From Rs 100 to Rs 600: This small-cap company from Asian Paints Group has given 465 per cent returns in two years!
Have you invested in this scrip yet?
Apco Group Company - Apcotex Industries has outperformed the market in 2022 on the back of stellar Quarterly Results and strong fundamentals. Shares of Apcotex Industries hit an all-time high of Rs 678 on June 2. From its 52-week low of Rs 286.55 almost a year ago, the stock has risen 136 per cent.
Apcotex Industries has given gravity-defying 59 per cent returns YTD which has outperformed the market. For the same period, the benchmark index Sensex has tumbled 11.2 per cent and S&P BSE Smallcap has lost 15.96 per cent.
The mutlibagger returns of this fundamentally strong small cap company can be quantified as below-
- Rs 100,000 invested at the beginning of 2022 would have become Rs 1,59,000, giving a price return of 59.05 per cent.
- Rs 100,000 invested a year ago would have become Rs 1,86,640 giving a price return of 86.64 per cent and,
- Rs 100,000 invested two years back would have become Rs 4,51,000 giving a price return of 451.03 per cent.
The mindboggling returns of Apcotex Industries shares are in stark contrast to the prevailing market sentiment. It can be broadly attributed to its strong promoter lineage, quality management, market leadership and robust financials. The company has consistently given robust quarterly performance for FY2021-22. The rise in crude oil price has also led to higher realisation in the top line. In a short span of 4 years the company has been able to emerge from a Rs 500 crore revenue to Rs 1000 crore while at the same time delivering the highest ever EBITDA per ton in FY 2022
Apcotex Industries, headed by Atul Choksey, (former Managing Director of Asian Paints) is one of the leading producers of Synthetic Rubber (NBR & HSR) and Synthetic Latex (Nitrile, VP latex, XSB & Acrylic latex) in India.
At mid-day trades on Thursday, the shares of Apcotex Industries were quoting at Rs 575.85 per share, down by 4.07 per cent or Rs 24.95.