The shares of this cable manufacturer gained 8.8 percent after the company’s board of directors approved fundraising worth Rs 500 crores.
With a market capitalization of Rs 3,275.06 crores, Dcx System Ltd, On Friday, the company shares were trading at Rs 337.80, an increase of 6.61 percent from the previous close price.
According to the company filing, Dcx System Ltd’s board of directors approved fundraising worth Rs 500 crores, by way of public issues, preferential issues, rights issues, private placements, qualified institutions placement, and any other method as may be permitted in accordance with the applicable provisions of the Companies Act.
Examining the business’s financials, the company’s revenue increased 13.73 percent from Rs. 1,102.27 crores in FY 2021-22 to Rs 1,253.63 crores in FY 2022-23. During the same period, Net Profit increased by 9.2 percent from Rs 65.61 crores to Rs 71.68 crores.
Dcx System Ltd’s reported return ratios in the recent financial year with a return on equity (ROE) of 20.95 percent and a return on capital employed (ROCE) of 13.13 percent.
Dcx System Ltd’s recent shareholding pattern, The Promoters of the company own 71.73 percent while Retail shareholders own a 19.99 percent stake in the company and Foreign Institutional Investors own a 0.07percent stake.
The stock has delivered a return of 78.56 percent in six months and 27.94 percent in a year.
Dcx System Ltd offers comprehensive solutions for the defense and aerospace industries in the areas of cable and wire harnesses, electronic subsystems, premium system integration, and PCB assembly.
Written By:- Abhishek Singh
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