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Shares of the company grew by more than 60 per cent in the last six months.

According to the quarterly results, the net sales increased by 3,110 times to Rs 93.31 crore and net profit skyrocketed 9,500 per cent to Rs 0.94 crore in Q1FY24 compared to Q1FY23.

Shares of the company have gained more than 60 per cent in the last six months.

The company has a market cap of over Rs 2,700 crore with a 5-year stock price CAGR of 95 per cent. The company reported positive numbers in its quarterly results and annual results.

According to the annual results, the net sales increased by 502.05 per cent to Rs 3.82 crore, the operating profit increased by 1,918.87 per cent to Rs 1.07 crore and the net profit increased by 1,597.96 per cent to Rs 0.83 crore in FY23 over FY22.

The company reported net sales of Rs 374.02 crore in Q1FY24 compared to net sales of Rs 375.17 crore in Q1FY23. The operating profit increased by 16 per cent to Rs 59 crore and the net profit increased by 23 per cent to Rs 33 crore in Q1FY24 compared to Q1FY23. 

Shares of the company gained more than 60 per cent in the last one year.

The company has delivered good profit growth of 27.4 per cent CAGR over the last 5 years. The company is almost debt free and its current debt is Rs 6.97 crore. The stock has a PE of 20.8x, an ROE of 16 per cent and a ROCE of 18 per cent.

The stock has witnessed significant buying activity as it has given multibagger returs of more than 200 per cent in just 3 years