Multibagger alert: Investors of this luggage company gained 120% returns in a year!

Multibagger alert

by 5paisa Research Team Last Updated: 2022-04-21T13:05:07+05:30

An investment of Rs 1 lakh in this stock last year would have turned to Rs 2.2 lakh today.  

VIP Industries Ltd, an S&P BSE 500 company, has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 319.85 on 22 April 2021 to Rs 706.10 on 20 April 2022, an increase of 120.7% YoY. An investment of Rs 1 lakh in this stock last year would have turned to Rs 2.2 lakh today. 

These returns are 5.3 times the returns delivered by the S&P BSE 500 index, of which the index is a part. In the last 1 year, the index has climbed from the level of 19,311.54 on 22 April 2021 to 23,644.32 on 20 April 2022, a rally of 22.43 YoY.  

VIP Industries Ltd, one of the S&P BSE 500 companies, is engaged in the manufacturing of luggage and travel accessories. As India's largest luggage manufacturing company, it has more than 8,000 retail outlets across India and a network of retailers in 50 countries.  

The company is the proud owner of many renowned brands like VIP, Aristocrat, Alfa, Footloose, Skybags and Carlton which cover the entire spectrum of travel products. Its product portfolio comprises a diverse range of hard-sided and soft-sided luggage.  

The company is currently trading at a TTM PE of 197.14x, as against the industry PE of 54.64x. In Q3FY22, the company’s net revenue went up by 70.88% YoY to Rs 397.34 crore. The PBIDT (ex OI) increased by 602% YoY to Rs 57.15 crore. Similarly, the net profit went up by a whopping 578% YoY to Rs 33.47 crore.  

At 12.33 pm, the shares of VIP Industries Ltd were trading at Rs 708.80, an increase of 0.38% from the previous day’s closing price of Rs 706.10 on BSE. The stock has a 52-week high & low of Rs 774.50 and Rs 314.20 respectively on BSE. 

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