INSUBCONTINENT EXCLUSIVE:
Who does not want big compounders in an equity portfolio? There are 14 multibaggers on Dalal Street that reported over 100 per cent rise in
September quarter profit along with an increase in top line
And many analysts look positive on them
Good case to take a serious look at these names?
With a 37,834 per cent leap in 10 years, Avanti Feeds emerged top gainer on the list
The scrip jumped to Rs 528.60 on November 22 from just Rs 1.40 on November 23, 2009
The company, engaged in shrimp processing and manufacturing of prawn and fish feeds, reported a 155 per cent year-on-year (YoY) rise in net
profit in Q2FY20 on over 41 per cent rise in net sales.
But the stock trades at a price 47 per cent below its all-time high of Rs 1,000.
In
Q2FY20, average shrimp prices (Mexican Shrimp-30 count) in the international markets reached $13.1 a kg (up 10% YoY), which resulted in a
spike in domestic farm gate prices to Rs 430-450 a kg, benefitting the sector, Edelweiss Professional Investor Research said in a
about Avanti Feeds in a October note.
Fairchem Speciality (up 5,073 per cent), Alkyl Amines Chemicals (up 3005 per cent) and Deepak Nitrite
(up 2,713 per cent) are other similar cases on top of the list.
Fairchem posted an 837 per cent YoY rise in September quarter net profit,
while Deepak Nitrite grew its bottom line 532 per cent and Alkyl Amines 106 per cent
These companies also posted 50-150 per cent increase in net sales for the quarter.
Equentis is positive on Deepak Nitrite (DNL) with a 15-18
We expect 16 per cent CAGR revenue growth and 27 per cent CAGR PAT growth over FY19-24E
Going ahead, we expect DNL to benefit strongly from the healthy outlook for the India chemicals industry, which is growing at 8-10 per cent
distilleries, real estate, pharma, cement and agriculture sectors, among others.
Black Rose Industries, which posted 113 per cent YoY rise
in net profit in Q2, rose from Rs 2.10 in 2009 to Rs 81 as of November 22, 2019
gained 1,000-2,700 per cent in last 10 years.
Kolkata-based investors Soumya Malani and Arun Mukherjee in a recent note said Kingfa is set
showcases what it can do when the sentiments changes for good
Kingfa Science, Associated Alcohol are still down over 50 per cent from their respective all-time highs, while Alkyl Amines is short of its
stock, with IGL being a strong player in city gas distribution (CGD) segment
brokerage said.
(Disclaimer: Stocks mentioned in the article for information purpose only
Consult your financial adviser before taking any position in the stocks named in this report.)
