Multibagger alert: This stock from the houseware sector has gained over 152% in a year!
Borosil Ltd has delivered over 89% return in just last three months.
Borosil Ltd, which is one of the leading consumer glassware companies in India, has multiplied shareholders wealth by over 2.5 times in just trailing twelve months. The stock was trading at Rs 169.9 on December 21, 2020, from where it closed at Rs 422.25 on 20 December 2021 on the BSE.
The multibagger company had a robust quarterly performance. Net sales for the quarter ended September 21 came in at Rs 222 crore compared to Rs 138 crore in Q1 FY22. That is a high growth of nearly 61% on a sequential basis and 59% on a YoY basis. The EBITDA (exclusive of other income) was Rs 47 crore which saw an exploding growth of 167% QoQ and 145% YoY. The company recorded a net profit of Rs 27 crore in the quarter, while it had recorded net losses of Rs (1.9) crore in the Q1FY22. The profitability too has grown multifold by 192% on a YoY basis. The shareholders of Borosil might have anticipated a strong quarter which has well reflected in the share price.
In the trailing twelve months, the stock has risen from the level of Rs 223 as of September 20, 2021, which as of now has almost doubled its shareholder's money. That is a massive bull rally.
According to the company’s press release, this multibagger company’s opalware segment (a type of glass that is used in dinner sets and other kitchenware) registered the highest growth of 141.4% for the quarter.
Borosil Ltd is engaged in the manufacturing and distribution of consumer glassware, laboratory glassware and other pharmaceutical packaging, and opal ware.
The stock has a 52-week high of Rs 498.65 and a 52-week low of Rs 158.00.
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