Among the investments in large investor Dheeraj Kumar Lohia's portfolio, textile bags company Rishi Techtex is one of the standouts, with a 254% increase in share price over the last one year. Mr. Lohia has invested Rs. 92 lakhs in the company, holding 1.88%.
Rishi Techtex had delivered respectable results in the most recent quarter. Net profit of Rishi Techtex rose 10.14% to Rs 0.76 crore in the quarter ended March 2017, compared to Rs 0.69 crore for the same quarter last year. Sales declined 12.29% to Rs 14.42 crore in the quarter ended March 2017 as against Rs 16.44 crore for the same quarter in FY'16.
For the full year, the company's net profit rose 36.57% to Rs 2.39 crore YoY. The company in addition to textile bags also provides shades and coverings for farms, greenhouses as well as for temporary warehousing and storage.