DSIJ Mindshare

The shares of the company have a PE of 12.80x, a ROE of 17.37 per cent and a ROCE of 15.74 per cent. The stock is up by 45 per cent in just 1 year and generated multibagger returns of over 140 per cent in 3 years.

The stock is hitting back-to-back 52-week highs in the recent trading sessions. The shares of the company have a PE of 11x whereas the industry PE is 33.60x.

The net sales increased by 7.24 per cent to Rs 667.23 crore and net profit skyrocketed by 167.53 per cent to Rs 48.29 crore in Q4FY23 over Q4FY22. The net sales increased by 12.43 per cent to Rs 2,503.75 crore and net profit increased by 90.02 per cent to Rs 104.10 crore in FY23 over FY22.

The President of India (Government of India) holds a 51.34 per cent stake in the company as of December 2022. The stock has a PE multiple of 11.38 whereas the sectoral PE multiple is 36.80 with an ROE of 20 per cent.

As per the financial report, there was a significant increase in net sales by 76.73 per cent and net profit by 117.96 per cent in Q4FY23 compared to Q4FY22. Similarly, in FY23, the net sales grew by 78.40 per cent and net profit increased by 83.64 per cent compared to FY22.