Multibagger from its 52-week low: Micro-Cap marvel shines with stellar results, expands business, and declares dividend!
The stock has a PE of 13.40x, a ROE of 23.34 per cent and a ROCE of 23.75 per cent.
Dynamic Cables Limited (DCL), a Jaipur based leading power cable manufacturer announced its result for Q4FY23 and FY23. Details Below:
The company reported sales of Rs 178.5 crore for Q4FY23 and Rs 668.6 crore for FY23, with a healthy growth of 18.6 per cent on a yearly basis.
The company reported an EBITDA of Rs 62.8 crore and a PAT of Rs 31 crore during the financial year. During Q4FY23 the EBITDA margin was 10.60 per cent as compared to 9.3 per cent in the previous quarter.
The management reports a robust increase in demand from both government and private sectors, with expectations of continued growth in the mid to long term and a positive outlook for the company's expansion.
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Notably, the company intensified its product development efforts, focusing on augmenting the Railway Signaling segment while venturing into new-age products such as covered conductors and EV cables, positioning themselves for future growth. The company anticipates that these products will contribute to expanding its revenue and bolstering profit margins.
Additionally, the company announced a final dividend of 5 per cent or Rs 0.50 per share for a face value of Rs 10 each for the financial year 2022-2023.
On Wednesday, one of the Top Gainers on BSE, shares of Dynamic Cables Ltd surged 14.20 per cent to Rs 215.95 per share from its previous closing of Rs 189.10. The stock has a PE of 13.40x, a ROE of 23.34 per cent and a ROCE of 23.75 per cent. The shares of the company saw a spurt in volume by more than 11 times on BSE.
The stock gave multibagger returns of 132.20 per cent from its 52-week low of Rs 93 per share. Investors should keep an eye on this micro-cap stock.