DSIJ Mindshare

Shares of the company have gained about 50 per cent in the last six months.

IPO Rating: Apply for the long-term    

Shares of the company gained more than 22 per cent in the last six months.

The company has introduced a new plant at our existing Panipat facility dedicated to producing Thermo Plastic Elastomer (TPE). The estimated investment for the project is Rs 2.50 crore.

Talking about the financials, the company has a market cap of Rs 49 crore with a 1-year stock price CAGR of 71 per cent. According to its half-yearly results, the net sales increased by 60 per cent to Rs 41.67 crore and net profit increased by 83 per cent to Rs 1.74 crore in H2FY23 compared to H2FY22.