DSIJ Mindshare

The manufacturing unit in MP is expected to turn profitable in the forthcoming financial year, offsetting initial costs incurred in training a large number of employees and bringing them to productive levels. Furthermore, the fabric processing unit in Tamil Nadu is in advanced stages of completion, with expectations of trial production in Q4 2024.

The shares of the company have a PE of 8x whereas the sectoral PE is 20x with an ROE of 85.9 per cent & an ROCE of 83.8 per cent.

The catalyst behind this remarkable surge in FIIs' shareholding is none other than Aegis Investment Fund Pcc, a Mauritius-based entity with a penchant for long-term investing. Aegis targets small and mid-sized companies, both listed and unlisted, with a minimum operational history of two years.

The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 4,970 per cent in 3 years.

Shares of this company have given more than 80 per cent returns in the last one year.