Deep Polymers Limited jumped 20 percent today and hit the upper circuit today. The stock opened its trading session at Rs 106.50 and is currently trading at Rs 121.54. Within a span of just 2 days, the stock performed exceptionally well leading the stakeholders to enjoy an upside of around 38 percent.
Having a purview of 2 years, the stock has gained around 208 percent ranging from Rs 39.43 to the current stock levels.
Deep Polymers Limited is an India-based company that is engaged in the manufacturing of additives and color masterbatch. The Company operates through the manufacturing of masterbatch and polymer segments. It manufactures various grades of antifab-filler, using micro particles of natural, surface-coated calcium carbonate and natural-hydrated magnesium silicate talc mineral with special dispersion additives and carrier resins.
Having a quick glance at the financials of the company, it can be observed that the Revenues have gone down from Rs 29.8 crores in Q2 to Rs 27.41 crores in Q3. Apart from this metric, the net profits for the company, with a contrasting effect, have moved up from Rs 2.07 crores in Q2 to Rs 2.26 crores in Q3.
The Debt to Equity ratio for the company has moved from 0 in FY20-21 to 0.86 in FY 21-22. The company has been able to keep the same below the industry standards enabling the shareholders with a sense of relief.
Further, the promoters have kept their stakeholding stable at 62.79 percent with zero pledged while the remaining stake of 37.21 percent is held by the public.
Written by Amit Madnani
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