DSIJ Mindshare

According to the consolidated quarterly results, the net sales increased by 2 per cent to Rs 15,003 crore (due to higher sales across Distribution Companies and capacity addition in renewables), EBITDA increased by 43 per cent to Rs 3,005 crore and the net profit increased by 29 per cent to Rs 1,141 crore in Q1FY24 compared to Q1FY23.

The company has a market cap of Rs 362 crore. The company reported positive numbers in its quarterly results and annual results. In FY23, the company ex-traded bonus shares in the ratio of 2:1 and stock split from a face value of Rs 10 to a face value of Rs 1.

According to the quarterly results, the net sales increased by 54.79 per cent to Rs 189.36 crore and the net profit increased by 49.59 per cent to Rs 33.26 crore in Q1FY24 compared to Q1FY23. The net sales increased by 179.98 per cent to Rs 643.79 crore and the net profit increased by 153.5 per cent to Rs 109.63 crore in FY23 compared to FY22.

Shares of the company have jumped more than 80 per cent in the last one year.

The stock has an ROE of 42 per cent and a ROCE of 32.1 per cent with a 5-year stock price CAGR of 40 per cent. An ace investor, Ashish Kacholia owns 2.15 per cent skate in the company as of June 2023.