3,700 per cent returns in just 3 years: This company plans to Invest Rs 400 crore to expand capacity!
The company has delivered exceptional returns of 96 per cent over the past year and returns of 3,726 per cent over the past 3 years.
CG Power & Industrial Solutions is a multinational corporation that offers comprehensive solutions for the efficient and sustainable management and application of electrical energy. Its wide range of products, services, and solutions cater to utilities, industries, and consumers. The company operates in two primary business segments: Power Systems and Industrial Systems.
CG Power and Industrial Solutions, plans to invest Rs 400 crore over the next two years to expand its manufacturing capacity across various plants. The aim is to remove bottlenecks, modernize existing facilities, and add new capacity. The company also has a goal to increase the revenue contribution from exports from 5 per cent to 20 per cent within the next four to five years.
DSIJ offers a service 'Large Rhino' with recommendations for Large-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
This expansion strategy aligns with their focus on capacity, exports, and technological advancements. CG Power achieved consolidated revenue of Rs 6,973 crore in FY23, representing a 27 per cent growth over FY22. The company prepaid its remaining term loan, redeemed outstanding NCDs, and became debt-free. India Ratings upgraded their long-term rating to 'AA' and short-term rating to 'A1+'.
The company has delivered exceptional returns of 96 per cent over the past year and returns of 3,726 per cent over the past 3 years. Additionally, the company has a ROCE of 61.2 per cent and a ROE of 54.4 per cent. Moreover, the company has a dividend payout ratio of 24 per cent.
On Friday, shares of the company plunged by 0.96 per cent to trade at Rs 386.40.
Investors should keep a close eye on this multibagger stock.
Related articles
-
52-Week High Alert: Steel Company Establishes New Manufacturing Plant in Raebareli, Uttar Pradesh; Stock Surges Over 140 per cent in One Year!
-
This Aquaculture and Infrastructure Expands Presence in European Seafood Markets, Stock Gains 400 per cent!
-
This multibagger electric equipment company gives 3,700 per cent returns in just 3 years!
-
DIIs-backed multibagger penny stock under Rs 20: This civil construction company is into expansion of business; details inside!
-
Penny Stock Under Rs 5: DIIs Own 43.25 per cent Stake, Stock Hits Upper Circuit Consecutively for 12 Days, Gains 140 per cent in 1 Month!
-
Ashish Kacholia-Backed VFX Stock Hits 52-Week High with Heavy Volumes Today, Gains Over 400 Per cent Within 1 Year!
-
Rs 800 Crore Order Book: This Aerospace & Defence Electronic Stock Hits All-Time High with Heavy Volumes, Here's Why
-
Multibagger penny stock at Rs 23.72 hit upper circuit as the company is into expansion of business in electrical panel manufacturing; details inside!
-
Turnaround Wind Energy Stock Under Rs 30: Stock Hits Upper Circuit with Heavy Volumes, Stock Gains Over 190 per cent in Just 1 Year!
-
Back-to-Back Upper Circuit for 3 Days Ashish Kacholia-Backed Engineering Stock; Do You Own It?
-
Back-to-Back Upper Circuit Stock Under Rs 100: Do You Own This Hydraulic Engineering Equipment Manufacturing Stock?
-
1:4 Bonus Issue: Debt-Free Liquor Stock Hits All-Time High & Upper Circuit with Heavy Volume Today – Do You Own It?
-
Penny Stock Under Rs 20: This Oil Exploration Stock Hits Upper Circuit & 52-Week High Today; Q4 FY24 Net Profits Surge by 230 per cent: Must Watch!
-
400 per cent multibagger returns and Heavy buying: This defence & aerospace stock bags new orders worth Rs 266 crore from Garden Reach Shipbuilders!
-
Rs 800 Crore Order Book: This Aerospace & Defence Electronic Company Bags Order Worth Rs 1,250 Crore from Larsen & Toubro!
-
Penny Stock Under 15: Company Bags Order Worth Rs 1,96,80,000 from BSNL; Stock Hits Upper Circuit Today!
-
Rs 57,536 Crore Order Book: Rekha Rakesh Jhunjhunwala-Backed Construction Company Bagged Order Worth Rs 335 Crore in June, Stock Gains Over 160 Per cent in Just 1 Year!
-
Stock Hits Upper Circuit After Small-Cap Multibagger Announces 3:1 Bonus Shares; Stock Gains Over 200 per cent in Just 6 Months Only!
-
Heavy buying: Back-to-back upper circuit in this multibagger solar power stock; bags new order for solar power plant worth Rs 4.12 crore!
-
This Artificial Intelligence Company's Shares Hit Upper Circuit: Here's Why? Promoter Increased Stake from 4.03 per cent to 34.03 per cent & FIIs own 22.93 per cent stake!