DSIJ Mindshare

The shares of the company have a ROE of 26 per cent and a ROCE of 32.80 per cent. The company reported amazing numbers in its quarterly results and annual results and has been maintaining a healthy dividend payout of 38 per cent.

According to the quarterly results, the net sales increased by 154.38 per cent to Rs 18.01 crore in Q4FY23 compared to net sales of Rs 7.08 crore in Q4FY22. In FY23, net sales increased by 173.60 per cent to Rs 42.48 crore and net profit skyrocketed by 145.03 per cent to Rs 0.22 crore compared to FY22. The EPS for FY23 stood at Rs 0.21.

This achievement demonstrates the commitment of Air India group, IOCL, and Praj Industries, with the support of the Ministry of Civil Aviation and the Ministry of Petroleum and Natural Gas, to develop and promote indigenous solutions for sustainable aviation.

The shares of the company have a ROE of 35 per cent and a ROCE of 38 per cent.   

Talking about the financials, this company has a market cap of Rs 164.68 crore with 3 years CAGR of 110 per cent.