From Rs 39 to Rs 86: This multibagger delivered 120.5% returns in a year!

From Rs 39 to Rs 86: This multibagger delivered 120.5% returns in a year!

Stock Recommendations
by 5paisa Research Team Last Updated: Dec 16, 2022 - 05:32 pm 20.3k Views

An investment of Rs 1 lakh would have turned to Rs 2.2 lakh in just a year.

Universal Auto Foundry Limited is engaged in the manufacturing of Iron Castings. It manufactures castings components in Grey Iron and S.G. (Ductile) Iron, primarily for the automotive sector. Castings are supplied in Machined, Semi Machined, and as cast condition with surface treatment as per customer’s need. Suspension Brackets, Differential housing, Hubs, Brake drum, Flywheels, Adjuster Nuts, Pulleys, Dampers, etc are some of the items that find application in the commercial vehicle and engineering industry. 

The company has a more than 65,000 sq. ft. size area manufacturing plant located at VKI Area, Jaipur, Rajasthan, which has an existing installed capacity of 7,800 MT p.a. for the manufacture of grey iron and ductile iron castings. In addition to that, it has another capacity of 11,400 MT p.a. with its group foundries. It caters to the requirements of many of the major automotive and engineering goods manufacturers in India and all over the world. 

Products offered by the company: 

  • Commercial vehicle (Suspension & Engine Mounting Brackets, Engine Bearing Caps Block, Differential Cases, Fly Wheels, Wheel Hubs, Pulleys)  

  • Tractor Industry (Lift Arms, Differential Cases, Cylinders, Adaptor Plates, Brake & Control Housing, Rocker & Other Brackets)  

  • Passanger Cars (Pulleys)  

  • Earth Movers Industry (Brake Drum Casting)  

  • Construction Industry (Anchor Body) 

The shares of this M Group Auto Components & Equipments Company have appreciated 120.5% from Rs 39 on 3 August 2021 to Rs 86 on 27 July 2022. 

On 28 July 2022, the stock touched a fresh 52-week high of Rs 90 and the stock has a 52-week low of Rs 38.40. 

The company has a market cap of Rs 87.18 crore. 

On 28 July 2022, the scrip of Universal Auto Foundry Limited ended at Rs 81.40 

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