Multibagger alert: This textile company has doubled investors’ wealth in the last one year!

Multibagger alert: This textile company has doubled investors’ wealth in the last one year!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 10:52 am 30.6k Views
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The returns delivered by the company are 5.25 times the returns delivered by the S&P BSE 500 index, of which the company is a part.

Swan Energy 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 135.20 on 22 April 2021 to Rs 306.55 on 21 April 2022, an increase of 126% YoY. An investment of Rs 1 lakh in this stock last year would have turned to Rs 2.26 lakh today.

These returns are 5.25 times the returns delivered by the S&P BSE 500 index, of which the company is a part. In the last one year, the index has climbed from the level of 19,311.54 on 22 April 2021 to 23,966.48 on 21 April 2022, a rally of 24% YoY. Swan Energy Ltd was set up in 1909 as a textile company. In 2004, the company forayed into the real estate business and then into the green energy sector in 2008.

In this sector, the company intends to tap the positive growth tailwind in the Indian energy sector with an innovative Re-gasification Project - LNG FSRU unit. The company believes that given the huge demand-supply gap in the natural gas sector, the FSRU unit provides a significant upside to its growth.

Moreover, the company has a pan-India presence, catering to various segments.

In the recent quarter Q3FY22, the company’s topline increased by 16.55% sequentially to Rs 69.29 crore. However, the PAT stood at a loss of Rs 39.50 crore. In FY21, the company delivered an ROE & ROCE of 0.08% and 1.28%, respectively.

At 12.11 pm, the shares of Swan Energy Ltd were trading at Rs 317.60, an increase of 3.60% from the previous day’s closing price of Rs 306.55 on BSE. The stock has a 52-week high & low of Rs 318 and Rs 112.50 respectively on BSE.

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