This multibagger rallied over 1,500 per cent in 10 years; do you own it?
Just imagine! If you had invested one lakh rupee in this stock, say, on July 14, 2012, it would have become a whopping 16 lakh rupees now!
In the past ten years, the shares of Hyderabad-based, CCL Products (India) (CCLP) have returned almost 1,500 per cent returns to its stockholders. The company's 52-week high was Rs 514.95 on February 2, 2022, having a market capitalisation of more than Rs 5,480 crore as of July 15.
For the three months ending in March 2022, CCL Products (India) reported an operational profit of Rs 84 crore. At the same time, the company registered a net profit of Rs 53 crore, up from Rs 49 crore in March 2021. Its sales also slightly increased from Rs 332 crore during the quarter ended March 2021 to Rs 376 crore during the quarter ended March 2022. As of March 31, 2022, its promoters owned 46.2 per cent of the company, compared to 10.04 per cent owned by FIIs and 17.56 per cent by DIIs.
The company is the biggest instant coffee producer and exporter. The company plans to double Vietnam's capacity from its current 13,500 MT will also result in volume growth visibility for the following two years. It also stated that the company will benefit from capacity additions in value-added products and its entry into the high-margin branded retail business compared to its rivals. Additionally, the management claimed that due to the present geopolitical unrest, the company is actually receiving new inquiries from old clients. This is because South American nations are refusing to export coffee to Russia.
The mission of CCL Products (India) Limited, a publicly-listed company, is to produce only the best and the richest coffee in the world. The company has developed into the largest instant coffee exporter and private label company worldwide, thanks to its solid infrastructure and clientele in over 90 countries.
Investors must keep an eye on this scrip in the upcoming sessions.