FY24 threw 12 multibagger stock ideas with consistent earnings growth. Which ones to chase?
corporate earnings, we screened out a list of companies which saw consistent growth of at least 20% in both sales and profit in all the last four quarters of FY24. Out of them, there are at least 12 stocks with multibagger returns in the last one year.
For the sake of this study, we considered only those companies with a market capitalisation of over Rs 10,000 crore and excluded the leveraged businesses of banks and NBFCs.
Jupiter Wagons
Topping the list is railway stock Jupiter Wagons, the shares of which have rallied 385% in the last one year. The swelling order book amid a revamp of Indian Railways has meant that its consolidated profit more than doubled in the March quarter. The company has an ambitious plan to raise its capacity to 100,000 wheelsets per annum from the current 10,000 wheelsets over the next 2-3 years at a total capex of Rs 10-15 billion.
Anand Rathi Wealth
The wealth management firm dealing with ultra HNIs reported a 34% increase in consolidated net profit at Rs 226 crore in FY24 while its total revenue during the period grew 35% to Rs 752 crore. Anand Rathi Wealth shares have rallied around 360% in one year.
KPI Green Energy
The solar company has consistently reported over 20% YoY growth in both sales and profit for all the last 4 quarters. The smallcap stock has rallied 310% and the company has also announced a stock split in the ratio 1:2, meaning that one equity share of the company will be split into 2 equity shares.
The management is confident of growing the earnings by 45-50%
