This aerospace and defence company has delivered fantastic returns of over 170% in less than two years; do you hold it?

Data Patterns (India) Limited has churned multibagger returns to its shareholders in less than two years. During this period, the company’s share price jumped from Rs 755 on December 24, 2021, to Rs 2065.30 on September 25, 2023, an increase of more than 170%.

An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 1.70 lakh today.

Data Patterns has reported a strong first quarter for FY24, with a net profit growth of 81.39% to Rs 25.83 crore, compared to Rs 14.24 crore in the same quarter last year. The operating profit also saw a significant increase of 71.85%. The total income for the quarter increased by 31.16% to Rs 89.69 crore, compared to the previous year’s same quarter. The company has about Rs 924 crore order book as of Jun 30, 2023.

Data Patterns (India) is a vertically integrated Defence and Aerospace electronics solutions provider, which caters to the indigenously developed defence products industry. The company’s major product groups consist of Radars, Underwater electronics, electronic warfare suite, BrahMos programme, Avionics, small satellites, and aerospace systems. Data Patterns is the only Indian company with design capabilities covering the entire spectrum of electronics, including processors, power, RF and microwave, embedded software and firmware.

Today, the stock opened at Rs 2060.10, with a high and low of Rs 2095.48 and Rs 2060, respectively. The stock ended the trading session at Rs 2070, down by 0.11%. The stock has a 52-week high of Rs 2484 and a 52-week low of Rs 995.05. The company has a ROCE of 19.6% and an ROE of 14.2% with a market capitalisation of Rs 11,589 crore.

The stock has shown impressive growth and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.