Based on quarterly results, the company’s net sales increased by 145.91% in Q2 FY2023 compared to Q2 FY22.
Satia Industries Ltd, one of India’s largest timber and agriculture-based paper producers, has several contracts for 17,000 tonnes of paper valued at Rs.200 crore. The order includes his three major contracts for the supply of textbook printing papers from Bal Bhati, Pune, Maharashtra. Punjab School Board, Mohali, Punjab, Uttar Pradesh.
Founded in 1980, Satya Industries Limited (SIL) is one of the largest fully integrated timber and agriculture-based paper manufacturers. Its products are widely used for printing books, directories, envelopes, diaries, calendars, computer stationery, copy production annual reports, etc.
The company had a great year, according to its financial results.based on Quarterly results, the company increased net sales by 145.91% in Q2FY23 over Q2FY22. Net profit in Q2FY2022 was just Rs 20.27 crore, but in Q2FY23 he surged by 150.74% to Rs 50.81 crore. The stock has a PE multiple of 9.38, ROE of 22.29 and a market capitalization of Rs 1,309.5 crore.
Today, SIL’s shares are trading at a high of Rs 138.25 per share, up 5.57% from the previous closing price of Rs 130.95 per share. The share price has a 52-week high of Rs 164.35 and 52-week lows of Rs 86.65 each.Investors should be aware of this small cap stock.
