Multibagger alert: This BSE 500 company delivered over 300% in the last two years!

Multibagger alert: This BSE 500 company delivered over 300% in the last two years!

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 9.8k Views
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An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.26 lakh today. 

Elgi Equipments Ltd, an S&P BSE 500 company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 118.35 on 13 November 2020 to Rs 505.10 on 11 November 2022, an increase of 326.7% in the two-year holding period. 

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.26 lakh today. 

Set up in 1960, Elgi Equipments started as an air compressor and garage equipment manufacturing company. Today, it has a portfolio of over 400 products and accessories. The company has state-of-the-art manufacturing facilities in India, Italy and the USA. Apart from this, the company has an excellent network of more than 100 dealers spread across India. It has a presence in over 100 countries across the globe. 

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue increased by 13.29% YoY to Rs 738.72 crore. Similarly, the bottom line increased by 38.24% YoY to Rs 70.41 crore. 

The company is currently trading at a TTM PE of 71.83x against the industry PE of 43.16x. In FY22, the company delivered an ROE & ROCE of 18.6% and 20.5%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 15,824.85 crore.

Today, the scrip opened at Rs 505 and has touched a high and low of Rs 507.50 and Rs 495.45, respectively. So far 15,199 shares have been traded on the bourses. 

At 12.48 pm, the shares of Elgi Equipments Ltd were trading at Rs 500.65, a decrease of 0.88% from the previous day’s closing price of Rs 505.10 on BSE. The stock has a 52-week high and low of Rs 566.50 and Rs 205.40, respectively on BSE. 

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