This S&P BSE smallcap stock jumped 14% after reporting Q1 FY24 results on Monday. The stock is 1.5% away from its 52 week high, currently trading at Rs. 218, breaking out of stagnant volumes & sideways movement over the week and month of 65k with 6x volumes of 4 lakh. It is trading 3.3% above the 20 day moving average and 11.6% away from the 200 day moving average with a market cap of Rs. ~2,255 crores.
Ddev Plastiks Industries Ltd (“DDEV”) reported a 19.1% YoY growth in consolidated revenue to Rs. 645.5 crores from Rs. 542.2 crores. The company reported 164% YoY growth in net profits from Rs. 14.3 crores to Rs. 37.8 crores, EBITDA growth of 96% YoY from Rs. 31.3 crores to Rs. 61.3 crores. Ddev also reported net margin expansion of 330 bps from 2.9% to 5.9% YoY; EBITDA margin expansion of 380 bps from 5.8% to 9.5% YoY.
Ddev has returned 402% in a 1 year period, 202% YTD and 107% in a 3 month period. That means if you invested Rs. 1 lakh in Ddev 3 months, ago your investment would now be worth Rs. ~2.1 lakh! Ddev has a stable shareholding over the last 4 quarters with promoters holding 75%, FIIs & DIIs holding 0.14% and the rest being public float. Promoters have no pledges and the stock has zero short interest. Ddev also has goof financial profile with a p-score of 7, above industry average market cap, PEG ratio and ROE.
Ddev is a leading manufacturer of polymer compounds in India and operates in over 50 geographies with an aggregate manufacturing capacity of 239,000 MT. Ddev serves mainly automotive and electrical verticals and its product portfolio now expanded to include cable compounds. Ddev was founded in 2020, based in Kolkata, India.
Written by Sandeep R
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