The company reported positive numbers in its quarterly results (Q1FY24) and annual results (FY23). The net sales increased by 12.10 per cent to Rs 9,482 crore and net profit increased by 74.83 per cent to Rs 1,454 crore in FY23 over FY22.  The stock is up by 25 per cent in just 3 months whereas BSE Sensex Index is up by 5.44 per cent.

The stock of the company was listed on NSE as an SME company with a lot size of Rs 1,600 equity shares on February 03, 2023. The company has a market cap of Rs 50 crore. The net sales increased by 3.15 per cent to Rs 218 crore and net profit skyrocketed 300 per cent to Rs 4 crore.

The company has a market cap of Rs 77 crore. According to the annual results, the net sales increased by 64.55 per cent to Rs 181 crore and the net profit skyrocketed by 200 per cent to Rs 6 crore in FY23 compared to FY22.  

The company has been maintaining a healthy dividend payout of 60.8 per cent with a dividend yield of 8.53 per cent.  

The stock has a PE of 17.87x whereas the sectoral PE is 32.20x with a ROE of 29.52 per cent & a ROCE of 35.10 per cent.

Its PE stands at a very attractive 6.10, while its ROCE is an impressive 34.5 per cent. But what really stands out is the stock's performance in the last three years, during which it has delivered a whopping 174 per cent returns.