DSIJ Mindshare

Shares of the company gained more than 25 per cent in the last six months.

The shares of the company have a PE of 20x, an ROE of 18 per cent and a ROCE of 21 per cent. The net sales increased by 20.80 per cent to Rs 302 crore and net profit increased by 10 per cent to Rs 44 crore in FY23 over FY22.

Quarterly Updates: The net sales increased by 83.85 per cent to Rs 1,267.80 crore, operating profit increased by 199 per cent to Rs 206.22 crore and net profit increased by 184 per cent to Rs 178.13 crore in Q1FY24 compared to Q1FY23.

According to the financials, the company has a market cap of Rs 581.24 crore with a 5-year CAGR of 80 per cent. The net sales increased by 120 per cent to Rs 12.25 crore and net profit increased by 8 per cent to Rs 1.90 crore in H2FY23 over H2FY22. The net sales increased by 226 per cent to Rs 19.79 crore and net profit increased by 1,131.25 per cent to Rs 1.97 crore in FY23 over FY22.

During Thursday's trading, the stock surged by nearly 5 per cent, achieving a fresh 52-week high of Rs 84 on the NSE. Investors should anticipate the company's quarterly earnings report for the period ending June 30, 2023, scheduled for release on Friday.