DSIJ Mindshare

According to the financials, the net sales increased by 3.59 per cent and the net profit increased by 127 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 8.15 per cent in FY23 compared to FY22. The company reported a net profit of Rs 4.82 crore in FY23 whereas in FY22 it reported a net profit of Rs 5.76 crore, down by 16.22 per cent.

Additionally, it has consistently maintained a robust dividend payout ratio of 22 per cent, indicating a healthy distribution of profits to its shareholders.

According to the annual results, the net sales increased by 59.45 per cent to Rs 1,126.11 crore and net profit skyrocketed by 128.42 per cent to Rs 95.20 crore in FY23 compared to FY22. The company has a market cap of over Rs 10,000 crore and the current debt of the company is Rs 155 crore.

On Monday, Indian equity markets ended on a negative note

the company has consistently maintained a healthy dividend payout ratio of 36.6 per cent, rewarding its shareholders with consistent returns.