Ashish Kacholia has bought 5,06,400 shares (5.07 per cent stake) of QUALITEK LABS LTD as of March 2025.
As per the website of Qualitek Labs, it is a NABL ISO / IEC 17025: 2017 accredited laboratory company established in 2018 by industry professionals with over a decade of experience, offers comprehensive testing, inspection, certification, homologation and audit services. With a deep understanding of industry challenges, their expert team provides innovative, leading-edge solutions to the automotive, electrical, aerospace and allied industries through their state-of-the-art infrastructure facilities located in Pune and Bhubaneswar, with ongoing expansion to Noida. Their services extend beyond these core sectors to include defence, metals & metallurgy, environment and water, minerals, food & agriculture and pharma & healthcare.
As per the financial statements, Qualitek Labs reported net sales of Rs 37.62 crore and net profit of Rs 4.01 crore in FY24. The shares of the company have a PE of 66x, an ROE of 20 per cent and an ROCE of 17 per cent. The company has a market cap of Rs 265.65 crore and has a good return on equity (ROE) track record: 3 Years ROE 30.1 per cent. The stock is up by 85 per cent from its 52-week low of Rs 144 per share.