Shares of this renewable energy stock under the ‘micro-cap’ category have proven to deliver multibagger returns over a short-term period of just four years. In the past year, the company’s stock rose close to 90 percent for its holders.
Incorporated in 2010, Taylormade Renewables Limited is an India-based company engaged in the business of providing renewable energy solutions.
It offers solar wastewater evaporation systems named ‘TRL-RAIN’ for evaporation and condensation from various saline, chemically induced water, and other wastewater produced from various industries, such as oil and gas, textiles and tanneries, power generation, mining, food and beverages, and others
With a market capitalization of Rs 523 crores, the company’s shares opened the trading hour on Friday at Rs 496.90 and, after some volatility, the stock closed the session at Rs 471.50, slipping around 3.30 percent compared to the previous close of Rs 487.15 apiece.
According to the data available from the Bombay Stock Exchange (BSE), the company’s stock has given multibagger returns of approximately 16,500 percent over a period of just four years ranging from Rs 2.88 per share in April 2020 to the prevailing share price level.
The same means that if someone had invested Rs 10,000 into the stock four years ago, it would have converted to around Rs 16.60 lakhs. Coming onto the latest financial reports, the company, on a half-yearly basis, portrayed an increase in operating revenues as well as net profits.
The operating revenues increased from Rs 12.25 crores during the March 2023 quarter to Rs 26.11 during the September 2023 quarter, and, the net profits, in congruence, rose from Rs 1.90 crores to Rs 8.05 crores keeping the timeframe the same.
In addition to the above, the standalone return ratios of the company, viz, the return on equity (RoE) as well as the return on capital employed (RoCE), were reported at decent numbers during FY22-23 with the former reported at 9.54 percent and the latter at 15.07 percent.
As per the latest presentations, the company expects to grow its current order book to approximately USD 40 million and more orders across multiple sectors are expected to be
closed soon. It also looks at various acquisitions and exploring synergies with multiple government companies for Large wastewater treatment installations.
Written by Amit Madnani
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