The company's smart meters are renowned for their exceptional accuracy and advanced features, including real-time remote data monitoring

On Tuesday, the benchmark indices traded positively, with the BSE Sensex Index rising by 0.20% to reach 65,336.34. Additionally, the Sensex Index achieved a new 52-week high at 65,586.60.

On an annual basis, the company has recorded significant top-line and bottom-line growth.

Investors should keep a close eye on this trending stock.

Investors are extremely positive on this paint sector company after it reported strong profit and sales growth in FY23.

The revenue from operations grew by 10.04 per cent to Rs 168.89 crore and PAT increased by 7.45 per cent to Rs 14.13 crore in Q4FY23 over Q4FY22. The revenue from operations recorded a healthy growth of 30.45 per cent to Rs 650.38 crore and PAT increased by 59.94 per cent to Rs 49.92 crore in FY23 over F

According to the financials, the company has a market cap of Rs 288.50 crore and has delivered good profit growth of 37.9 per cent CAGR over the last 5 years. Additionally, the company has reported amazing numbers in its quarterly results and annual results.

In Q4FY23, the company reported a 42.39 per cent increase in net profit YoY.

In Q4FY23, the company witnessed a significant increase in net sales, rising by 38.01 per cent to reach Rs 145.05 crore compared to Q4FY22. Similarly, in the entire FY23, net sales experienced robust growth of 41.50 per cent and reached Rs 473.55 crore, surpassing the figures of FY22.

The company recently implemented a trading phase involving ex-bonus shares traded at a ratio of 1:3 and an ex-stock split at a ratio of 10:1 for equity shareholders, with the record date set on Monday, June 05, 2023. This strategic move reflects the company's efforts to enhance shareholder value and expand its investor base.