Multibagger alert: This small-cap company from plywood space delivered over 300% returns in the last 2 years!

Multibagger alert: This small-cap company from plywood space delivered over 300% returns in the last 2 years!

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-11-09T11:54:15+05:30

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.48 lakh today. 

Greenpanel Industries 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 85.15 on 06 November 2020 to Rs 381.55 on 08 November 2022, an increase of 348% in the two-year holding period.

Meanwhile, the S&P BSE SmallCap index, of which the company is a part, surged 92.48%, climbing from the level of 15,218.01 on 06 November 2020 to 29,292.56 on 08 November 2022.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.48 lakh today.

Greenpanel Industries, previously known as Green Panelmax, is the largest producer of MDF in the country. The company is India's largest manufacturer of wood panels. Its state-of-the-art manufacturing plants in Uttarakhand and Andhra Pradesh produce Medium Density Fibre Boards (MDF), plywood, block boards, veneers, wood floors and doors.

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue increased by 8.31% YoY to Rs 457.2 crore. Similarly, the bottom line increased by 8% YoY to Rs 72.46 crore.

The company is currently trading at a TTM PE of 15.93x against the industry PE of 25.9x. In FY22, the company delivered an ROE & ROCE of 28.5% and 30.3%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 4,599.14 crore.

Today, the scrip opened at Rs 370.10 and has touched a high and low of Rs 387.95 and Rs 370.10, respectively. So far 24,864 shares have been traded on the bourses.

At 11.28 am, the shares of Greenpanel Industries Ltd were trading at Rs 377.20, a decrease of 1.14% from the previous day’s closing price of Rs 381.55 on BSE. The stock has a 52-week high & low of Rs 625 and Rs 350.30 respectively on BSE.

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Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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