Multibagger Stock: If you are looking for a better stock to invest then Radhika Jeweltech (Radhika Jeweltech) can keep an eye on the shares of. This stock has given multibagger returns to its investors. The shares of the company have fallen by 1.52 percent today on December 31 and the stock closed at Rs 100.45. With this decline the market cap of the company has come down to Rs 1,185 crore. It is a profit-making company, with a debt-to-equity ratio of 0.18. The stock’s 52-week high is Rs 157.35 and 52-week low is Rs 44.26.
Radhika Jeweltech’s Financial
Radhika Jeweltech has registered a good profit growth of 48.8% CAGR in the last 5 years. The company has shown continuous improvement in its revenue and profits. Its revenue is expected to increase from Rs 233 crore in FY 2022 to Rs 313 crore in FY 2023 and Rs 544 crore in FY 2024. On the other hand, its net profit also increased from Rs 27 crore in FY 2022 to Rs 30 crore in FY 2023 and Rs 50 crore in FY 2024.
Shareholding pattern of Radhika Jeweltech
Promoters’ stake in Radhika Jeweltech has remained at 63.73 percent for a long time. However, Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) have no investment in it. The public has 36.27 percent shareholding.
Let us tell you that the P/E of Radhika Jeweltech shares is 23.4, which is less than the industry P/E (41.6). Its Return on Capital Employed (ROCE) is at 24.6 percent and Return on Equity (ROE) is at 20.6 percent.
Radhika Jeweltech gives multibagger return
Radhika Jeweltech is in the business of manufacturing and trading gold, diamond and platinum jewellery. On January 1, 2021, the price of one share of the company was only Rs 3.20, which has increased to Rs 100.45 today. This means that in the last 4 years this stock has given a tremendous return of 3039 percent to its investors. Investors’ money has increased 31 times during this period.
Disclaimer: The information provided here is based on share performance. It is important to note that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.