This S&P BSE SmallCap stock surged over 400% in last two years!

This S&P BSE SmallCap stock surged over 400% in last two years!

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-10-19T12:15:53+05:30

The company’s shares logged a fresh 52-week high today.

Apar 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 has jumped from Rs 282.75 on 20 October 2020 to Rs 1494.20 on 18 October 2022, an increase of 428% 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 5.28 lakh today.

Apar Industries Limited operates in the diverse fields of electrical, metallurgical and chemical engineering. Over the years, the company has evolved into a diversified USD 850 million conglomerate, offering value added products and services in the areas of power transmission conductors and petroleum specialty products.

Looking at the financial performance, in the recent quarter Q1FY23, on a consolidated basis, the company’s net revenue increased by 71% YoY to Rs 3083.41 crore. Similarly, the bottom line increased by 96% YoY to Rs 122.46 crore.

On the relative valuation front, the company is currently trading at a TTM PE of 18.04x, as against the industry PE of 50.5x. In FY22, the company delivered a ROE & ROCE of 16.4% and 28.2% respectively.

Today, the scrip opened at Rs 1509.95 and has touched a high and low of Rs 1555 and Rs 1501.55, respectively. With the intra-day high of Rs 1555, the company registered a new 52-week high today. So far 4,520 shares have been traded on the bourses. The company’s shares have been put under Additional Surveillance Measure (ASM) Stage 1 for short term.

At 12.03 pm, the shares of Apar Industries Ltd were trading at Rs 1549.70, an increase of 3.71% from the previous day’s closing price of Rs 1494.20 on BSE. The stock has a 52-week high & low of Rs 1555 and Rs 558.60 respectively on BSE.

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