1,000 per cent returns in just 3 years: This multibagger stock reports robust Q1FY24 results!

The company has delivered stellar returns of 140 per cent over the past year and whopping returns of 1,058 per cent over the past 3 years.

Deep Industries Ltd (DIL) is a prominent leader in the energy sector, offering a wide range of specialized services. Their expertise includes Air & Gas Compression Services, Drilling and Workover Services, and Gas Dehydration Services, along with Integrated Project Management Services.

DIL has established itself as a "One Stop Solution" provider for all oil and gas field operations. They offer a variety of equipment and services on both rental and chartered-hire basis. Their comprehensive portfolio caters to the needs of the entire oil and gas industry, spanning from Exploration & Production Services to Mid-Stream Services.

Deep Industries recently announced their stellar Q1FY24 results in which sales of the company surged by 38 per cent and stood at Rs 101 crore as compared to Q1FY23, while operating profit surged by 43 per cent to Rs 43 crore as against to Q1FY23. Similarly, net profit of the company grew by 55 per cent and stood at Rs 31 crore as against to Q1FY23. Furthermore, the company the company has been able to grow its sales by 9 per cent over the past 3 years while net profit grew by 41 per cent over the same period.

The company has delivered stellar returns of 140 per cent over the past year and whopping returns of 1,058 per cent over the past 3 years. Moreover, the company has a ROCE of 8.59 per cent and a ROE of 7.04 per cent.

On Friday, shares of the company surged by more than 4 per cent and traded at its 52-week high of Rs 247.90. Additionally, the scrip had a spurt in volume by more than 2.19 times.

Investors should keep a close eye on this trending stock.

Disclaimer: The article is for informational purposes only and not investment advice.