370 per cent returns: This multibagger bottle recycling company bags massive orders from an authorized bottler of Coca Cola Company!

Shares of the company gained about 20 per cent in the last six months.

Ganesha Ecosphere Limited informed in the exchange filing that the company has started its relationship with MOON BEVERAGES LIMITED, an authorized bottler of Coca-Cola Company for using rPET chips in food-grade packaging. Ganesha Anesha Ecopet Private Limited, a wholly-owned subsidiary of the Company, received an order on August 4, 2023, from MOON BEVERAGES LIMITED, for the supply of rPET chips. The order is to be completed within three months.

Ganesha Ecosphere Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, shares of Ganesha Ecosphere surged from Rs 224.40 on August 14, 2020, to Rs 1065.15 on August 08, 2023, an increase of about 370 per cent in a three years holding period.

Ganesha Ecosphere is a leading PET Waste Recycling company in India and is engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun yarn, and dyed texturized yarn in India.

On Tuesday, the stock opened at Rs 1110.05, with a high and low of Rs 1128.85 and Rs 1051.00. The stock closed trading at Rs 1059.55, down by 3.55 per cent.

The stock has a 52-week high of Rs 1,158.95 and a 52-week low of Rs 592.00. The company has a ROCE of 10.8 per cent and an ROE of 11.5 per cent with a market capitalisation of Rs 2,321 crore.

Disclaimer: The article is for informational purposes only and not investment advice.