9+ Multibagger Penny Stocks in India: 1 Stock Up 2187 times

9+ Multibagger Penny Stocks in India: 1 Stock Up 2187 times

Can Penny Stocks in India Become a Multibagger stocks?

  • Yes, of course, as we know, in the long run, a company’s share price follows its earnings.
  • If a company grows its profits with a high ROCE, its share price will automatically rise.

Multibagger penny stocks are stocks whose fundamentals have been very weak in the past and prices were below Rs.10. But its fundamentals have changed drastically over time, forcing investors to buy these stocks. And because of that its price goes up multiple times in a very short period of time. These stocks are called multibagger penny stocks

List of Top 10 Multibagger Penny Stocks in India

  • Bajaj Finance
  • Titan Company Ltd
  • Symphony Ltd
  • Ajanta Pharma Ltd
  • Astral Poly Technik ltd
  • Caplin Point Lab Ltd
  • Relaxo Footwear
  • Eicher Motors ltd
  • Lupin Ltd
  • Avanti Feeds Ltd

In this new guide you will learn exactly how these 10 Penny Stocks became Multibagger Stocks.

Bajaj Finance(subsidiary of Bajaj Finserv)

Bajaj Finance Limited is the most diversified and profitable non-bank in the country with a wide portfolio of products spread across Consumer, SME & Commercial Lending as well as Wealth Management.

Today, It is the best Multibagger Penny stocks category.

But In 2008, Bajaj Finance was the Penny stocks in India because of its weak fundamentals.

Here is the data on Bajaj Finance for the year 2008

  • The share price was just Rs. 5.11.
  • The return on equity was very low, only 2.0%.
  • Net profit was only Rs 21 crore.
  • The net profit margin was the only 4.4.%.
  • Net NPA was very high, 7.81%.
  • ROA was only 0.9%.

In 2019

  • The return on equity rose from 2% to 22.50%.
  • Net NPA fell to 0.63% in 2019 from 7.61%.which is a very good improvement.
  • The net profit margin increased from 4.4% to 22.37%.
Bajaj Finance fundamental analysis
  • Net profit increased from Rs 21 crores to Rs 3890 crore in 2019. Profits increased 185 times in just 11 years.
bajaj finance penny stocks in india become multibagger stock
  • The share price was only Rs 5.11 in 2009 and in 2019 it was Rs. 2653.
  • The share price rose 519.17 times in just 10 years.
  • If you calculate the return, it is about 86.90% (CAGR)
bajaj finance share price

If one had invested only Rs 1 Lakh in 2009, he would have had over Rs 5.2 crore in 2019.

Titan Company Ltd

Titan Company Limited is an Indian consumer goods company that mainly manufactures fashion accessories like watches, jewelry, and eyewear.

Today, It is in the Multibagger stocks category but In 2003, It was the penny stocks in India because of its weak fundamentals.

Here is the data on Titan Company ltd for the year 2003

  • Net profit was only Rs 6.21 crore and debt was Rs 467 crore.
  • ROCE was only 3.01 which was very low.

In 2019

  • Debt, which was 467 crore in 2003, has come down to just Rs 57.1 crore in 2011 and 169 crores in 2019.
  • ROCE increased from 3.01% to 26%.
Titan comany penny stocks in india
  • Titan’s profit rose from just Rs 6.21 crore in 2003 to Rs 1,927 crore in 2019. The profit has increased by almost 310-fold in 16 years.
titan company multibagger stocks
  • The share price was only Rs 2.97 in 2003 and in 2019 it was Rs 1023.
  • The share price rose 344 times in just 16 years.
  • If you calculate the return, it is about 44.06% (CAGR)

If one had invested only Rs 1,00,000 in 2005, he would have had over Rs 3.44 crore in 2019

Symphony Ltd

Symphony Limited, Ahmedabad, Gujarat, India was established in the year 1988. It is a public limited, listed company. It manufactures products like domestic air coolers, industrial air coolers. Symphony operates in about 60 countries.

