Small-cap stocks are those with a market capitalization below ₹16,800 crore. These companies may be less well-known than large-cap companies, but they offer investors the opportunity to earn higher returns.
Here are three small-cap stocks with multi-bagger returns in the last month.
Salasar Techno Engineering Ltd
Salasar Engineering Limited, founded in 2006 as a tower manufacturer, has evolved into a fast-growing steel structure manufacturer and EPC infrastructure company, offering services in the telecom, energy, and railway sectors.
The multi-bagger company’s share price rose by 135 percent in the last month and 287 percent in the last year. For Instance, if an investor invested Rs 1 Lakh three months ago the current value of the investment would be 2.35 Lakhs.
According to the company’s financials, net revenue rose by 26% YoY, from ₹241 crore in Q3FY23 to ₹304 crore in Q3FY24. In addition, their net profit increased by 54% YoY, from ₹11 crores in Q3FY23 to ₹17 crores in Q3FY24.
The company Salasar Techno Engineering Ltd is a small-cap with a market capitalization of ₹2,000 crores, the share price of the company hit a 5% upper circuit at ₹34.08 per share from its previous close of ₹32.46 on Wednesday.
Cropster Agro Ltd
The company was founded in 1985. Planter’s Polysacks Ltd manufactures and trades containers, packaging, textiles, and textile-related products. It also engages in real estate.
Cropster Agro Ltd gave a multi-bagger return of 178% in the last month and 362% in the last year. For instance, if an investor invested ₹1 Lakh three months ago the current value of the investment would be ₹2.78 Lakhs.
Net revenue of Cropster Agro Ltd increased by 26.5% QoQ, from ₹13.91 crore in Q2FY24 to ₹17.61 crore in Q3FY24. Net profit of the company rose by 494% QoQ, from ₹0.78 crores in Q2FY24 to ₹4.64 crores in Q3FY24.
Cropster Agro Ltd is a small-cap company with a market capitalization of ₹1,940 crores. The company’s share price hit a 5% upper circuit at ₹776.80 per share, up from ₹739.85 on Wednesday.
IFCI Ltd
IFCI, formerly the Industrial Finance Corporation of India, is a nonbanking finance company owned by the Indian government that was established to meet the industrial sector’s long-term financing needs.
The company’s share price increased by 127 percent in the last month and 476 percent in the last year. For example, if an investor invested Rs 1 lakh a month ago, the current value would be 2.27 lakh.
Looking at the IFCI Ltd financials, the net revenue increased by 47% YoY, from ₹413 crore in Q2FY23 to ₹607 crore in Q2FY24. Net profit of the company fell by 16.7% YoY, from ₹209 crores in Q2FY23 to ₹174 crores in Q2FY24.
IFCI Ltd has a market capitalization of ₹17,000 crores, on Wednesday’s trading session the share price had a 5% upper circuit at ₹68.54 per share from its previous close of ₹65.28.
Written by Sriram KV
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