Code: DECCANCE | 502137 | INE583C01021
Previous Close 791.40
2021-22 Q1 results are encouraging. Revenues stand at Rs. 224 Crores as against Rs. 138 Cr in Q1 2020-21 and Rs. 214 Cr in Q4 2020-21.
Net profits stand at Rs. 36.83 Crores against Rs. 22 Crores and Rs. 26 Crores in the respective periods.
Although these numbers are not absolutely comparable due to COVID lock downs and stoppage of construction and business activities at various states and timelines, the results are still note worthy.
TTM EPS stands at Rs. 90 which discounts the current market price of 791 by just 9 times.
Operating profit margins of 26% and net profit margins of of 16% are very attractive.
Promoters hold a healthy 56% stake. A dividend of Rs. 5 has been announced.