With a market capitalization of Rs 800 crores, the shares of D-Link (India) Limited started their trading session today at Rs 224.95 and currently trades at Rs 228, gaining around 1.20 percent as compared to the previous closing price of Rs 224.95.
As per the Bulk Deal data available with the National Stock Exchange (NSE), Ace Investor Mr. Ashish Kacholia sold 3,69,889 shares of the company at a weighted average price of Rs 227.91 summing up to an aggregate value of Rs 8.43 crores.
As per the March 2023 quarter, the celebrity investor held 7,50,000 shares (2.11 percent stake). Due to the recent developments with the holdings, he offloaded approximately half of the stake held during the same.
The latest financial reports of the company, released last month, exhibit operating revenues of Rs 1,180 crores during FY22-23 as compared to the revenues of Rs 918 crores in the previous financial year. Moreover, the net profit figures more than doubled by taking a shift from Rs 42 crores during FY21-22 to Rs 86 crores in FY22-23
In congruence with the pattern shown above, the basic ratios supporting the operational efficiency such as the net profit margin increased from 4.60 percent during FY21-22 to 7.31 percent in FY22-23. Moreover, the return on capital employed (ROCE), keeping the timeframe the same, moved up from 18.88 percent to 30.41 percent.
D-Link (India) Limited is involved in the process of distribution and marketing of networking products aligned with its brand. The company serves various industries such as Financial Services, Healthcare, Real Estate, etc.
Some of its products include Broadband, Digital Home, Network Cameras, and others. Geographically, it derives most of its revenue from domestic operations within India.
Written by Amit Madnani
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