DSIJ Mindshare

According to the annual results, the net sales increased by 11.36 per cent to Rs 16.72 crore and net profit increased by 201.73 per cent to Rs 0.70 crore in FY23 over FY22. Additionally, the company announced bonus shares in the ratio 1:2 to its shareholders as of the record date. The ex-bonus date was Wednesday, May 03, 2023.

As of June 2023, the promoters own the majority of the company's shares, with a 55.17 per cent stake. FIIs own a tiny fraction of the shares, at just 0.02 per cent. The remaining 44.81 per cent of the shares are owned by the general public.

The net sales increased by 103.78 per cent and net profit increased by 77 per cent in Q4FY23 over Q4FY22. The net sales increased by 42.21 per cent and the net profit skyrocketed by 127.34 per cent in FY23 over FY22. The stock has a PE of 10.04x and a ROE of 47.81 per cent.

Commenting on the Q1FY24 Performance earlier, the Management added, "We are pleased to announce the remarkable financial results for the Q1FY24, which demonstrate our continued commitment to growth, efficiency, and value creation. We have achieved significant improvements YoY in revenue, EBITDA, EBITDA margins, and profit after tax, reflecting the success of our strategic initiatives and the dedication of our team."

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