Small-cap marvel: multibagger stock skyrockets over 7 per cent, delivering a whopping 247 per cent returns!
Over the last five years, the company has generated a good profit growth of 33.1 per cent CAGR.
On Friday, the shares of Dynamic Cables Limited surged 7.25 per cent to trade at a new 52-week high of Rs 368.50 per share on BSE. The scrip witnessed an impressive spurt in volume by more than 1.11 times. The intraday high and low are Rs 368.50 per share and Rs 344.20 per share, respectively on BSE.
The consolidated financial results of Dynamic Cables Limited for Q4FY23 reported total sales of Rs 178.46 crore and witnessed a surge of 3.35 per cent YoY basis from last year same quarter. In similar fashion operating profit increased by 22.84 per cent from corresponding quarter last year to Rs 18.98 crore. PAT (profit after tax) increased by 17.68 per cent from March 2022 quarter to report Rs 9.98 crore.
Correspondingly, consolidated financial statements for FY23 reported its total sales of Rs 669 crore, up by 18.61 per cent over FY22. Operating profit stood at Rs 63 crore, up by 5 per cent compared to previous year. Net profit of the company remained unchanged as compared to FY22 to Rs 31crore.
Over the last five years, the company has generated a good profit growth of 33.1 per cent CAGR.
Dynamic Cables Ltd. manufactures power infrared cables such as LT, HT, EHVC, power control and instrumentation cables, flexible and industrial cables, solar cables, and railway signalling cables. It provides cables to government distribution providers, private distribution companies, private EPC contractors, industrial and export clients. The company has three manufacturing sites in Jaipur and Reengus. The company's operations are administered through a corporate headquarters in Jaipur and five regional sales offices spread across India.
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The stock has gained momentum in last 1 year as it has given multibagger returns of more than 247 per cent. Investors to keep close eye on this multibagger Small-Cap cables - electricals stock.