This multibagger electric equipment company gives 3,700 per cent returns in just 3 years!

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 & Industrial Solutions recently announced their Q4FY23 results in which sales of the company grew by 28 per cent to Rs 1,903 crore while operating profit grew by 65 per cent to Rs 275 crore. Similarly, net profit of the company grew by 280 per cent to Rs 426 crore as compared to Q4FY22. Additionally, the company has been able to grow its sales by 11 per cent (CAGR) for the past 3 years and net profit by 56 per cent (CAGR) for the same period.

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 Wednesday, shares of the company surged by 0.67 per cent to trade at Rs 375.

Investors should keep a close eye on this multibagger stock.