According to the financial, the company reported positive numbers in its quarterly results and annual results. The stock has a ROE of 39 per cent and a ROCE of 49 per cent. The promoter’s holding is 70 per cent and the rest is owned by FIIs and the public as of March 2023.

The net sales increased by 1,345 per cent to Rs 33.98 crore and net profit skyrocketed by 2,414 per cent to Rs 1.92 crore in Q4FY23 over Q4FY22. The net sales increased by 918 per cent to Rs 506.62 crore and net profit skyrocketed by 1,047 per cent to Rs 2.01 crore in FY23 over FY22.

The stock delivered a multibagger return of 135.38 per cent in just six months, while the BSE Sensex gained only 17.84 per cent.

Nifty closed higher for the fifth consecutive day as it gained about 0.54 per cent. Sensex jumped over 285 points while Nifty Midcap and Nifty Smallcap rose over 1.38 per cent & 0.77 per cent, respectively.