DSIJ Mindshare

The stock is up by 47 per cent in 1 year and over 60 per cent since the stock is listed on BSE & NSE (Listing date: February 18, 2023). The stock has a ROE of 26 per cent and a ROCE of 28 per cent.

The net profit stood at Rs 646.21 crore, witnessing a growth of 30.80 per cent on YoY basis, over FY22.   

The company achieves a milestone with 1,00,000 Royal Enfield export shipments. The Board of the Company approved a dividend of Rs 37 per share declared for FY22-23, totalling Rs 1,011.88 crore (37 per cent of PAT). The Board also approves Rs 1,000 crore capex for FY23-24, including investment in EV manufacturing, product development, and new products.

The company deals in the wholesale trading of various types of coal, including coal from the USA, Indonesia, Domestic coal, petroleum coke, and coal for coking.  

India is looking relatively stronger than the rest of the world both in terms of earning visibility and growth which should make the equity markets outshine, believes Vinay Jaising, MD, Portfolio Management Services of JM Financial Services Ltd