DOMS Industries share price rises 10% to all time highs: up 150% over the IPO price giving Multibagger returns
DOMS Industries share price gained 10% during the intraday trades on Tuesday to all time high of ₹2035 on the NSE . With todays gains the DOMS Industries share price is up more than 150% over IPO price of ₹790. With this DOMS Industries share price has given Multibagger returns to the investors.
DOMS Industries had recently reported its Q4FY24 performance a few days back. The revenue at ₹403.7 Crore grew 20% year-on-year. The Earnings before interest tax depreciation and amortisation (Ebitda) at ₹76 Crore grew 22.6% year on year with margins at 18.8% better than 18.4% in the previous quarter and 18.7% in the year ago quarter ).
The reported net profit at ₹46.9 Crore grew 29.6% year-on year.Also Read- Cello World dn 8% in 2 sessions post Q4 results. Should you buy or accumulate?Analysts at ICICI Securities said that "We believe input price deflation and better revenue mix may have led to gross margin expansion. The Ebitda margins that improved 40 bps sequentially, at 18.8% were the highest since December'2022 quarter.
The analysts said that all the operating segments (except paper stationary) have registered strong revenue growth YoY, particularly art material and office supplies. ICICI analysts believe strong all-round performance augurs well as the company is gaining market shares in most segments.Expansions and Acquisitions to fuel growth - To cater to rising demand the company highlighted that the Capex of ₹126 crore the expansion of manufacturing facility is underway. DOMS is steadily expanding its manufacturing capacity, focusing on expanding its writing instrument segment and likely to commission additional 100,000 square feet capacity by June 2024.
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