540 per cent jump in net profit: This multibagger micro-cap company announces stellar results!
The shares of the company have a PE multiple of 20x whereas the sectoral PE multiple is 70x and gave multibagger returns of 388.30 per cent from its 52-week low of Rs 1.71 per share.
Deep Diamond India Limited, a leading manufacturer and distributor of jewellery segment announced its Quarterly Results and annual results for the year ended March 31, 2023. Details below:
The net sales of the company surged by 257.61 per cent to Rs 2.07 crore in Q4FY23 as compared to Q4FY22. The net sales skyrocketed 451.15 per cent to Rs 7.67 crore and the net profit skyrocketed 540.31 per cent to Rs 1.26 crore in FY23 as compared to FY22. The EPS for FY23 stood at Rs 0.26. The shares of the company have a PE multiple of 20x whereas the sectoral PE multiple is 70x.
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On Friday, shares of Deep Diamond Ltd plunged 2.06 per cent to Rs 8.07 per share from its previous closing of Rs 8.24 with an intraday high of Rs 8.35 and an intraday low of Rs 7.83.
Deep Diamond India Limited offers products such as diamond rings, nose pins, necklaces, pendants, bracelets, earrings, and bangles. On January 20, 2023, shares of the company traded ex-split from Rs 10 to Rs 1. The company has a market cap of Rs 26.27 crore with a 1-year CAGR of 329 per cent.
The stock gave multibagger returns of 388.30 per cent from its 52-week low of Rs 1.71 per share. Investors should keep an eye on this micro-cap stock.
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