Symphony Ltd. (Multibagger stocks today) was trading at just Rs. 0.7 in 2005. It was a loss-making company at the time and was the penny stocks in India.

Here is the data on Symphony ltd for the year 2005

  • The share price was just Rs 0.7
  • It was making an annual loss of Rs 3 crore.
  • No ROCE, because the company was making a loss.
  • No ROE, because the company was making a loss.

But in 2019 Symphony was a completely different company than in 2005

  • The net profit margin was 19.28%
  • The return on capital employed was 24.33%
  • The return on equity was 15.10%.
  • The debt-to-equity ratio was zero.
symphony penny stocks in india
  • Net profit rose to Rs 139.8 crore from an annual loss of Rs 3 crore.
symphony multibagger stocks
  • The share price rose from just 0.7 in 2005 to 1367 in 2019.
  • In just 14 years the share price increased 1952 times.
  • If you calculate the return, it is about 76% (CAGR).

If one had invested only Rs 1,00,000 in 2005, he would have had over Rs 19.52 crore in 2019.

Ajanta pharma

Ajanta Pharma Limited (APL) is a multinational company engaged in the development, production, and marketing of pharmaceutical formulations. It has a presence in India, the United States, and about 30 other countries in Africa, Asia, the Middle East, and the CIS. It was founded in 1973.

Ajanta Pharma( Multibagger stocks today) was a loss-making company with a share price of just Rs 8. It was penny stocks in India.

Here is the data on Ajanta Pharma ltd for the year 2005

  • Revenue was only Rs 178.80 crore
  • The company was making a loss of -43.28 crore.
  • The net profit margin was negative -24.68%
  • The Return on equity was negative -42.72%
  • The Return on Capital Employed was also negative -30.77%

But between 2005-2019 the company continued to increase its revenue and profits, and ….

In 2019

  • Revenue increased from 178.60 crores in 2005 to 1731.36 crore in 2019.
  • The net profit margin was 22.10%
  • The return on equity was 18.28%
  • The return on employment capital was 23.18%.
ajanta pharma pennt stocks in india
  • The profit incresed from -43.28 to Rs 391.76 crore.
ajanta pharma multibagger stock
  • The share price was only Rs 8.05 in 2005 and rose to Rs 1720 in 2017. After that, its share price decreased by about 50% and in 2019 the share price was Rs 986.
  • Its shares have returned 40.95% (CAGR) from 2005 to 2019

If one had invested only Rs 1,00,000 in 2005, he would have had more than Rs 1.22 crore in 2019.

Astral Poly Technik Ltd

Astral Poly Technik Ltd was established in 1996 with the aim to manufacture pro-India plumbing and drainage systems in the country.

In 2005, the profit of Astral Poly Technik( Multibagger stocks today) was only Rs 2.29 crore and it was a penny stocks in India.

Here is the data on Astral Poly Technik Ltd for the year 2005

  • Revenue was only Rs 35.46 crore.
  • The profit was only Rs 2.29 crore
  • The net profit margin was 6.46%
  • The return on equity was 25.67%
  • The Return on Capital Employed was only 10.75%.

Now look at the company’s performance in 2019

  • Revenue increased from Rs 35.46 crore in 2005 to Rs 2501.26 crore in 2019
  • The net profit margin was 8.01%
  • The return on equity was 15.33%
  • The Return on Capital Employed improved from 10.75% in 2005 to 21.09% in 2019
astral poly technik penny stocks in india
  • Profit rose to Rs 200.99 crore from Rs 2.29 crore.
astral polytechnik multibagger stocks
  • The share price was only Rs 6.34 in 2007 and rose to Rs 872 in 2019.
  • The share price rose 137 times in just 12 years.
  • If you calculate the return, it is about 50.73% (CAGR)

If one had invested only Rs 1,00,000 in 2007, he would have had more than Rs 1.37 crore in 2019.

