Shares of this small-cap chemical company rallied over 300% in the last two years!

Multi-bagger Stocks

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 598 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 4.44 lakh today.

Primo Chemicals 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 18.19 on 05 April 2021 to Rs 80.93 on 31 March 2023, an increase of 344% 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 4.44 lakh today.

Recent performance highlights  

In the recent quarter Q3FY23, on a consolidated basis, the company’s net revenue increased by 43% YoY to Rs 187.6 crore. However, the bottom line decreased by 32% YoY to Rs 29.15 crore.

The company is currently trading at a TTM PE of 11.93x against the industry PE of 26.04x. In FY22, the company delivered an ROE & ROCE of 38% and 47%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 1,904.82 crore.

Share price movements  

Today, the scrip opened at Rs 79 and has touched a high and low of Rs 80.40 and Rs 77.50, respectively. So far, 22,48,591 shares have been traded on the bourses.

At 12.06 pm, the shares of Primo Chemicals Ltd were trading at Rs 77.77, a decrease of 3.90% from the previous closing price of Rs 80.93 on BSE. The stock has a 52-week high & low of Rs 100.90 and Rs 60.10 respectively on BSE.

Company Profile

Primo Chemicals Ltd was incorporated as a Public Limited Company on 1st December 1975 under the name Punjab Alkalies Limited. The company’s main product is Caustic Soda Lye (300 TPD) and by-products are Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite and Hydrogen gas. The company is the largest producer of Caustic Soda in the North India region. The company's plant is located at Naya Nangal in District Ropar, Punjab (India).

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About the Author

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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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