This automotive component manufacturing company delivered nearly 300% returns in the last two years!

Multi-bagger Stocks

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 6.1k 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 3.83 lakh today.

Pricol 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 46.85 on 29 December 2020 to Rs 179.85 on 23 December 2022, an increase of 283% 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 3.83 lakh today.

Pricol Limited commenced its operations in 1975 in Coimbatore, South India in the manufacture of automotive instruments. Committed to leadership and excellence and guided by its core values, Pricol continues its stride as a reputable global brand in the automotive component and products business. The company provides leading automobile and industrial brands with precision-engineered technological solutions in over 45 countries.

Looking at the financial performance, in the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue increased by 26.6% YoY to Rs 501 crore. Similarly, the bottom line increased 224% YoY to Rs 47.5 crore.

The company is currently trading at a TTM PE of 21.3x against the industry PE of 33.4x. In FY22, the company delivered an ROE & ROCE of 9.9% and 14.5%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 2,252.37 crore.

Today, the scrip of Pricol Ltd opened at Rs 181.35 and has touched a high and low of Rs 187.05 and Rs 175, respectively. So far 41,335 shares have been traded on the bourses.

At 11.07 am, the shares of Pricol Ltd were trading at Rs 185.90, an increase of 3.36% from the previous closing price of Rs 179.85 on BSE. The stock has a 52-week high & low of Rs 216.70 and Rs 96.45, respectively on BSE.

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