Multibagger Stocks: This small cap stock gave 450% return in two years, know how this company works – gravita india delivered 450 percent return

New Delhi : Gravita India Limited is engaged in the business of recycling and manufacturing lead metal by smelting process and other major products. The company’s product range includes pure lead ingot, lead alloys, litharge, red lead and lead sub-oxide. The company is engaged in manufacturing of lead and lead products with environment friendly process. The company is one of the largest lead producers in India.

The share price of the company increased from Rs 79.6 on January 14, 2021 to Rs 444.50 on January 13, 2023. It has grown by more than 450% in the last two year holding period. The stock has given tremendous returns during the last 2 years. While S&P BSE SmallCap Index has given almost 55% returns in the last two years.

The company’s net revenue on a consolidated basis grew 25% YoY to Rs 682.6 crore in the most recent quarter Q3FY23. The company’s profit grew by 15.30% on a year-on-year basis to Rs 45 crore. The stock is currently trading at a TTM PE of 18.29x as against industry PE of 8.46x. The company has achieved ROE and ROCE of 45.20% and 31.19%. The market capitalization of the company is Rs 3,188.86 crore.

Today the stock opened at Rs 453.15. It touched a high of Rs 464.55 and a low of Rs 453.15 in early trade. The stock’s 52-week high and low is Rs 473.20 and Rs 230.95 respectively on BSE.

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