Multibagger Stock: 120% Return in 2 Years! Market stock in Mars? –

Multibagger Stock: Ganesh Benzoplast was established in 1974, the company is engaged in the manufacturing and export business of Drug Intermediates, Pharmaceutical Intermediates, Bulk Drug Intermediates, Food Preservatives, Lubricants, API/Bulk Drugs etc. The company has two divisions, Liquid Storage Tanks. (LST) Division and Chemical Division. Products offered by the company include Food Preservatives, Petroleum Sulfonates, Lubricant Additives, Lubricant Ingredients and API/ Bulk Drugs.

The share price of the company rose from Rs 61.50 on 06 January 2021 to Rs 137.10 on 06 January 2023, a gain of over 120% in the last two years of holding period. The stock has given impressive returns in the last 2 years, while the S&P BSE SmallCap index has returned around 55% in the last two years.

On a consolidated basis, the company’s net income rose 17.33% YoY to Rs 95.8 crore in the latest quarter, Q3FY23. Bottom line grew 214% YoY to Rs 13.5 crore. The stock is currently trading at a TTM PE of 19.9x, compared to an industry PE of 27.7x. The company achieved ROE and ROCE of 13.1% and 16.4%. The company is a component of Group B stocks and manages a market capitalization of Rs 852.45 crore

Today, the stock opened at Rs.135.30 with a high and low of Rs.137.90 and Rs.135.30. The stock has a 52-week high and low of Rs 156.00 and Rs 81.10 respectively on BSE.

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