About three years ago, domestic benchmark indices had plunged 10% after the government’s decision to impose a country-wide lockdown to curb the spread of the Covid-19 pandemic and this move battered investor sentiment. However, three years later, plenty of stocks have managed to deliver multibagger returns after the great fall.
Here are a few midcap stocks that delivered multibagger returns in the past three years:
Linde India Ltd
It primarily manufactures industrial and medical gases and construction of cryogenic and non-cryogenic air separation plants. Its share price increased from ₹ 472.15 apiece to the current level of ₹ 3958.00, giving multibagger returns of 738%. Therefore if an investor would have invested ₹ 1 lakh in the company’s shares three years ago, the value of their holdings would have been ₹ 8.38 lakhs today!
Linde India has a market capitalization of ₹ 33,392 crores and is a mid-cap company. It has an ideal return on equity of 20.50% and an ideal debt-to-equity ratio of 0.01.
Gujarat Fluorochemicals Ltd
It is one of the leading producers of Fluoro-polymers, Fluoro-specialities, Chemicals and Refrigerants in India and is one of the top five global players in the fluoropolymers market. Its share price increased from ₹ 331.50 apiece to the current level of ₹ 3042.00, giving multibagger returns of 817%. Therefore if an investor would have invested ₹ 1 lakh in the company’s shares three years ago, the value of their holdings would have been ₹ 9.17 lakhs today!
Gujarat Fluorochemicals has a market capitalization of ₹ 33,960 crores and is a mid-cap company. It has an ideal return on equity of 20.32% and an ideal debt-to-equity ratio of 0.35.
Apl Apollo Tubes Ltd
It is one of India’s leading branded steel products manufacturers. The company’s share price increased from ₹ 130.85 to the current level of ₹ 1211.00, giving multibagger returns of 825%. Therefore if an investor would have invested ₹ 1 lakh in the company’s shares three years ago, the value of their holdings would have been ₹ 9.25 lakhs today!
Apl Apollo Tubes has a market capitalization of ₹ 34,496 crores and is a mid-cap company. It has a high return on equity of 29.85% and an ideal debt-to-equity ratio of 0.36.
Poonawalla Fincorp Ltd
It is a non-deposit-taking NBFC registered with the RBI. It provides consumer and MSME financing, as well as general insurance services. Its share price increased from ₹ 20.00 apiece to the current level of ₹ 280.50, giving multibagger returns of 1303%. Therefore if an investor would have invested ₹ 1 lakh in the company’s shares three years ago, the value of their holdings would have been ₹ 14.03 lakhs today!
Poonawalla Fincorp has a market capitalization of ₹ 21,974 crores and is a mid-cap company. It has a low return on equity of 9.09% and an ideal debt-to-equity ratio of 1.94.
KPIT Technologies Ltd
It is a global technology company enabling customers to accelerate the implementation of next-generation mobility technologies. Its share price increased from ₹ 44.30 apiece to the current level of ₹ 883.00, giving multibagger returns of 1893%. Therefore if an investor would have invested ₹ 1 lakh in the company’s shares three years ago, the value of their holdings would have been ₹ 19.93 lakhs today!
KPIT Technologies has a market capitalization of ₹ 23,812 crores and is a mid-cap company. It has an ideal return on equity of 21.80% and an ideal debt-to-equity ratio of 0.13.
CG Power and Industrial Solutions Ltd
It is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. The company’s share price increased from ₹5.85 to the current level of ₹ 287, giving multibagger returns of 4806%. Therefore if an investor would have invested ₹ 1 lakh in the company’s shares three years ago, the value of their holdings would have been ₹ 49.06 lakhs today!
CG Power and Industrial Solutions has a market capitalization of ₹ 45,249 crores and is a mid-cap company. It has a high return on equity of 198.83% and an ideal debt-to-equity ratio of 0.18.
Written by Simran Bafna
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