DSIJ Mindshare

According to the half-yearly and annual financial statements, the firm reported positive results. In H2FY23 net sales increased by 44.12 per cent and net profit increased by 12.50 per cent compared to H2FY22. The net sales increased by 66.85 per cent and net profit increased by 60 per cent in FY23 over FY22. The stock has a ROE of 25 per cent and a ROCE of 27 per cent.

The company is expanding its business and also execution of orders has consistently increased during the last two quarters while being at the forefront of the government scheme rollout for smart metering. The net sales increased by per cent to Rs 1,262 crore and net profit skyrocketed by per cent to Rs 30 crore in FY23 over FY22.

The company has a market cap of over Rs 22,000 crore with a 3-year stock price CAGR of 62 per cent. The shares of the company have a PE of 10.21x and an ROE of 437.16 per cent. As of May 30, 2023, the cumulative order book stands at 1,542 MW. This includes the order book as on March 31, 2023, of 652 MW plus orders secured subsequently of 890 MW.

The stock has witnessed heavy buying as it has given multibagger returns of 370 per cent returns in just 3 years

GMR Power and Urban Infra Limited (GPUIL), a subsidiary of GEPL holds expertise in the sectors of energy, urban infrastructure, and transportation. The company has a market cap of over Rs 1,300 crore. The net sales increased by 34.70 per cent to Rs 5,525 crore and net profit skyrocketed 275 per cent to Rs 1,139 crore in FY23 over FY22.