This edible oil company delivered over 350% returns to its investors in the last 2 years!

resr 5paisa Research Team

Last Updated: 7th September 2023 - 05:09 pm

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An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.63 lakh today.

BCL 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 90.6 on 28 January 2021 to Rs 419.95 on 27 January 2023, an increase of 363% 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 4.63 lakh today.

BCL Industries & Infrastructures Ltd is engaged in the business of extracting, manufacturing and marketing clarified butter and oil. The company also manufactures vegetable, mustard, sunflower, cottonseed, soybean and rice bran oils, clarified butter, oil cakes, stearic acid, acid oil, soap stock, and other products. The company is also engaged in the business of Real Estate, Oil & Vanaspati, and Distillery units.

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue decreased by 2.24% YoY to Rs 452 crore. However, the company incurred a net loss of Rs 0.82 crore owing to relatively high expenses.

The company is currently trading at a TTM PE of 15.47x, as against the industry PE of 61.8x. In FY22, the company delivered an ROE & ROCE of 26% and 23%, respectively. It is a constituent of Group A stocks and commands a market capitalisation of Rs 1,013.09 crore.

Today, the scrip of BCL Industries Ltd opened at Rs 407 and has touched a high and low of Rs 428 and Rs 405.60 respectively. So far 3,031 shares have been traded on the bourses.

At 12 pm, the shares of BCL Industries Ltd were trading at Rs 419, a decrease of 0.23% from the previous closing price of Rs 419.95 on BSE. The stock has a 52-week high and low of Rs 525 and Rs 276.15, respectively on BSE.

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