Multibagger in just 1 year: Small-Cap company shares hit 52-week high on stellar results!

The stock gave multibagger returns of 385 per cent in just 1 year whereas BSE Sensex Index is up by 14.28 per cent. I

On Friday, one of the Top Gainers on BSE, shares of Refex Industries surged 8.55 per cent to Rs 581 per share, up from its previous closing of Rs 535.25. The stock also reached a new 52-week high at Rs 581 per share.

The stock has been consistently hitting 52-week highs in recent trading sessions, with one of the main reasons being the announcement of stellar Quarterly Results (Q4) and annual results (FY23).

In Q4FY23, the net sales increased by 256.16 per cent and the net profit increased by 111.06 per cent with an EPS of Rs 23 compared to Q4FY22. Similarly, in FY23, the net sales increased by 266.96 per cent and the net profit increased by 155.72 per cent with an EPS of Rs 52.50 compared to FY22.

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Refex Industries Limited (RIL) has a market cap of Rs 1,266.40 crore. It is a specialist manufacturer and re-filler of refrigerant gases that serve as replacements for Chloro-fluoro-carbons. The shares of the company have a PE of 8x whereas the sectoral PE is 28x with a ROE of 38.03 per cent and a ROCE of 61.55 per cent.

The stock gave multibagger returns of 385 per cent in just 1 year whereas BSE Sensex Index is up by 14.28 per cent. Investors should keep an eye on this small-cap stock under the radar.