In Q4FY23, the standalone net sales of the company shot up by more than 28.97% from last year’s same quarter to Rs 27.63 crore. The EBITDA level of the company stood at Rs 16.70 crore, witnessing a growth of 15% from March 2021 quarter. The net profit of the company zoomed by 21.99% from the corresponding quarter last year to Rs 12.32 crore.
Param Value Investments, headed by the renowned investor Mukul Agarwal, made a purchase on May 11, 2023, acquiring 27,242 shares at an average price of Rs 1296.04. As per the official shareholding pattern of the company, Mukul Agarwal currently possesses a pre-existing stake of 1.37% in the company.
The company recently disclosed to the exchange that it secured a contract from Reliance Industries for the recoating of elements. The recoating process for Anode & Cathode Pans is required to be finished within 30 days upon receiving the elements and any necessary repairs and recoating must be completed within a maximum of 45 days. The total value of the order amounts to Rs 48 crore.
De Nora India Ltd is a subsidiary of the renowned multinational corporation De Nora Group based in Italy. The company specializes in the production, renovation and distribution of Cathode & Anode, Electro chlorinators and Cathodic Protection Systems. The company’s diverse range of products and services cater to various industries and markets such as the Chlorine & Caustic industry, Bleaching Chemicals, Agriculture & Livestock, water treatment and surface finishing.
This stock has experienced substantial buying activity, resulting in impressive returns of over 880% within a span of just 3 years. On a year-to-date basis, the stock has seen significant buying and has surged by over 140%. Moreover, in the past month alone, the stock has demonstrated a remarkable rally of 49%, indicating a sustained bullish trend. Keep a close eye on this trending multibagger stock.
Enjoy Zero Brokerage on Equity Delivery
Join our 1.75 Cr+ happy customers
Enjoy Zero Brokerage on