Capline point laboratory

Caplin Point Laboratories Limited is a pharmaceutical company. The Company’s product segments include Antibiotics, Non-steroidal anti-inflammatory drugs (NSAIDs), Ophthalmics, Pain Management, and Anti-ulcers.

In 2005, Caplin Point Laboratory(Multibagger stocks today) had a revenue of only Rs 26.30 crore and a profit of only Rs 0.63 crore. It was a penny stocks in India.

Here is the data on Capline point laboratory Ltd for the year 2005

  • Revenue was only Rs 26.30 crore.
  • The profit was only 0.63 crore.
  • The net profit margin was very low, only 2.41%…

In 2019

  • Revenue increased from Rs 26.30 crore in 2005 to Rs 632.89 crore in 2019.
  • The net profit margin increased from just 2.41% in 2005 to 27.21% in 2019.
  • The return on equity was 29.57%
  • The Return on Capital Employed was 34.57%
caplin point penny stocks in india
  • Profit increased from 0.63 crores in 2005 to 176.56 crore in 2019.
caplin point multibagger stocks
  • The share price was only Rs 2.36 in 2005 and rose to Rs 386.88 in 2019.
  • The share price rose 164 times in 14 years.
  • If you calculate the return, it is about 43.94% (CAGR)

If one had invested only Rs 1,00,000 in 2005, he would have had more than Rs 1.64 crore in 2019.

Relaxo Footwear

Relaxo Footwears is a market leader in the Footwear Industry. The company has ‘state of the art’ manufacturing facilities at Bahadurgarh (Haryana), Bhiwadi (Rajasthan) and Haridwar (Uttarakhand).

In 2005, Relaxo Footwear ( Multibagger stocks today) had revenue of Rs 215.47 crore and profit of only Rs 3.86 crore. It was a penny stocks in India.

Here is the data on Relaxo Footwear Ltd for the year 2005

  • The company’s revenue in 2005 was 215.47crores.
  • The profit was only Rs 3.86 crore
  • The net profit margin was very low, only 1.79%
  • Return on equity was very low, only 4.56%
  • The Return on Capital Employed was only 3.10%

In 2019

  • The company’s revenue increased from Rs 215.47 crore in 2005 to Rs 2277 crore in 2019. In just 14 years, it has increased almost 11 times.
  • Net profit margin improved to 7.65% from just 1.79%
  • The return on equity was 15.87%
  • The Return on Capital Employed was 23.93%
  • Profit increased from Rs 3.86 crore in 2005 to Rs 175.44 crore in 2019. It increased almost 46 times in just 14 years.
  • The share price was only Rs 1.44 in 2005 and rose to Rs 371.33 in 2019.
  • The share price rose 258 times in 14 years.
  • If you calculate the return, it is about 48.68% (CAGR)

If one had invested only Rs 1,00,000 in 2005, he would have had more than Rs 2.58 crore in 2019.

Eicher Motors Ltd

Eicher Motors

Who doesn’t love a “Royal Enfield” bike today?

Today, it is synonymous with the stylish bike category.

But one thing you may not know about Royal Enfield is that in 1998 the share price was only around Rs 10 and no one wanted to buy Eicher Motors shares.

There was no significant increase in share price between 1998-2008. The success story began in 2008 with the success of his newly launched bike Royal Enfield.

The company’s revenue in 2008 was only Rs 38 crore. And this profit was also due to its other income.

  • In 2008, the operating profit margin was negative (-2%)
  • The return on employed capital was only 3%
  • In 2008, revenue was Rs 2,258 crore and net profit was Rs 55 crore, which was due to the company’s other revenue.

After 2008, the real success story began for Eicher Motors.

In 2019

  • Revenue increased from Rs 2258 crore in 2008 to Rs 9797 crore in 2019. Revenue increased 4.33 times in just 11 years.
  • Net profit rose from Rs 39 crore to Rs 2,054 crore. Profits increased 52-fold in just 11 years, an unbelievable increase.
  • The operating profit margin improved from -0% to 30%.
  • The Return on Capital Employed was a whopping 50% in 2019, which was only 3% in 2008.

