Shares of this plastic products company delivered over 150% return to its investors in the last 2 years!

Multi-bagger Stocks

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 639 Views

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.5 lakh today.

Nahar Polyfilms 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 90.35 on 16 February 2021 to Rs 229.60 on 14 February 2023, an increase of 154% 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 2.5 lakh today.

Quarterly Performance

In the recent quarter Q3FY23, on a consolidated basis, the company’s net revenue increased by 53.8% YoY to Rs 159.6 crore. However, owing to a steeper growth in expenses, the company incurred a net loss of Rs 0.85 crore.

The company is currently trading at a TTM PE of 7.9x, as against the industry PE of 23.8x. In FY22, the company delivered an ROE & ROCE of 12% and 14% respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 555.44 crore.

Share price movements of Nahar Polyfilms

Today, the scrip opened at Rs 224.90 and has touched a high and low of Rs 226.10 and Rs 220.10, respectively. So far 2,281 shares have been traded on the bourses.

At 12.25 pm, the shares of Nahar Poly Films Ltd were trading at Rs 224, a decrease of 2.44% from the previous day’s closing price of Rs 229.60 on BSE. The stock has a 52-week high & low of Rs 601 and Rs 211 respectively on BSE.

About the company 

Nahar Poly Films (Previously known as Nahar Exports) belongs to Nahar Group of Companies. The company is engaged in the manufacturing of Metalissed and Unmetalissed sealable and non-sealable films. The company entered into Bi-Axially Oriented Polypropylene Films (BOPP Films) project. The BOPP Films are mainly used in flexible packaging and sold in the domestic and international markets.

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