Keeping the recent corrections in the Indian Benchmark Indices aside, the longer timeframe represents an exhaustive list of stocks that have delivered multibagger returns for its stakeholders.
Listed below are four multibagger stocks under ₹300 that portray a Price-to-earnings (P/E) ratio lesser than the industry average:
Man Industries (India) Limited
With a market capitalization of Rs 1,512.19 crores, the stocks of Man Industries (India) Limited closed at Rs 251.60 on Friday, slipping approximately 0.50 percent compared to the previous closing levels of Rs 253 apiece. The stock exhibits a price-to-earnings (P/E) ratio of 13.40, less than the industry average of 19.82.
Keeping a purview of a year, the company’s stock has been successful in delivering multibagger returns of around 245 percent to its stakeholders. The same means if someone had invested Rs 1 lakh into the company’s stock, it would have converted to Rs 3.45 lakhs.
Coming onto the financials of the company, the prime indicators of business such as operating revenues and net profits, during the recent quarters, showed positive movements.
The former increased from Rs 490.42 crores during Q1FY23-24 to Rs 1,018 crores during Q2FY23-24, and, the latter, during the same period, moved up from Rs 11.21 crores to Rs 39.04 crores.
Vascon Engineers Limited
With a market capitalization of Rs 1,606.10 crores, the stocks of Vascon Engineers Limited closed at Rs 72.57 on Friday, gaining approximately 1.90 percent compared to the previous closing levels of Rs 71.24 apiece. The stock exhibits a price-to-earnings (P/E) ratio of 15.73, less than the industry average of 25.11.
Keeping a purview of a year, the company’s stock has been successful in delivering multibagger returns of around 141 percent to its stakeholders. The same means if someone had invested Rs 1 lakh into the company’s stock, it would have converted to Rs 2.41 lakhs.
Coming onto the financials of the company, the prime indicators of business such as operating revenues and net profits, during the recent quarters, showed opposing movements.
The former, on one end, increased from Rs 204.46 crores during Q1FY23-24 to Rs 217.1 crores during Q2FY23-24, and, the latter, on the other end, moved down from Rs 11.78 crores to Rs 4.67 crores.
Marksans Pharma Limited
With a market capitalization of Rs 7,261.95 crores, the stocks of Marksans Pharma Limited closed at Rs 160.25 on Friday, gaining approximately 0.70 percent compared to the previous closing levels of Rs 159.20 apiece. The stock exhibits a price-to-earnings (P/E) ratio of 24.23, less than the industry average of 32.63.
Keeping a purview of a year, the company’s stock has been successful in delivering multibagger returns of around 171 percent to its stakeholders. The same means if someone had invested Rs 1 lakh into the company’s stock, it would have converted to Rs 2.71 lakhs.
Coming onto the financials of the company, the prime indicators of business such as operating revenues and net profits, during the recent quarters, showed positive movements.
The former increased from Rs 500.03 crores during Q1FY23-24 to Rs 531.24 crores during Q2FY23-24, and, the latter, during the same period, moved up from Rs 70.44 crores to Rs 83.85 crores.
Electrosteel Castings Limited
With a market capitalization of Rs 6,686.34 crores, the stocks of Electrosteel Castings Limited closed at Rs 112.45 on Friday, gaining approximately 1.50 percent compared to the previous closing levels of Rs 110.80 apiece. The stock exhibits a price-to-earnings (P/E) ratio of 15.78, less than the industry average of 36.04.
Keeping a purview of a year, the company’s stock has been successful in delivering multibagger returns of around 220 percent to its stakeholders. The same means if someone had invested Rs 1 lakh into the company’s stock, it would have converted to Rs 3.20 lakhs.
Coming onto the financials of the company, the prime indicators of business such as operating revenues and net profits, during the recent quarters, showed positive movements.
The former increased from Rs 1,685.03 crores during Q1FY23-24 to Rs 1,919.34 crores during Q2FY23-24, and, the latter, during the same period, moved up from Rs 74.92 crores to Rs 174.65 crores.
Written by Amit Madnani
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