Kilpest India, a low PE high RoE multibagger gets its mojo back; hits life highs

Kilpest India soared 20 per cent on Friday and made a fresh life high for itself.

With an outstanding performance in the March quarter the Kilpest India is gaining its mojo back on bourses. Kilpest India can be considered a high growth stock looking at the phenomenal profit growth of 209 per cent on YoY basis and the sales growth of more than 180 per cent on YoY basis. Kilpest India has declared positive results in 9 consecutive quarters and has shown high management efficiency with RoE of more than 75 per cent. After discounting the current earnings, the stock is trading at a below industry average PE of 4.01. 

Kilpest India first caught investors attention after it started posting outstanding quarterly performances in 2020. The stock consistently featured in the list of top multibaggers of 2020 as it gained from ~ Rs 65 per share to ~ Rs 480 per share, translating into almost 638 per cent gains between March 2020 and August 2020. After making yearly highs in August the stock has been first in corrective mode and then entered into a consolidation phase.With the strong price movement on Friday, the stock has given a fresh breakout to reach its fresh life highs. On a YTD basis the stock is up by more than 50 per cent while in one year the stock is up by more than 200 per cent.

Kilpest is into Crop protection, Public health products and bio-products and is also a supplier to various Govt. organizations, such as FCI (Food Corporation of India), NTPC (National Thermal Power Corporation Limited), Railway, etc. The company is also exporting its products to Bangladesh and Afghanistan.The company entered into molecular diagnostics with 3B BlackBio BiotechIndia Ltd.