Given its large order book and excellent cash position, the company paid down its debt totally through internal accruals.  

The net sales increased by 1,345 per cent to Rs 33.98 crore and net profit skyrocketed by 2,414 per cent to Rs 1.92 crore in Q4FY23 over Q4FY22. The net sales increased by 918 per cent to Rs 506.62 crore and net profit skyrocketed by 1,047 per cent to Rs 2.01 crore in FY23 over FY22.

Miniratna category I public sector utility and the Maharashtra government have signed a Memorandum of Understanding

The stock gave multibagger returns of 105 per cent in just 1 year and over 2,200 per cent returns in just 2 years.

According to the financials, the net sales rose by 2.02 per cent to Rs 42.54 crore and EBITDA increased by 128 per cent to Rs 3.04 crore in H2FY23 over H2FY22. The company reported a net profit of Rs 1.64 crore in H2FY23 compared to Rs 4.78 crore in H2FY22. The net sales increased by 3.36 per cent to Rs 85.50 crore and EBITDA increased by 48.14 per cent to Rs 4 in FY23 over FY22.

The agreement was inked in Mumbai in the presence of German Defence Minister Boris Pistorius.  

The company has astoundingly delivered a multibagger return, surpassing 230 per cent.

Moreover, the stock has witnessed heavy buying in the past 1 year, surging more than 99 per cent

The net profit of the company skyrocketed 128 per cent from corresponding quarter last year

Aerospace electronic solution company is trending on Dalal Street, catching eye of investors.