Multibagger stock which is a pioneering cables & wires company, specializing in low-voltage cables hits a 2 percent upper circuit in the day’s trade upon posting its Q4FY24 results with a 2,438 percent YoY jump in Net Profits.
With a market capitalization of Rs. 340 Crores, the shares of Delton Cables Limited hit a 2 percent upper circuit at Rs. 394.05 from its previous day’s close price of Rs. 386.35. It has delivered multibagger returns of 452 percent in a year.
Its revenue from operations grew by 63.70 percent YoY from Rs. 80.50 Crores in Q4FY23 to Rs. 131.78 Crores in Q4FY24 and it grew by 20 percent QoQ from Rs. 109.67 Crores in Q3FY24 to Rs. 131.78 Crores in Q4FY24. Annually it generated a revenue of Rs. 272.14 Crores in FY23 and Rs. 400.85 Crores in FY24 indicating a growth of 47.29 percent YoY.
Its Net Profit grew by 69 percent QoQ from Rs. 3.73 Crores in Q3FY24 to Rs. 6.31 Crores in Q4FY24 and it generated a profit of Rs. 6.31 Crores in Q4FY24 from a loss of Rs. 4.32 Crores in Q4FY23. Annually it generated a Net Profit of Rs. 57.75 Lakhs in FY23 to Rs. 14.65 Crores in FY24, indicating a growth of 2,438 percent.
Delton Cables Limited is a pioneering cables & wires company, specializing in low voltage cables. It is engaged in manufacturing and supplying of wires, cables, switchgear, railway signaling cables, cathodic protection, distribution boards, networking solutions, and many more others under the brand name Delton.
Delton Cables Limited has its manufacturing unit in Faridabad and its products cater to various sectors like power, telecommunication, railways, steel, mining, and other industries.
It is expanding its manufacturing capacity by setting up a new plant for EPC cables. The Company has taken on lease a new Industrial property measuring 8650.069 sq mtr. at district Palwal, Haryana for expansion.
It has reported a return on equity (ROE) of 8.93 percent, a return on capital employed (ROCE) of 5.41, and a debt-to-equity ratio of 0.
Written by: Bharath K.S
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