The company will have major growth opportunities by enhancing its manufacturing technology to cater to the 400kV XLPE cable market segment

The stock has an ROE of 30 per cent and a ROCE of 29 per cent. Additionally, the stock is up by 23 per cent in just 6 months.

The company has shown growth in net revenue FY23 and in paths of becoming break even.   

This achievement demonstrates the commitment of Air India group, IOCL, and Praj Industries, with the support of the Ministry of Civil Aviation and the Ministry of Petroleum and Natural Gas, to develop and promote indigenous solutions for sustainable aviation.

The company has delivered good profit growth of 51.0 per cent CAGR over the last 5 years.

In the last one month, the stock has gained more than 85 per cent.  

The stock is up by 27.42per cent in just 1 month, whereas the BSE Industrials Index is up by 5 per cent.

The stock gave multibagger returns of 258.84 per cent in just 1 year whereas BSE Sensex Index is up by 16.93 per cent.

The stock has a return on equity (ROE) of 25 per cent and a return on capital employed (ROCE) of 26 per cent.

In FY23, consolidated annual results, the revenue rose by 31 per cent and recorded a net profit of Rs 284 crore compared to FY22.