Multibagger alert: This small-cap castings and forgings company delivered nearly 700% returns in the last two years!

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 7.91 lakh today. 

PTC Industries Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 368.58 on 18 November 2020 to Rs 2915.35 on 15 November 2022, an increase of 691% in the two-year holding period. Meanwhile, the S&P BSE SmallCap index, of which the company is a part, surged 81%, climbing from the level of 16,053.58 on 18 November 2020 to 29,058.35 on 15 November 2022. 

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 7.91 lakh today.   

Established in 1968, PTC Industries Ltd is a supplier and manufacturer of earth-moving machine equipment, fork, machine tools, pumps, spare parts -valves and pumps. It is an exporter of stainless-steel casting and non-ferrous alloys. 

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue increased by 41% YoY to Rs 54 crore. Owing to relatively slower growth in expenses, the bottom line increased by 324.8% YoY to Rs 7.64 crore. 

The company is currently trading at a TTM PE of 234x, as against the industry PE of 17.11x. In FY22, the company delivered an ROE & ROCE of 7.9% and 9.1% respectively. The company is a constituent of Group T stocks and commands a market capitalisation of Rs 3,904.41 crore. 

Today, the scrip opened at Rs 3040, which was also the day’s high. Further, the stock made an intra-day low of Rs 2916. So far 2441 shares have been traded on the bourses. 

At 2.33 pm, the shares of PTC Industries Ltd were trading at Rs 3004, an increase of 3.04% from the previous day’s closing price of Rs 2915.35 on BSE. The stock has a 52-week high & low of Rs 3,080 and Rs 1,050.18 respectively on BSE.