DSIJ Mindshare

In Q4FY23, the company witnessed a significant increase in net sales, rising by 38.01 per cent to reach Rs 145.05 crore compared to Q4FY22. Similarly, in the entire FY23, net sales experienced robust growth of 41.50 per cent and reached Rs 473.55 crore, surpassing the figures of FY22.

The company recently implemented a trading phase involving ex-bonus shares traded at a ratio of 1:3 and an ex-stock split at a ratio of 10:1 for equity shareholders, with the record date set on Monday, June 05, 2023. This strategic move reflects the company's efforts to enhance shareholder value and expand its investor base.

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The shares of the company saw a spurt in volume by more than 13.26 times on BSE. The stock is up by 75 per cent in just 1 year and gave multibagger returns of over 350 per cent in 3 years.

The company reported positive numbers in its quarterly results and annual results. The net sales increased by 6.56 per cent to Rs 65 crore and net profit increased by 20 per cent to Rs 12 crore in Q4FY23 over Q4FY22. The net sales increased by 21.31 per cent to Rs 222 crore and net profit increased by 33.33 per cent to Rs 36 crore in FY23 over FY22.