DSIJ Mindshare

Talking about the financials, the company have a market cap of Rs 334.39 crore with a PE of 17.60x whereas the sectoral PE is 36.60x. The stock is trading at 0.84 times its book value. Recently the company announced its quarterly results that ended June 30, 2023, where the net sales increased by 6 per cent to Rs 80.30 crore and net profit skyrocketed by 344 per cent to Rs 4.41 crore in Q1FY24 compared to Q1FY23.

The company has a market cap of Rs 132 crore and is almost debt-free, with only Rs 1.61 crore in debt. This represents just 1.22 per cent of its current market cap. The stock gave multibagger returns of 300 per cent in 2 years and over 600 per cent in 3 years.

Shares of the company gained more than 60 per cent in the last six months.

A special purpose vehicle (SPV) will be formed to undertake the project. PC Patel has been in the mining sector for over a couple of decades and has rich experience in handling different kinds of mining contracts.

The company boasts an impressive track record of Return on Equity (ROE) with a commendable 29 per cent over the past 3 years.