Espresso Shot of the Day - Kabra Extrusiontechnik Ltd up by 5.92 percent

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Espresso Shot of the Day - Kabra Extrusiontechnik Ltd up by 5.92 percent

February 17, 2022
Espresso Shot of the Day - Kabra Extrusiontechnik Ltd up by 5.92 percent

KABRA EXTRUSIONTECHNIK LTD 485.80  (+5.92%) BSE – INE900B01029 | Feb 17, 2022


1962 was the year, when Kolsite Group commenced its operations at a small factory in Tardeo that had a total area of 800 square feet.  Shri SV Kabra left his traditional business and ventured into the plastics Industry. In 1962, the industry was at a very nascent stage, and he decided to venture into processing. While carrying out processing activities, he faced various issues with the machinery which eventually encouraged him to manufacture machinery for plastic extrusion. He visualized, that to grow, technological advancement will be highly crucial. Hence, he strategically decided to enter into a joint venture with Battenfeld Extrusiontechnik (BEX) and India got its 1st High Output twin screw extruder. As the Industry was in the nascent stage, the group began manufacturing machines of low output with the available resources. But with a keen eye on the rapidly changing trends and realizing the potential of the plastic industry, the group entered into joint ventures with the Global players of this field to soon become a leader in Plastic Extrusion Machinery in India. Since then, the company has been known for being the pioneer of various technologically advanced plastic extrusion plants.  The group completed 50 years of its existence and is going strong. 


Recent Drivers

  • On Feb 17, 2022, the company announced that Battrixx will be supplying the advanced range of lithium-ion battery packs with smart batteries designed by BGauss for its range of high-speed e-two-wheelers.
  • On Jan 24, 2022, the company reported Net Sales of Rs.105.36 crores in December 2021, up 69.93% from Rs.62 crores in December 2020.
  • On Jan 24, 2022, the company reported Quarterly Net Profit of Rs.8.76 crores in December 2021, up 50.93% from Rs.5.81 crores in December 2020.
  • On Jan 5, 2022, CRISIL raised the company’s ratings to A Positive from A stable on the long-term Bank facilities and also reaffirmed the company’s Ratings at A1 on the short-term Bank facilities.
  • On Dec 25, 2021, the board of Kabra Extrusion Technik approved a proposal to raise up to Rs.301 crores for the expansion of its future technologies brand Battrixx.
(Sources:,  Business standard, Moneycontrol, Economic Times, BSE)


Technical Force*

  • S&P BSE SmallCap month till date gain up by -4.29%
  • 3 months avg. NSE volume: 116,641
  • Quantity traded: 23,954 | Deliverable quantity: 8,333 (34.79%),
  • Stock price has jumped more than 285% from one-year-low level: 123.25 (Feb 19, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 566.40 | 52-week-low: 123.25


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1015.73

755.37

613.83

353.47

211.93

-

-

     -

Fibonacci Pivot

755.37

601.84

506.99

455.90

353.47

261.03

199.94

105.09

     -


Today’s Close

485.80

SMA

BSE

10 DAY

486.47

20 DAY

497.51

50 DAY

448.61

200 DAY

282.12


Some Key Ratios (Source: BSE)

Market Cap:  1,549.81 Crores

PE: 49.64

OPM%: 15.67

ROE%: 10.89

Promoters holding%: 60.22

Prev. Close: 458.65


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.