DSIJ Mindshare

According to the half-yearly results, the net sales increased by 51.25 per cent to Rs 62.01 crore and net profit increased by 51 per cent to Rs 2.88 crore in H2FY23 compared to H2FY22. In FY23, the net sales increased by 14.50 per cent to Rs 95.13 crore and net profit increased by 18.73 per cent to Rs 4.50 crore compared to FY22.

The company reported excellent numbers in its quarterly results with net sales increased by 81 per cent to Rs 24.43 crore in Q1FY24 over Q1FY23. The company reported a net profit of Rs 0.23 crore in Q1FY24 compared to a net loss of Rs 0.46 crore in Q1FY23, an increase of 150 per cent.

The company has a market cap of over Rs 30,000 crore with a 3-year stock price CAGR of 82 per cent. As of May 30, 2023, the cumulative order book stands at over 1,500 MW. This includes the order book as of March 31, 2023, of 652 MW plus orders secured subsequently of 890 MW.

Shares of the company have generated an impressive multibagger return of 1200 per cent in the last three years

A fund that has performed across the market cycle.