5,000 per cent to 13,000 per cent multibagger returns: These SME stocks have made exceptional wealth of shareholders; do you own any?

Investing in SMEs can often be a lucrative opportunity for investors seeking high-growth potential within the stock market. These companies, although smaller in size compared to their larger counterparts, can offer substantial returns over time, sometimes in the form of multibagger gains. SME stocks typically operate in niche markets, possess innovative business models, or cater to specific industry segments, presenting unique opportunities for growth and expansion. Over the past five years, several SME stocks have demonstrated remarkable performance, delivering multibagger returns and creating exceptional wealth for shareholders. Let's explore one by one each.

Waaree Technologies (formerly H K Trade International Ltd) engages in the trading of e-vehicles, batteries, and artificial intelligence-based products/services, and boasts a significant market capitalization of Rs 1,691.30 crore. The company's closing price on Friday stood at Rs 1,570.65, reflecting a multibagger return of 13,641.47 per cent over the past five years.

Giriraj Civil Developers is engaged in the business of civil construction, building roads, bridges, foot overbridges, earthworks, and numerous other infrastructure constructions, and commands a market capitalization of Rs 1,289.31 crore. The company's closing price on Friday was recorded at Rs 539.00, showcasing an impressive return of 12,067.04 per cent over the past five years.

Taylormade Renewables is in the business of providing renewable energy solutions and commands a market capitalization of Rs 607.61 crore. The company's closing price on Friday was Rs 547.75, reflecting a commendable return of 5,789.78 per cent over the past five years.

Solex Energy is engaged in the manufacturing of solar panels and other renewable energy devices, as well as the installation of systems on an EPC basis boasting a substantial market capitalization of Rs 1,218.12 Cr. The company's closing price on Friday stood at Rs 1,522.65, reflecting an impressive return of 5,756.35 per cent over the past five years.

Among these four stocks, only Waaree Technologies has announced its Quarterly Results for Q4 FY24, while the remaining three companies are yet to announce.

Investors must keep these Small-Cap SME stocks on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.