Multibagger Stock: In the last few years, a stock of the auto sector has made bumper earnings for the people. It has given multibagger returns to the investors. This stock has given a return of Rs 10 lakh after investing Rs 10,000.
According to ET’s report, JBM Auto shares have gained 9962 per cent in 10 years. This means that if an investor had invested Rs 10,000 in this stock 10 years ago, it would have been worth Rs 10 lakh today.
Good returns even in three years
Shares of JBM Auto have given a return of 270 per cent during the last five years. On the other hand, if we look at the average of three years, then this stock has jumped 1192 percent. Right now this stock is trading at Rs 982.60 per share with a decline of 0.48 per cent.
What does the company do and how much is the market cap?
It is a small cap company of JBM Group, which has a market capitalization of Rs 11,619 crore. This company manufactures automotive products and sub systems. In addition, this company also manufactures air tanks, chassis, suspension parts, cross car beams, exhaust systems, fuel tanks, heat tanks and other products.
Whose share in the company
As per the latest data of the company, the promoters hold 67.52 per cent stake in the company, while 32.47 per cent is kept for public shareholders. Mutual funds do not have any major stake in public shareholders, while foreign investors hold 1.67 per cent. Retail investors of the company hold 9.36 per cent stake.
How much profit the company made in 10 years
During FY 2013, the company had sold only Rs 1364 crore, but in FY 2023, JBM Auto has sold Rs 3857 crore. At the same time, the profit has increased from Rs 57 crore to Rs 124 crore during this period. In the March quarter of 2023, the company’s revenue fell by 8 percent to Rs 964 crore, which was Rs 1,055 crore during this period of FY 2022. PAT for the same period is Rs 26.81 crore.
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