Shilchar Technologies stock delivered mind-blowing returns of over 400% in one year

Shilchar Technologies Limited has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 328.48 on October 10, 2022, to Rs 1,924.75 on October 10, 2023, an increase of more than 400% in a one-year holding period.

An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 5 lakh today.

The company has concentrated on catering needs of the renewable energy sector including solar and wind energy in the local market wherein the company has been enjoying a commendable position being one of the top companies in India supplying transformers for renewable energy.

Shilchar Technologies has reported a strong first quarter for FY24, with net profit growth of 181.8% to Rs 16.38 crore, compared to Rs 5.81 crore in the same quarter last year. The operating profit also saw a significant increase of 160.51%. The total income for the quarter increased by 17.41% to Rs 67.22 crore, compared to the previous year’s same quarter.

Shilchar Technologies Ltd (STL) is a Vadodara (Gujarat) based company engaged in manufacturing various categories of transformers including power, distribution and electronics and telecommunication. The company caters to the demand of the domestic market as well as the export market mainly including Africa, USA and Middle-East countries.

Today, the stock opened at Rs 1,775, with a high and low of Rs 2018.00 and Rs 1,768, respectively. The stock ended the trading session at Rs 1,924.75, up by 9.65%. The stock has a 52-week high of Rs 2,018 and a 52-week low of Rs 318.50. The company has a ROCE of 53.8% and an ROE of 42.8% with a market capitalisation of Rs 1,468 crore.

The stock has shown impressive growth and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.