₹39.40 to ₹11,096: Multibagger stock turns ₹1 lakh into ₹2.81 crore in 16 years

Multibagger stock: Earning good profits from the stock market is not a piece of cake, as it requires in depth research and patience. Investors are often on the lookout for multibagger stocks which may provide substantial gains, hence, we take you through the share price journey of one such stock – 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 was trading nearly 4 per cent up on Tuesday, March 25 on NSE.

The stock has delivered impressive multibagger returns to its long-term investors, soaring 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 remained volatile in the short term. In the last one year, Bharat Rasayan shares have grown 28.75 per cent. However, they have fallen by 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 surge 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.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.