Rs 3,414 crore order book: This high ROE & high ROCE stock surged over 8 per cent on stellar results; declares dividend!

The stock has a ROE of 26 per cent and a ROCE of 28 per cent with multibagger returns of 580 per cent in just 3 years.

Praj Industries Ltd, announced its audited financial results for the quarter and full year ended March 31, 2023. Details below:

Financial Highlights for the Q4FY23: 

• Total Revenue stood at Rs 1,003.99 crore, up 20.82 per cent over Q4FY22. 
• Operating profit stood at Rs 124.53 crore, up 45.63 per cent over Q4FY22.  
• Profit After Tax stood at Rs 88.11 crore, up 52.83 per cent over Q4FY22.  
• The EPS for Q4FY23 stood at Rs 4.80.  
• Order intake during Q4FY23 was Rs 1,038 crore.

Financial Highlights for FY23:  

• Total Revenue stood at Rs 3,528.04 crore, up 50.56 per cent over FY22. 
• Operating profit stood at Rs 353.60 crore, up 53.76 per cent over FY22.  
• Profit After Tax stood at Rs 239.82 crore, up 59.62 per cent over FY22.  
• The EPS for Q4FY23 stood at Rs 13.05.
• The consolidated order backlog as on March 31, 2023 stood at Rs 3,414 crore.  

Additionally, the Board of Directors proposed a final dividend of Rs 4.50 per equity share or 225 per cent of the face value of Rs 2 per equity share, for the financial year ended 31 March 2023, which is subject to the approval of shareholders at the forthcoming AGM.

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Recently, Praj Industries, in collaboration with AirAsia India and IOCL, makes history by achieving a significant milestone in India's aviation sector decarbonization. The country successfully completes its first commercial passenger flight using a blend of domestically produced Sustainable Aviation Fuel (SAF).

On Friday, shares of Praj Industries Ltd surged 8.32 per cent to an intraday high of Rs 386.50 per share. At the closing bell, shares of the company ended the day in green, up 5 per cent to Rs 374.60 per share. The shares of the company saw a spurt in volume by more than 4.75 times on BSE.

The stock has a ROE of 26 per cent and a ROCE of 28 per cent with multibagger returns of 580 per cent in just 3 years. Do you own Praj Industries, stock in your portfolio? 

1 comments on article "Rs 3,414 crore order book: This high ROE & high ROCE stock surged over 8 per cent on stellar results; declares dividend!"

Sk

Ya I own

5/27/2023 9:55 PM

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