This small-cap chemical company delivered fantastic returns of 338 per cent in the last 2 years!

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.3 lakh today.

Shares of Vishnu Chemicals Limited jumped from Rs 59.86 on April 1, 2021, to Rs 262.20 on March 28, 2023, an increase of about 338 per cent in the last two-year holding period. The company is a part S&P BSE SmallCap Index. The stock has given multibagger returns during the previous two years. 

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.3 lakh today.   

In Q3FY23 on a consolidated basis, the company's net revenue increased by 9.16 per cent YoY to Rs 324.4 crore. The bottom line increased by 29 per cent YoY to Rs 31.74 crore in Q3FY23. The company is currently trading at a TTM PE of 12.09x against the industry PE of 25.45x. The company achieved ROCE and ROE of 34.4 per cent and 23.90% in FY22. The company is a constituent of group A stocks with a market capitalisation of Rs 1,598.38 crore. 

On Wednesday, the stock opened at Rs 263.75, with a high and low of Rs 274.90 and Rs 260. The stock has a 52-week high and low of Rs 429.40 and Rs 245.05, respectively on BSE.   

Vishnu Chemicals Limited is engaged in the business of manufacturing, marketing and export of Chromium chemicals and Barium compounds across the world. The company’s supply footprint includes all the major geographies such as Asia, China, South East Asia, Europe, the UK, North, South and Central America, and Africa among others.