Last year ended on a higher note for India’s equity markets as the benchmark indices Nifty ended the year with gains of 20 percent and also left investors richer by Rs. 82 lakh crore during the year. Indian equity markets kicked off trading in the new year on a negative note with a decline in the benchmark indices. Due to elevated valuations, analysts believe that the upcoming months might see some bouts of volatility.
Moving into 2024, some of the crucial factors that will decide market direction are 2024 general elections, interest rate cuts and commodity prices, among others.
Listed below are the stocks that are under Rs. 50 and which have delivered multibagger returns in 2023:
Rajasthan Tube Manufacturing Co Ltd
With a market capitalisation of Rs. 18 crores, the shares of this steel tube manufacturing company started Tuesday’s trading session on a flatter note at Rs. 40.50 compared to its previous close of Rs. 40.30. The shares hit a low of Rs. 39.90, making a loss of around 1 percent and currently trading at Rs. 39.90 apiece.
The shares have delivered a multibagger return of 143 percent return to its shareholders in one year. For example, if someone had invested Rs.1 lakh in the shares a year ago then it would have turned Rs. 2.43 lakhs now.
Coming onto the company’s financial statements, the revenue zoomed by 87 percent from Rs. 53 crores during FY21-22 to Rs. 100 crores during FY22-23. Furthermore, the net profits of the company remained constant at Rs. 1 crore during the same period.
Looking at the important financial ratios, the return on equity increased from 11.48 percent during FY21-22 to 10.79 percent during FY22-23. On a contrasting note, the return on capital employed decreased from 11.48 percent to 10.79 percent during the same timeframe. Furthermore, the net profit margins for FY22-23 stood at 0.96 percent.
Headquartered in Jaipur, Rajasthan Tube Manufacturing Co was incorporated in 1985. The company is engaged in the manufacturing and trading of Black and Galvanized ERW Steel tubes and Pipes.
Stratmont Industries Ltd
With a market capitalisation of Rs. 15.4 crores, the shares of co*king coal and LAM co*ke trading company started Tuesday’s trading session on a higher note at Rs. 44.04 compared to its previous close of Rs. 43.18. Within a few minutes of the opening bell, the shares hit a 2 percent upper circuit at Rs. 44.04 apiece.
The shares have delivered a multibagger return of 162 percent return to its shareholders in one year. For example, if someone had invested Rs.1 lakh in the shares a year ago then it would have turned Rs. 2.62 lakhs now.
Coming onto the company’s financial statements, the revenue zoomed by 54 percent from Rs. 34.15 crores during FY21-22 to Rs. 52.73 crores during FY22-23. Furthermore, the net profits magnified by 58 percent from Rs. 53 lakhs to Rs. 73 lakhs during the same timeframe.
Looking at the important financial ratios, the return on equity increased from 27.22 percent during FY21-22 to 33.33 percent during FY22-23. On a contrasting note, the return on capital employed decreased from 20.17 percent to 19.33 percent during the same timeframe. Furthermore, the net profit margins for FY22-23 stood at 1.39 percent.
Headquartered in Mumbai, Stratmont Industries Ltd was incorporated in 1984. The company is primarily engaged in the business of trading co*king coal and LAM co*ke. The company manufactures low ash metallurgical co*ke of various specifications and sizes, customized to meet the requirements of the clients.
Chemtech Industrial Valves Ltd
With a market capitalisation of Rs. 57.2 crores, the shares of this industrial valves manufacturing company started Tuesday’s trading session on a higher note at Rs. 49.80 compared to its previous close of Rs. 49.69. The shares hit a high of Rs. 51.29, gaining around 2 percent and currently trading at Rs. 49.80 apiece.
The shares have delivered a multibagger return of 180 percent return to its shareholders in one year. For example, if someone had invested Rs.1 lakh in the shares a year ago then it would have turned Rs. 2.80 lakhs now.
Coming onto the company’s financial statements, the revenue zoomed by 77 percent from Rs. 11.49 crores during FY21-22 to Rs. 20.42 crores during FY22-23. Furthermore, the net profits showcased a transformation from a net loss of Rs. 56 lakhs to a net profit of Rs. 2.79 crores during the same timeframe.
Looking at the important financial ratios, the return on equity transformed from a negative RoE of 6.11 percent during FY21-22 to a positive RoE of 27 percent during FY22-23. In addition, the return on capital employed increased from 3.58 percent to 18.13 percent during the same timeframe. Furthermore, the net profit margins for FY22-23 stood at 13.66 percent.
Headquartered in Mumbai, Chemtech Industrial Valves was incorporated in 1997. The company is in the business of manufacturing industrial valves, ranging from manually operated shut-off valves to automated control valves.
Written By Vaibhav Patil
Disclaimer
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