Rs 12.50 to Rs 544.85: This edible oil company is firing on all cylinders with over 4,200 per cent gains in just one year!

An investment of Rs 1 lakh made in this stock a year ago would now be worth over Rs 43 lakh!

In 2022 so far, the equity markets pared and traded mostly on the lower side. Given that the Indian benchmark indices have barely gained 1-2 per cent so far this year, investors' optimism is missing. However, some stocks have generated tremendous returns and emerged as multi-baggers.  

On an intraday basis on Thursday, the shares of Ambar Protein Industries surged, achieving an all-time high of Rs 544.85 per share on BSE after being locked in the 5 per cent upper circuit.    

By hitting back-to-back upper circuits for months, the stock has soared more than 4,200 per cent in just one year, implying that an investment of Rs 1 lakh made in this stock a year ago would now be worth over Rs 43 lakh! It has gained over 1,700 per cent in the last six months while its shareholders enjoyed returns of 178 per cent in just one month!      

Comparing the net profit for the first quarter of FY23 to the same quarter last year, it increased significantly by 74.03 per cent from Rs 0.77 crore to Rs 1.34 crore. The company had strong profitability per unit of the total capital with a return on equity (RoE) of 23-25 per cent and a return on capital employed (RoCE) of 16-18 per cent.    

The company is worth Rs 313 crore on the market. Promoters owned 74.97 per cent of the company while non-institutional investors held a sizeable 25.03 per cent position.     

Ambar Protein Industries was founded in 1992 in Ahmedabad to offer premium edible oil to the consumers of Gujarat under the brand name ‘Ankur’. The company offers refined cottonseed, sunflower, soyabean, and corn oil.   

Keep a close eye on this scrip for the upcoming sessions!