DSIJ Mindshare

The stock gave multibagger returns of 255 per cent in just 1 year, 600 per cent in 2 years and a whopping 7,000 per cent in 5 years.

The conpany has secured a significant contract from the Uttar Pradesh Department of Agriculture to provide, install, and commission 8,085 solar water pumping systems across the state under the PM-KUSUM scheme.

The stock gave multibagger returns of over 100 per cent in just 6 months whereas BSE Small-cap Index is 32.5 per cent.

Annual Results: The net sales increased by 17.56 per cent to Rs 2,338.30 crore and the net profit increased by 12.47 per cent to Rs 148.34 crore in FY23 over FY22. The EPS for FY23 stood at Rs 27.62. Out of the total revenue in FY23, domestic is 72 per cent and international is 28 per cent.

According to the annual results, the net sales increased by per cent to Rs 1,583 crore and net profit increased by per cent to Rs 130 crore in FY23 compared to FY22. The EPS for FY23 stood at Rs 60.66. The scrip has a PE of 14.70x, a ROE of 20 per cent and a ROCE of 21.60 per cent.