New Delhi: DP Wires Ltd. manufactures steel wire and plastic products. The company’s product range includes LRPC strands, steel wires, geomembrane sheets, PE-coated & greased strands and plastic film sheets. In 2017, the company changed hands and became a public limited company. DPWL’s manufacturing facility is at Ratlam, Madhya Pradesh. It has an annual production capacity of 60,000 tonnes. Also this company is into power generation. It has two wind farms of 0.80 MW each in Jamnagar district of Gujarat. The company is also involved in trading of Plastic Granules. Recently, the company had released the results of the fourth quarter of the financial year 2023. During this period, the company’s sales increased by 117 percent and stood at Rs 387 crore. Along with this, the company’s operating profit also increased by 122 percent to reach Rs 20 crore. During this period, the company’s net profit also increased by 114 percent to Rs 15 crore. The company’s sales have grown at an annual rate of 42 per cent in the last five years, while the net profit has grown at an annual rate of 33 per cent during the same period. The company’s shares have given a return of more than 91.81% in the last one year while it has jumped 897% in the last three years. The company’s ROCE has been 32% and ROE has been 23.9%. On Wednesday, the company’s shares gained 2.34 per cent to Rs 544.25. This is its highest level of 52 weeks. This stock has been touching new highs continuously for the last few days. Investors should keep a close eye on this stock.
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