The company’s fundamentals have improved significantly in the last 11 years, which is why eicher motors are now among the blue chip companies

  • Net profit rose from Rs 39 crore to Rs 2,054 crore. Profits increased 52-fold in just 11 years, an unbelievable increase.

  • The share price was only Rs 10 in 1998 and rose to Rs 21,871 in 2019.
  • The share price rose 2187 times in 21 years.
  • The company has given a return of about 44% (CAGR) in the last 21 years.

If one had invested only Rs 1,00,000 in 1998, he would have had more than Rs 21.87 crores in 2019.

Lupin Ltd

Lupin Ltd. is a multinational pharmaceutical company based in Mumbai, Maharashtra, India. The company manufactures and sells a wide range of Branded and Generic Formulations, Active Pharmaceutical Ingredients (APIs), Advanced Drug Delivery Systems (ADDS) and Biotechnology products – in over 100 countries.

In 2001, the Lupin Company ( Multibagger stocks today) was priced at just Rs 6.5. It was penny stocks in India.

Since we do not have data from 2001 to 2004, let us review the financial data of Lupin Company in the year 2005.

In 2005

  • The company’s revenue in 2005 was 1263.85 crores
  • The profit was only Rs 84.80 crore
  • The net profit margin was only 8%
  • The return on employed capital was only 12.99%

Due to the strict monitoring of every pharma company in India by USFDA in the last 2 years, their financials have been severely affected.

So we will check the financial data for the year 2017 and the financial data for the year 2019.

In 2017

  • The company’s revenue increased from Rs 1263.85 crore in 2004 to Rs 17119.80 crore in 2017. Sales have increased almost 14 times in just 13 years.
  • Profit increased to Rs 2557.46 crore in 2017 from Rs 84.80 crore as compared to 2004. Profit increased almost 31 times in just 13 years.
  • The net profit margin was 24.87%.
  • The Return on Capital Employed was 27.57%.

In 2019

  • The company’s revenue in 2019 was 16,369.37 crores
  • The profit was 611.73 crore
  • The net profit margin was 13.55%
  • The return on employed capital was 15.36%
  • The share price was only Rs 6.5 in 2001 and rose to Rs 791 in 2019.
  • The share price rose 122 times in 18 years.
  • The company has given a return of about 30.57% (CAGR) in the last 18 years.

If one had invested only Rs 1,00,000 in 2001, he would have had more than Rs 1.22 crores in 2019.

Avanti Feeds Ltd

  • Avanti Feeds Limited is a manufacturer of prawn and fish feeds, and shrimp processor and exporter. The Company’s principal products/services are shrimp feed and processed shrimp.

The company was a loss-making company in 2009. No one wanted to buy the company’s shares. It was penny stocks in India.

In 2009

  • The company’s revenue was only 68 crores
  • The company made a loss of 7 crores in 2009
  • The return on employed capital was in a negative (-3%)

But during the year 2009-2018, the company has seen tremendous growth in every field

In 2018

  • The company’s sales increased from just Rs 68 crore in 2009 to Rs 3,393 crore in 2018. In just 9 years, sales increased nearly 50-fold, an unimaginable increase.
  • The company, which was making a loss in 2009, posted a profit of Rs 446 crore in 2018. A 446-fold increase in profits in just 9 years.
  • Now the company’s ROCE which was negative in 2009 has increased to 83% in 2018.
  • The share price was only Rs 1.01 in 2009 and rose to 807 in 2018.
  • The share price rose 800 times in 9 years.
  • The company has given a return of about 95.12% (CAGR) in the last 9 years.

If one had invested only Rs 1,00,000 in 2009, he would have had more than Rs 8 crores in 2019.

Also Read : The complete guide about Penny Stocks

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