Multibaggers are stocks that provide returns that are multiples of their expenses. These are essentially stocks that are inexpensive and have outstanding fundamentals, making them excellent investing opportunities.
Microcap stocks possess a low market capitalization, often ranging between Rs. 100 crore to Rs. 500 crore. These stocks can give individuals with unique investment options, and the companies are less known with enormous development potential.
Here are three Multibagger Micro-cap Stocks
Growington Ventures India Ltd
Growington Ventures India is the leading importer and exporter of high-quality fruits and Spices in India.The Company provides all the travel and tourism-related services, which include air tickets booking, tour packages, hotels and resort booking, car rental services, visas and event management.
With a market capitalization of Rs 262 crores, the firm falls into the micro-cap category. On July 19, shares closed at Rs 164.95 a share, a 0.21 percent increase from the previous close price.
The company’s share price has climbed from Rs 51.85 to current values in the last year, yielding multibagger returns of 218%. As a result, if an investor bought 1 lakh company shares the previous year, their holdings are now worth 3.18 lakhs!
Company’s revenue climbed by 1800% year on year to 19 crore in FY 22-23 from the previous year, while net profit increased by 2100% to Rs 1 crore and company has zero debt to equity ratio.
Gretex Corporate Services Ltd
Gretex Corporate Services Ltd is in the Merchant Banking sector, offering a wide range of financial and capital market services to our valued clients across the country.
The company is classified as a micro-cap with a market capitalisation of Rs 286 crores. On July 19, the stock closed at Rs 280 per share.
The company’s share price has climbed from Rs 98.75 to current values in the last year, yielding multibagger returns of 183%. As a result, if an investor bought 1 lakh company shares the previous year, their holdings are now worth 2.83 lakhs!
Revenue climbed by 200% year on year to 12 crore in FY 22-23 from the previous year, while net profit increased by 400% to Rs 5 crore and company has zero debt to equity ratio.
Sprayking Agro Equipment Ltd
Sprayking Agro Equipment Ltd trades and exports brass products such as brass sanitary fittings and brass agricultural equipment.
The company is classified as a micro-cap with a market capitalization of Rs 178 crores. On July 19, the stock closed at Rs 168.55 a share, up 4.98 percent from the previous close price.
The company’s share price has climbed from Rs 26.40 to current values in the last year, yielding multibagger returns of 538%. As a result, if an investor bought 1 lakh company shares the previous year, their holdings are now worth 6.38 lakhs!
Company’s revenue climbed by 27% year on year to 19 crore in FY 22-23 from the previous year, while net profit increased by 386% to Rs 1.70 crore and company has 0.05 debt to equity ratio.
Written by Omkar Chitnis
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