70,000 Per cent Multibagger Return in Just 1 Year: Power Cable and Conductor Manufacturer Secures Rs 40.12 Crore Order from Larsen & Toubro!
The company’s shares have delivered a multibagger return of around 2,06,400 per cent in the past 3 years.
This Small-Cap company is one of India’s oldest manufacturers of cables and conductors and is among the fastest-growing companies in the Fast-Moving Electrical Goods (FMEG) sector, with a consolidated turnover of Rs 343 crore. DPIL is the largest single-location manufacturer of power cables and conductors in India, boasting five CCV lines and an installed capacity of over 250,000 MT per annum for conductors. The company is recognized for delivering robust, innovative, and energy-efficient products to a diverse customer base.
Diamond Power Infrastructure Limited has received a Letter of Intent from Larsen & Toubro Limited (Construction) valued at Rs 40.12 crore (inclusive of GST). The order is for the supply of AL 59 Zebra Conductors—New Generation Aluminum Alloy Conductors, to be provided on a “Kms rate” basis with a PV formula. The work is scheduled for completion by June 2025.
At the start of On Wednesday's trading session, the share of Diamond Power Infrastructure Limited opened at Rs 1445.50 per share, compared to the previous day's closing figure of Rs 1475 per share on the BSE. Finally, the shares closed at Rs 1445.50 per share. The stock has hit a lower circuit. The company's current market capitalization stands at Rs 7617.37 crore, and the stock has generated an impressive multibagger return of around 2,06,400 per cent in just 3 years.
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The company announced its Q1 FY25 recently, as per the Quarterly Results, in Q1 FY25, Diamond Power Infrastructure Limited recorded a revenue of Rs 224 crore representing a gain of around 201 per cent compared to Rs 74 crore in Q1 FY24. The operating profit for Q1 FY25 stood at Rs 24 crore compared to Rs 11 crore representing an operating profit margin of 11 per cent. The net profit for Q1 FY25 was Rs 17 crore compared to Rs 6 crore representing a gain of over 180 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 343 crore in FY24. The operating profit for FY24 was Rs 43 crore with a net profit of Rs 17 crore.
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According to the shareholding pattern of Diamond Power Infrastructure Limited, promoters own a 90 per cent stake, while public investors hold 9.93 per cent. Foreign Institutional Investors (FIIs) hold a 0.08 per cent stake.
Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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