The shares of the company have a PE of 17x whereas the industry PE is 33x with an ROE of 75 per cent and an ROCE of 99 per cent.

According to the annual results, the net sales increased by 7 per cent to Rs 3,125.55 crore and the net profit increased by 24.46 per cent to Rs 137.32 crore in FY23 compared to FY22.

The company has a very strong financial position, with very little debt. Its current debt of Rs 0.64 crore is only 0.5 per cent of its market capitalization, which means that the company is essentially debt-free. Additionally, the company reported positive numbers in its half-yearly results and annual results.

The company has been maintaining a healthy dividend payout of 60.8 per cent with a dividend yield of 8.53 per cent.