Krishna Defence share price has seen approx. 112%surge in recent months as on 24th June 2024.The stock has experienced a consistent upward trend, driven by strong fundamentals, increasing demand for its products, and positive market sentiment towards the defense sector.
Krishna Defence and Allied Industries Limited (KDAIL), formerly known as Krishna Allied Industries Ltd, is an Indian manufacturing company specializing in a diverse range of equipment for the Defence, Security, Dairy, and Mega Kitchen sectors.
NSE: KRISHNADEF – Krishna Defence Stock Performance Highlights:
- The share price has witnessed a significant surge, reaching a 52 Week High at 1020 (21-Jun-2024), reflecting growing investor confidence in the company.
- The stock has delivered impressive returns, beating its 3-year revenue CAGR of 43.13% with an annual revenue growth of 66.67% in the year ending March 31, 2024.
- The market capitalization has grown considerably, currently standing at ₹ 1,297.87 Cr, indicating the company’s increasing market value.
- While Promoters & Promoter Group holding at 62.27%, Indian public and non-institutional investors at 37.73% stake, suggesting broader investor interest in the company.
- The company has been consistently profitable, with a net profit margin of 19.55% in the last quarter. This signifies efficient operations and strong financial management.
- KDAIL boasts a high ROE of 35.3%, indicating that the company is effectively generating profits from shareholders’ investments.
- The company maintains a healthy debt-to-equity ratio of 0.09, suggesting a low financial risk and a strong financial position.
- The company has a robust order book, with several high-value orders from the Ministry of Defence. That ensuring a steady revenue stream in the coming months.
Overall, The Indian defense sector is experiencing significant growth due to increased government spending and a focus on indigenization. The government’s emphasis on “Make in India” and initiatives to promote domestic defense manufacturing. Its provide a favorable environment for Krishna Defence and Allied Industries Ltd growth.
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