DSIJ Mindshare

In the broader market, around 1411 stocks are advancing, indicating a positive sentiment, compared to 413 stocks that are declining.

The debtor days have improved from 49.3 to 31.7 days. The shares of the company have a PE of 13.80x whereas the industry PE is 36.40x with a ROE of 17.92 per cent.

According to the annual results, the net sales increased by per cent to Rs 1,583 crore and net profit increased by per cent to Rs 130 crore in FY23 compared to FY22. The EPS for FY23 stood at Rs 60.66. The scrip has a PE of 14.70x, a ROE of 20 per cent and a ROCE of 21.60 per cent.

Recently, The Board of Directors of the company have recommended and approved the bonus Issue of equity shares in the proportion of 1 equity share of Rs 1 each for every 2 Equity Shares of Rs 1 each held by shareholders of the company as on the record date. The share ex-record date was Wednesday, June 19, 2023.  

Shares of the company have gained more than 100 per cent in the last one year.