This BSE small-cap chemical company delivered multibagger returns of over 20 times in just two years!

Multi-bagger Stocks

by 5paisa Research Team Last Updated: Jan 10, 2023 - 03:09 pm 3.9k Views

Today, the stock opened at Rs 135.50 and touched a high and low of Rs 135.95 and Rs 133.30.

At noon on January 10, the shares of Shankar Lal Rampal Dye-Chem Ltd were trading at Rs 135.35, which is a more than 2000% return in two years. On January 21, 2021, the stock was trading at Rs 6.36, and throughout the two-year holding period, it generated multibagger returns, increasing its investors’ wealth more than 20 times. The S&P BSE 500 index, on the other hand, has generated gains of 23% for the past two years beginning on January 22, 2020. In one year, the stock has delivered returns of 390%.

Incorporated in 2005, Shankar Lal Rampal Dye-Chem Ltd is engaged in the business of trading in dyes, chemicals and allied products. It also provides different chemicals on a commission basis to meet the specific requirements of the clients. The company offers an entire range of speciality chemicals used in Sanitization-based products, Textiles & Garments processing.

On a consolidated basis, the company's net revenue climbed by 58.35% YoY to Rs 74.74 crore in the recent quarter, Q2FY23 from Rs 47.20 crore in Q2FY22. The profit after tax (PAT) rose by 29.40% YoY and stood at Rs 5.37 crore from Rs 4.15 crore in the previous year’s same quarter. The company is currently trading at a TTM PE of 27.62x. Shankar Lal Rampal Dye-Chem Ltd achieved ROE & ROCE of 42.76% and 46.58% with a market capitalization of Rs 866.75 crore.

Today, the stock opened at Rs 135.50 and touched a high and low of Rs 135.95 and Rs 133.30. The stock has a 52-week high and low of Rs 194.00 and Rs 25.39, respectively on BSE. The promoter holding in the company stood at 73.51%.

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