3,20,000 Per Cent Returns; 10:1 Stock Split & 1,505 Crore Order Book: Cables & Conductors Manufacturing Company Announces Machineries Acquisition Update; Details Inside

The stock gave multibagger returns of 1,200 per cent in just 1 year, 94,000 per cent returns in 3 years and a whopping 3,20,000 per cent in 5 years.

On Wednesday, shares of Diamond Power Infrastructure Limited plunged 0.59 per cent to Rs 160 per share from its previous closing of Rs 160.85 per share. The stock’s 52-week high is Rs 193.58 and its 52-week low of Rs 12.19

Diamond Power Infrastructure Limited (DPIL) has announced its intention to acquire specific machineries and related equipment from four entities: Syska Miterr Private Limited, Miter & Miter Engineers Private Limited, Emdet Engineers Private Limited, and Miter & Miter. The total consideration for this acquisition is capped at Rs 49,74,00,000, inclusive of applicable taxes. This move aligns with DPIL's strategy to expand its operations in the copper wire and cable industry. The acquisition is expected to be completed within 90 days and will be entirely financed through cash consideration.

Earlier, Diamond Power Infrastructure Limited (DPIL) announced stellar Quarterly Results (Q2FY25) and half-yearly results (H1FY25). According to quarterly results, the net sales increased by 236 per cent to Rs 250.30 crore and net profit increased by 69 per cent to Rs 40 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 218 per cent to Rs 474.16 crore and net profit increased by 161 per cent to Rs 20.56 crore in H1FY25 compared to H1FY24. In FY24, the company reported net sales of Rs 343.37 crore and net profit of Rs 17.02 crore.

Furthermore, the shares of the company's ex-traded stock split from a face value of Rs 10 each into 10 equity shares of face value of Re 1 each. The ex-date for the stock split was December 03, 2024.

Diamond Power Infrastructure Limited (DPIL) is a veteran in India's cables and conductors industry, boasting a strong foothold as one of the nation's fastest-growing Fast Moving Electrical Goods (FMEG) companies. With a consolidated turnover of Rs 343 crore, DPIL holds the distinction of being India's largest single-location power cables and conductors manufacturer, operating five Continuous Casting and Rolling (CCV) lines and possessing an installed capacity exceeding 250,000 MTPA for conductors. The company is at the forefront of delivering robust, innovative, and energy-efficient solutions to a diverse clientele.

The outstanding order book position of the company stands at Rs 1,505 crores as of date. The stock gave multibagger returns of 1,200 per cent in just 1 year, 94,000 per cent returns in 3 years and a whopping 3,20,000 per cent in 5 years. Investors should keep an eye on this small-cap stock.

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