167 per cent jump in net profit in this multibagger stock: This small-cap company to trade ex-bonus tomorrow; hits 52-week high!
The stock gave multibagger returns of 245 per cent in just 6 months whereas BSE Small-cap Index is up by 12.99 per cent.
Ddev Plastiks Industries Ltd informed the Board of Directors of the company has approved bonus shares for its equity shareholders in the ratio of 1:10 i.e., 1 (One) Bonus Equity Share of Rs 1 each of the company for every 10 (Ten) fully paid-up equity shares of Rs 1 each held by the shareholder on the record date. The company has set tomorrow, Friday, June 30, 2023, as the record date for the bonus issue of shares.
On Wednesday, shares of Ddev Plastiks Industries Ltd plunged 7.30 per cent to Rs 217 per share from its previous closing of Rs 234.10. The stock also traded at a new 52-week high of Rs 239 per share.
Ddev Plastiks Industries Limited is a leading manufacturer of polymer compounds and its product portfolio consists of PE compounds, PVC compounds, Filler compounds, Master Batches, Footwear compounds, Pipe compounds, Peroxide compounds, etc.
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According to the financials, the company has a market cap of over Rs 2,000 crore. The shares of the company have a PE of 19.61x whereas the industry PE is 27x with a ROE of 23.50 per cent and a ROCE of 32.40 per cent.
The net sales increased by 7.24 per cent to Rs 667.23 crore and net profit skyrocketed by 167.53 per cent to Rs 48.29 crore in Q4FY23 over Q4FY22. The net sales increased by 12.43 per cent to Rs 2,503.75 crore and net profit increased by 90.02 per cent to Rs 104.10 crore in FY23 over FY22.
The stock gave multibagger returns of 245 per cent in just 6 months whereas BSE Small-Cap Index is up by 12.99 per cent. Investors should keep an eye on this stock.