Return on equity (RoE) and return on capital employed (RoCE) are the two most popular metrics that are tracked by various analysts and institutions as they lead to an amount investors get on their respective investments.
Listed below are two multibagger Metal stocks that have reported a return of equity (RoE) of more than 25 percent during FY22-23:
Permanent Magnets Limited
With a market capitalization of Rs 1,268.01 crores, the stocks of Permanent Magnets Limited, engaged in the business of manufacturing cast magnets as well as accessories pertaining to electricity meters, are currently trading at Rs 1,474.70, gaining around 3.50 percent as compared to the previous closing price of Rs 1,424.95 apiece.
Keeping a purview of one year, the company’s stock has been successful in delivering multibagger returns of approximately 237 percent, i.e., if someone had invested Rs 1 Lakh into the company’s stock, it would have converted to Rs 3.37 Lakhs within the mentioned period.
Having a look at the recent financials reported by the company, the operating revenues as well as net profits shifted upwards with the former moving up from Rs 129 crores during FY21-22 to Rs 182 crores during FY22-23, and, the latter moving up from Rs 19 crores to Rs 29 crores during the same time period.
In addition to the above, the company reported a return on equity (RoE) of 26.81 percent during FY22-23.
Gravita India Limited
With a market capitalization of Rs 5,373.57 crores, the stocks of Gravita India Limited, engaged in the business of metal fabrication, are currently trading at Rs 778.35, slipping around 0.70 percent as compared to the previous closing price of Rs 783.55 apiece.
Keeping a purview of one year, the company’s stock has been successful in delivering multibagger returns of approximately 136 percent, i.e., if someone had invested Rs 1 Lakh into the company’s stock, it would have converted to Rs 2.36 Lakhs within the mentioned period.
Having a look at the recent financials reported by the company, the operating revenues as well as net profits shifted upwards with the former moving up from Rs 2,215 crores during FY21-22 to Rs 2,800 crores during FY22-23, and, the latter moving up from Rs 148 crores to Rs 204 crores during the same time period.
In addition to the above, the company reported a return on equity (RoE) of 34.14 percent during FY22-23.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
