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A few stocks from the Nifty 500 index have been star performers this year as they gave stellar returns and became multibaggers in an otherwise weak market. These stocks gave multibagger returns of more than 1000%, even as the benchmark indices were in the red. 

Here are four stocks that gave multibagger returns and became wealth creators: 

Mazagon Dock Shipbuilders Ltd. 

The company primarily builds and repairs ships, submarines and other vessels for various international and domestic clients. It topped the list of wealth creators with multibagger returns of 143.23% in the past year. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.43 lakhs today! 

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Mazagon Dock Shipbuilders is a small-cap company with a market capitalization of ₹ 13,180 crores. It has a return on equity of 16.76% and an ideal debt-to-equity ratio of 0.00. Moreover, it has a high dividend yield of 2.73% and its shares closed at ₹ 660.50 apiece on Friday. 

Varun Beverages Ltd

The beverage maker is one of the largest franchisees of Pepsico and has been associated with it since the 1990s. Its shares zoomed 118.05% in the past year to give multibagger returns. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.18 lakhs today! 

Varun Beverages is a large-cap company with a market capitalization of ₹ 88,174 crores. It has an excellent return on equity of 32.62% and an ideal debt-to-equity ratio of 0.76. It has a dividend yield of 0.07% and its shares closed at ₹ 1,384.25 apiece on Friday. 

Finolex Cables Ltd

The company manufactures electrical and telecommunication cables in India and has been operating for more than 50 years, with a leadership position in the industry. Its shares zoomed 102.48% in the past year to give multibagger returns. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.02 lakhs today! 

Finolex Cables is a small-cap company with a market capitalization of ₹ 12,394 crores. It has an ideal return on equity of 16.33% and an ideal debt-to-equity ratio of 0.00. It has a dividend yield of 0.74% and its shares closed at ₹ 804.55 apiece on Friday. 

Rail Vikas Nigam Ltd. 

The state-run company is engaged in the business of implementing various types of Rail infrastructure projects assigned by the Ministry of Railways. Its shares climbed 102.96% in the past year to give multibagger returns. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.02 lakhs today!

Rail Vikas Nigam Ltd. is a small-cap company with a market capitalization of ₹ 13,980 crores. It has an ideal return on equity of 19.66% and an ideal debt-to-equity ratio of 0.91. It has a high dividend yield of 3.01% and its shares closed at ₹ 68.60 apiece on Friday. 

Written by Simran Bafna

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