Share Market Tips: 257% return in 3 years, this microcap stock made money, know what the company does – dcm shriram industries share surged by more than 14 percent
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According to the consolidated Q4FY23 results of DCM Shriram Industries, the company’s sales declined by 18%. It was Rs 535 crore. However, the company’s operating profit grew by 61% and stood at Rs 58 crore as compared to Rs 36 crore in the fourth quarter of FY22. Similarly, the company’s net profit grew by 100% to Rs 32 crore as compared to Rs 16 crore in Q4FY22.
The company has given a return of 29% in the last year. It has given a return of 257% in the last 3 years. Moreover, the company has a ROCE of 10% and an ROE of 8.61%. Furthermore, the company is maintaining a dividend payout ratio of 18.1%.
Shares of this company rose by more than 14% on Monday. It was trading at its new 52-week high of Rs 101.30. Moreover, the volume of the stock had increased by more than 4.84 times. Investors can keep an eye on this stock.
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