This Multibagger Stock Delivered 18,000% Returns in 5 Years

This Multibagger Stock Delivered 18,000% Returns in 5 Years
Investor wealth skyrockets as shares rise from ₹4 to over ₹680, with promising growth prospects in electronics manufacturing and electric vehicles.
Shares of PG Electroplast, a prominent electronics manufacturing services (EMS) and contract manufacturing company, have turned small investments into massive fortunes over the past five years. Investors who bought the stock five years ago have seen their wealth multiply by 18,039%, making it one of India’s most rewarding multibagger stocks in recent history.
Staggering Returns
PG Electroplast’s share price on November 22, 2019, was just ₹3.77. By November 22, 2024, the stock surged to ₹683.85.
• ₹10,000 invested in 2019 would now be worth over ₹18 lakh.
• ₹1 lakh would have grown to ₹1.81 crore.
The stock has also gained 187% in just six months and achieved a 52-week high of ₹718.35 following recent developments.
Company Overview
Established in 2003, PG Electroplast specializes in EMS and plastic injection molding. It serves over 45 Indian and global brands across diverse industries, including consumer electronics and home appliances. Notable clients include BPL, Bajaj Electricals, Bluestar, Godrej, LG, Whirlpool, and Reliance Digital.
The company offers:
- Original Design Manufacturing (ODM) and Original Equipment Manufacturing (OEM).
- Products like room ACs, washing machines, air coolers, and LED TVs.
- Expertise in plastic injection molding, with one of India’s largest capacities.
Financial Performance
For Q2 FY24 (July–September 2024):
- Revenue: ₹383.13 crore.
- Net Profit: ₹19.56 crore.
For the full FY23-24:
- Revenue: ₹1,417.72 crore.
- Net Profit: ₹78 crore.
Strategic Growth in EV Manufacturing
PG Electroplast’s subsidiary, PG Technoplast, recently partnered with Spiro Mobility to manufacture electric vehicles (EVs) in India. This move positions the company at the forefront of the EV sector, further diversifying its portfolio. Following this announcement, the stock surged by 15%, reflecting market optimism.
Future Outlook
Analysts see strong growth potential for PG Electroplast:
- Resistance levels: ₹730–₹750.
- Over the past year, the stock has gained 205.71%, outperforming its sector by 116.24%.
Equity Technical and Derivative Analyst at Angel One, noted strong buying traction with high trading volumes. The company’s unique positioning as an all-in-one EMS provider and its recent foray into EV manufacturing ensure its relevance in emerging markets.
Market Landscape
India’s electronics manufacturing and non-alcoholic beverage sectors are expanding rapidly. With the EMS market expected to grow and new avenues like EV manufacturing opening up, PG Electroplast is poised for continued success.
Disclaimer: Consult certified financial advisors before making investment decisions.