Multibagger alert: This small-cap company from the electric equipment space delivered 4x returns in just 2 years!

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 5.09 lakh today. 

Apar 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 286.45 on 30 October 2020 to Rs 1460.10 on 28 October 2022, an increase of 409% in the two-year holding period. Meanwhile, the S&P BSE SmallCap index, of which the company is a part, surged by 92.6%, going from the level of 14,888.08 on 30 October 2020 to Rs 28,688.57 on 28 October 2022. 

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 5.09 lakh today. 

Apar Industries Limited operates in the diverse fields of electrical, metallurgical and chemical engineering. In the pre-opening session today, the shares of Apar Industries were trading higher by 6.12%. The rally comes ahead of the company's Q2FY23 results announcement, which is scheduled on Thursday, 3 November 2022. 

In the recent quarter Q1FY23, the company’s net revenue increased by 71% YoY to Rs 3083 crore. Similarly, the bottom line increased by 96.6% YoY to Rs 122.46 crore. 

The company is currently trading at a TTM PE of 17.63x, as against the industry PE of 50.31x. In FY22, the company delivered an ROE & ROCE of 16.4% and 28.23% respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 5,660.50 crore. 

Today, the scrip opened at Rs 1549.45, which is also the intra-day high. The intra-day low stands at Rs 1440. So far 2,673 shares have been traded on the bourses. 

At 11.35 am, the shares of Apar Industries Ltd were trading at Rs 1484.5, an increase of 1.67% from the previous closing price of Rs 1460.10 on BSE. The stock has a 52-week high & low of Rs 1590 and Rs 558.60 respectively on BSE.