From Rs 122 to Rs 1503: This Group B stock delivered over 1100 per cent returns in two years

This small-cap multibagger hits a fresh 52-week high and is flying on the bourses!

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 12.3 lakh today.   

Butterfly Gandhimathi Appliances manufactures LPG Stoves, Mixer Grinders, Table Top Wet Grinders, Stainless Steel, and Aluminium Pressure Cookers amongst others. Established in 1986, it is one of the largest Kitchen Appliances companies in India. It is a market leader for SS LPG Stoves and Table Top Wet Grinders and a major supplier of Mixer Grinders and Pressure Cookers.  

On June 14, 2022, the company reported robust Q1FY23 results. The company reported around a 14-fold jump in its net profit at Rs 13.24 crore for the current quarter compared to Rs 0.95 crore for the same quarter last year. The total income of the company surged by 85.39 per cent to Rs 253.86 crore in Q1FY23 as compared to Rs 136.93 crore for the same quarter last year.    

On the valuation front, the company is currently trading at a TTM PE of 94.60x compared to the industry PE of 55.62x. In FY22, the company delivered an ROE & ROCE of 7.05 per cent and 14.30 per cent, respectively.   

 This Group 'B' stock touched a fresh 52-week high of Rs 1700 on July 22, 2022, and a 52-week low of Rs 701.20 on August 24, 2021. 

At 1:15 pm, this multibagger is up by 9.84 per cent and the scrip is trading at Rs 1651.10.