DSIJ Mindshare

Overall, the market sentiment appeared positive as 1048 stocks were advancing compared to 792 stocks declining. This suggests a generally optimistic outlook in the broader market.

Ambika Cotton Mills is a well-performing company with a strong financial profile. The company has a market capitalization of Rs 880 crore and its stock price has grown at a CAGR of 33 per cent over the past 3 years. The shares of the company have a PE of 7.85x and a ROE of 15 per cent. Additionally, the company is almost debt free and has been maintaining a healthy dividend payout of 19.50 per cent.

Quarterly Results: The net sales increased by 22.87 per cent to Rs 405.05 crore and net profit increased by 77.51 per cent to Rs 52.24 crore in Q1FY24 over Q1FY23. Half-yearly Results: The net sales increased by 20.51 per cent to Rs 772.96 crore and net profit increased by 80.15 per cent to Rs 95.59 crore in H1FY24 over H1FY23.

Shares of the company have gained more than 30 per cent in the last six months.

Order book: As of March 31, 2023, the order book reached an all-time high of Rs 45,918 crore including an L1 position of Rs 4,000 crore. The orders include significant & strategic business wins in T&D in domestic as well as international markets and expanded civil business in international markets