This BSE small-cap chemical company delivered multibagger returns of over 500% in just two years!

This BSE small-cap chemical company delivered multibagger returns of over 500% in just two years!

Stock Recommendations
by 5paisa Research Team Last Updated: 2023-01-03T12:27:00+05:30

Today, the stock opened at Rs 232.80 and touched a high and low of Rs 232.80 and Rs 222.00.

At noon on January 3, the shares of Lords Chloro Alkali were trading at Rs 222, which is a more than 539% return in two years. On January 05, 2021, the stock was trading at Rs 34.7, and throughout the two-year holding period, it generated multibagger returns, increasing its investors’ wealth more than 5 times. The S&P BSE 500 index, on the other hand, has generated gains of 26% for the past two years beginning on January 5, 2020.

Lords Chloro Alkali Ltd (LCAL), a public limited company formed by the Modi Group of Industries, received its certificate of commencement of business on March 5, 1981. The company is traded on the Bombay Stock Exchange and produces a variety of chloro-alkali chemicals. The company's manufacturing facility is in Alwar, Rajasthan. The company has a Caustic Soda capacity of 220 Tonne per day installed.

On a consolidated basis, the company's net revenue climbed by 61.91% YoY to Rs 76.47 crore in the recent quarter, Q2FY23 from Rs 47.23 crore in Q2FY22. The profit after tax (PAT) rose by 590.57% YoY and stood at Rs 14.64 crore from Rs 2.12 crore in the previous year’s same quarter. The company is currently trading at a TTM PE of 8.86x. Lords Chloro Alkali achieved ROE & ROCE of 32.27% and 34.73% with a market capitalization of Rs 558.42 crore.

Today, the stock opened at Rs 232.80 and touched a high and low of Rs 232.80 and Rs 222.00. The stock has a 52-week high and low of Rs 165.70 and Rs 14.25, respectively on BSE.

Shares of Lords Chloro Alkali have delivered returns of 418.80% in one year, while in the last six months, the stock has surged nearly 57.75%.

Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

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.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number