The shares of the company have an ROE of 26 per cent and an ROCE of 29 per cent.

This is a mid-cap, fundamentally strong company with a market capitalization of Rs 3,334 crore, currently trading at Rs 3,414. The stock price-to-earnings ratio is 16x, whereas the industry price-to-earnings ratio stood at 30.9x, making this stock more attractive as an undervalued company. The company has delivered good profit growth of 40.6 per cent CAGR over the last 5 years and has a dividend yield of 0.57 per cent. On Thursday, in anticipation of an order receipt, the stock price was locked in the 5 per cent upper circuit. The stock has delivered multibagger returns of 204 per cent in just one year and 16,000 per cent of gains in a decade.

The stock is currently trading at Rs 3,089 with a high promotor holding of 70 per cent. Ace investor Mukul Agarwal has a 1.16 per cent shareholding in this company.

As of June 30, 2023, the company’s order book stands at Rs 4,603 crore which includes Rs 3,794 crore in domestic orders and Rs 809 crore in international orders. The company continues its expansion into newer markets and is focused on becoming a Global leader in its sector

The stock gave multibagger returns of 135.58 per cent in just 1 year whereas BSE Small-cap Index is only up by 5.39 per cent.

Despite being a weak market on Friday, there were few penny stocks that touched 5 per upper circuit each and they gave multibagger returns in just 6 months. 

The top low-price gainers on BSE that locked in at 20 per cent upper circuits were Subex Ltd, Refnol Resins & Chemicals, and Paramount Communications Limited.