from 6% to 12% in the company.

Incorporated in 1988, the company is the largest processed granite exporter from India. The company exports in more than 50 countries with two 100% EOU plants located in the states of Tamil Nadu and Rajasthan. Export Oriented Unit (EOU) is a government of India export promotion system that offers an internationally competitive duty-free environment as well as improved infrastructural facilities for export production. The company also has been awarded with ‘star export house’ certificate from the ministry of commerce and Industry. 

The company belongs to BSE group ‘B’ and has a small market capitalization of around Rs 74 crore. 

Talking about financials, the company has showcased decline in revenue and net profit number. The 5-year sales and revenue growth were recorded at -1% and -7%, respectively. As per March FY22 period ending, the company has an ROE and ROCE of 4.64% and 4.97%, respectively. 

Talking about shareholding pattern of the company, the promoter holds 41.06%, Indian government holds 1.12%, FIIs own 0.06%, while the rest 57.76% is owned by non-institutional investors. 

On July 21, at 11:15 am, the shares of Aro Granite Industries are trading 1.84% higher, at Rs 47.95 with a PE multiple of 8.32x.