Net Profit, one of the most tracked metrics in the capital market industry, measures a company’s profitability, i.e., how efficiently a company is earning a margin of money as compared to the revenues generated.
Listed below are three stocks associated with the ‘Steel’ industry that portray a Net Profit CAGR of up to 190 percent during a tenure of 3 years:
Technocraft Industries (India) Limited
With a market capitalization of Rs 4,511.97 crores, the stocks of Technocraft Industries (India) Limited opened their trading hour on Wednesday at Rs 2,046.45 and currently trade at Rs 1,965, slipping around 2.70 percent as compared to the previous close of Rs 2,019.45 apiece.
Keeping a purview of one year, the company’s stock has proven to deliver multibagger returns of around 136 percent, i.e., if someone had invested 1 Lakh in the stock, it would have converted to Rs 2.36 Lakhs within a period of one year.
Over the past 3-year period, the company’s movements in the Net Profit figures show a compounded annual growth rate (CAGR) of around 31.23 percent, i.e., from Rs 123 crores during FY19-20 to Rs 278 crores during FY22-23.
Godawari Power and Ispat Limited
With a market capitalization of Rs 7,820.24 crores, the stocks of Godawari Power and Ispat Limited opened their trading hour on Wednesday at Rs 590.90 and currently trade at Rs 576, slipping around 2.50 percent as compared to the previous close of Rs 590.15 apiece.
Keeping a purview of one year, the company’s stock has proven to deliver returns of around 93 percent, i.e., if someone had invested 1 Lakh in the stock, it would have converted to Rs 1.93 Lakhs within a period of one year.
Over the past 3-year period, the company’s movements in the Net Profit figures show a compounded annual growth rate (CAGR) of around 65.45 percent, i.e., from Rs 174 crores during FY19-20 to Rs 788 crores during FY22-23.
Jindal Stainless Limited
With a market capitalization of Rs 41,583.45 crores, the stocks of Jindal Stainless Limited opened their trading hour on Wednesday at Rs 507.05 and currently trade at Rs 505, slipping around 0.90 percent as compared to the previous close of Rs 509.40 apiece.
Keeping a purview of one year, the company’s stock has proven to deliver multibagger returns of around 280 percent, i.e., if someone had invested 1 Lakh in the stock, it would have converted to Rs 3.80 Lakhs within a period of one year.
Over the past 3-year period, the company’s movements in the Net Profit figures show a compounded annual growth rate (CAGR) of a spectacular 190 percent, i.e., from Rs 80 crores during FY19-20 to Rs 1,973 crores during FY22-23.
Written by Amit Madnani
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