Multibagger stock: Earning good profits from stock market is not piece of cake, as it requires a deep research and patience. Investors are often on the lookout for multibagger stock which may provide substantial gains, hence, we take you to the share price journey of Bharat Rasayan.
The multibagger stock - Bharat Rasayan - which was once priced at ₹39.40 in 2009, is now trading at ₹11,096 apiece on NSE. This means that the stock has rallied as much as 28,014 per cent in the last 16 years.
To put it in perspective, an investment of ₹1 lakh made 16 years ago in the stock and held over time would have grown significantly to ₹2.81 crore.
Bharat Rasayan share price movement
Bharat Rasayan share price is trading nearly 4 per cent up on Tuesday, March 25 on NSE.
The stock has delivered impressive multibagger returns for long-term investors, soaring by 107.74 per cent over the past five years. This means that an investment of ₹1 lakh made five years ago would have grown to ₹2.09 lakh over time.
However, the stock has remain volatile in short-term. In last one year, Bharat Rasayan shares have grown by 28.75 per cent, however, has fallen over 2.50 per cent in six months.
It is interesting to note that the share has zoomed nearly 8 per cent in one month despite weak market sentiments. On a year-to-date (YTD) basis, the stock has ascended 8.91 per cent, from ₹10,130.45 to the current market price.
Bharat Rasayan financial overview
The company saw its net profit surged by 164.73 per cent to ₹40.53 crore in December 2024, compared to ₹15.31 crore in the same period last year.
EBITDA rose 55.64 per cent to ₹48.95 crore in December 2024, up from ₹31.45 crore in December 2023. Meanwhile, net sales grew 10.07 per cent to ₹256.40 crore in December 2024, from ₹232.94 crore in December 2023.
The company's EPS also saw significant growth, rising to ₹97.54 in December 2024 from ₹36.85 in December 2023.
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