Multibagger alert: This small-cap company has doubled investors’ wealth in the last 1 year!

With returns of 123% YoY, the company has outperformed the S&P BSE SmallCap index, of which it is a part.

Orient Bell Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last 1 year. During this period, the company’s share price jumped from Rs 332.45 on 14 July 2021 to Rs 742.90 on 12 July 2022, an increase of 123% YoY. An investment of Rs 1 lakh in this stock last year would have turned to Rs 2.23 lakh today.

With these returns, the company has outperformed the S&P BSE SmallCap index, of which it is a part. In the last 1 year, the index has tumbled from the level of 26,251.10 on 14 July 2021 to 25,781.41 on 12 July 2022, a decline of 1.78% YoY.

Orient Bell is engaged in the manufacturing, trading and selling of ceramic and floor tiles. It offers premium floor tiles and wall tiles in different sizes in India. The company had announced a dividend of Rs 1 per equity share having a face value of Rs 10. Today is the ex-date for this corporate action.

Today, the scrip opened at Rs 750 and has touched a high and low of Rs 761.10 and Rs 735.80, respectively. So far 2032 shares have been traded on the bourses.

Looking at the financials, in the recent quarter Q1FY23, the company’s topline increased by 18.5% YoY to Rs 213 crore. Similarly, the bottom line increased by 102% YoY to Rs 16.19 crore.

The company is currently trading at a TTM PE of 33.33x, as against the industry PE of 35.54x. In FY22, the company delivered an ROE & ROCE of 11.72% and 13.25%, respectively.

At 2.21 pm, the shares of Orient Bell Ltd were trading at Rs 737.90, a decrease of 0.67% from the previous day’s closing price of Rs 742.90 on BSE. The stock has a 52-week high & low of Rs 790.20 and Rs 284.30 respectively on BSE.