Multibagger stock: Rs 1 lakh invested in this small-cap company 2 years ago would have been Rs 20 lakh today

Multibagger stock: Rs 1 lakh invested in this small-cap company 2 years ago would have been Rs 20 lakh today

by 5paisa Research Team Last Updated: 2022-07-05T13:18:11+05:30

From Rs 44 to Rs 892, this small-cap stock has risen 20 times or 2000% in 2 years. 

PG Electroplast Ltd (PGEL) has given mindboggling returns in the last 2 years, swelling investors' wealth during that period. This small-cap company is a diversified Electronic Manufacturing Services and Plastic Injection Moulding company catering to leading OEMs in Consumer Electronics and Automotive Industry.

The shares of PGEL have outperformed the sectoral indices by a huge margin- S&P BSE Smallcap which had risen 50% in two years and S&P BSE Consumer Discretionary Goods & Services (of which it is a constituent) has risen 64%.

  •  Rs 1,00,000 invested just 1 year ago would have become Rs 2,15,000 giving a price return of 115% and,

  • Rs 1,00,000 invested 2 years ago would have swelled to a mindboggling Rs 20,00,000 giving a price return of 2000% or 20x.

 The company has shown tremendous growth in revenue from Rs 400 crore in 2018 to Rs 1000 crore in 2022 growing at a CAGR of 26.5%. Similarly, the net profit has shown a CAGR of 45% during the same period from Rs 7.5 crore to Rs 33 crore. Major clients of PGEL include reputed brands like LG Electronics, Carrier, Jaguar, Kohler, Usha, Whirlpool, SMR, Bright Auto, and others.

The company’s share price is currently trading at a TTM P/E of 57.43x times, compared to the industry P/E of 50.92x. Shares of PGEL have logged 52-week high and low of Rs 1006.55 and Rs 287.60 respectively.

At 11.40 am, shares of PGEL were quoting at Rs 902.50 up 1.02% or Rs 9.10 per share.

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