Multibagger alert: This small-cap battery manufacturing company delivered 465% in the last two years!

resr 5paisa Research Team

Last Updated: 7th September 2023 - 05:09 pm

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An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 5.65 lakh today. 

HBL Power Systems Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 18.60 on 03 November 2020 to Rs 105.25 on 01 November 2022, an increase of 465% in the two-year holding period. Meanwhile, the S&P BSE SmallCap index, of which the company is a part, surged 94.75%, climbing from the level of 14,834.27 on 03 November 2020 to 28,891.11 on 01 November 2022.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 5.65 lakh today.

HBL Power Systems Limited is engaged in the manufacturing of different types of batteries including lead acid, NiCad, silver zinc, lithium and railway and defence electronics, solar photovoltaic modules and other products. The company is also engaged in service activities related to the above products. 

In the recent quarter Q1FY23, on a consolidated basis, the company’s net revenue increased by 38.69% YoY to Rs 319.7 crore. However, the bottom line decreased by 3.04% YoY to Rs 19.98 crore.

The company is currently trading at a TTM PE of 31.28x against the industry PE of 20.58x. In FY22, the company delivered an ROE & ROCE of 11.3% and 14.7%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 2,917.48 crore.

Today, the scrip opened at Rs 105 and has touched a high and low of Rs 106.40 and Rs 104.55, respectively. So far 68,237 shares have been traded on the bourses.

At 11.53 am, the shares of HBL Power Systems Ltd were trading at Rs 105.20, a decrease of 0.05% from the previous day’s closing price of Rs 105.25 on BSE. The stock has a 52-week high & low of Rs 121.80 and Rs 48.05, respectively on BSE.

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