3,00,000 Per Cent Returns; 10:1 Stock Split; Rs 500 Crore Fund Raise & 1,505 Crore Order Book: Multibagger Cables & Conductors Manufacturing Hit Lower Circuit Today
The stock gave multibagger returns of 1,700 per cent in just 1 year, 1,55,000 per cent returns in 3 years and a whopping 3,00,000 per cent in 5 years.
On Wednesday, shares of Diamond Power Infrastructure Limited hit a 5 per cent lower circuit to Rs 1,501.50 per share from its previous closing of Rs 1,580.50 per share with a spurt in volume by more than 1.01 times on BSE. The stock’s 52-week high is Rs 1,935.80 and its 52-week low of Rs 85.50.
Diamond Power Infrastructure Limited (DPIL) announced stellar Quarterly Results (Q2FY25) and half-yearly results (H1FY25). According to quarterly results, the net sales increased by 236 per cent to Rs 250.30 crore and net profit increased by 69 per cent to Rs 40 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 218 per cent to Rs 474.16 crore and net profit increased by 161 per cent to Rs 20.56 crore in H1FY25 compared to H1FY24. In FY24, the company reported net sales of Rs 343.37 crore and net profit of Rs 17.02 crore.
Additionally, the Board has considered and approved raising additional capital of up to Rs 500 crore through various instruments like equity shares, convertible or non-convertible securities, warrants, or debt securities. This can be done via preferential issue, private placements, rights issue, or any other permissible method, subject to regulatory and statutory approvals, including shareholder consent. The Board also acknowledged significant milestones, such as NABL accreditation for the in-house testing laboratory and approvals from the Indian Army, Military Engineering Services, and Indian Air Force. The company has secured notable orders from defence companies and export orders from Bhutan. Furthermore, the Board has given preliminary approval for the acquisition of assets from Syska Mitter Private Limited.
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Earlier, the Board of Directors has approved and recommended for the subdivision of one equity share of face value Rs 10 each into 10 equity shares of face value Re 1 each. This subdivision is being done to enhance liquidity in the capital market, widen the shareholder base, and make the shares more affordable and accessible to small and retail investors. The expected time for this subdivision is within three months from the date of shareholder approval. The record date for the subdivision/stock split will be intimated in due course after obtaining approval from the equity shareholders of the company in an extraordinary general meeting.
Diamond Power Infrastructure Limited (DPIL) is a veteran in India's cables and conductors’ industry, boasting a strong foothold as one of the nation's fastest-growing Fast Moving Electrical Goods (FMEG) companies. With a consolidated turnover of Rs 343 crore, DPIL holds the distinction of being India's largest single-location power cables and conductors manufacturer, operating five Continuous Casting and Rolling (CCV) lines and possessing an installed capacity exceeding 250,000 MTPA for conductors. The company is at the forefront of delivering robust, innovative, and energy-efficient solutions to a diverse clientele.
The outstanding order book position of the company stands at Rs 1,505 crores as of date. The stock gave multibagger returns of 1,700 per cent in just 1 year, 1,55,000 per cent returns in 3 years and a whopping 3,00,000 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.