The company has a market cap of over Rs 10,000 crore with an ROE of 28.1 per cent and an ROCE of 37.4 per cent.

According to the quarterly results, the net sales increased by 10.08 per cent to Rs 1,792.41 crore and operating profit increased by 48 per cent to Rs 188.17 crore in Q1FY24 compared to Q1FY23. The company reported a net profit of Rs 27.98 crore in Q1FY24 compared to a net loss of Rs 79.64 crore in Q1FY23.

The company’s maximum stake is owned by The President of India (55.99 per cent) as of March 2023.

The markets reacted positively to the Budget wherein, Sensex surged up to almost 974 points, marking the day’s high and is now at 58,159.13, up by 144.96 or 0.27 per cent higher than the last trading session.