400 per cent returns: This multibagger small-cap company reports a 164 per cent jump in net profit after bonus issue!
The stock gave multibagger returns of 150 per cent in just 6 months whereas BSE Small-cap Index is up by 26.03 per cent.
Ddev Plastiks Industries Ltd, 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. The company announced its Quarterly Results ended June 30, 2023. Details below:
Standalone Financial Highlights for the Q1FY24:
- Net sales stood at Rs 638.10 crore, up 18.80 per cent compared to Q1FY23.
- Operating stood at Rs 61.34 crore, up 95.97 per cent compared to Q1FY23.
- Profit before tax stood at Rs 50.78 crore, up 163.38 per cent compared to Q4FY23.
- Profit After Tax of Rs 37.81 crore, up 164.04 per cent compared to Q4FY23.
- The EPS for Q1FY24 is Rs 4.02.
According to the standalone annual results, the net sales increased by 12.43 per cent to Rs 2,503.75 crore and the net profit increased by 90.02 per cent to Rs 104.10 crore in FY23 over FY22. The EPS for FY23 stood at Rs 11.07. The company has a market cap of over Rs 2,200 crore.
In the current financial year, the company ex-traded bonus issue of shares 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’s bonus issue of shares took effect on June 30, 2023.
Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now
On Monday, shares of Ddev Plastiks Industries Ltd jumped 15.81 per cent to make a new 52-week high of Rs 219 per share from its previous closing of Rs 190.15. At the closing bell, shares of the company were trading at Rs 216.10 per share, up 13.65 per cent with a spurt in volume by more than 5.78 times on BSE.
The stock gave multibagger returns of 150 per cent in just 6 months whereas BSE Small-Cap Index is up by 26.03 per cent. In the last 1 year, the stock gained over 400 per cent. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.