Multibagger Stock: This multibagger stock gave more than 200% returns in a year, do you have it? – This small-cap commodity chemical company delivered over 200% returns in a year; do you hold it?

Tanfac Industries Limited The shares were at Rs 490.30 on May 10, 2022. In a year itself, it means that on May 9, 2023, it increased to Rs 1,630.75. This is a growth of around 232% over the last one year holding period. The company is a part of the S&P BSE SmallCap Index. This stock has given multibagger returns in last one year.
Those who had shares of this company worth Rs 1 lakh two years ago, today it has become Rs 3.32 lakh.

Recent performance of the company

On a standalone basis, the company’s net revenue grew by 72.18% YoY in Q3FY23. It increased from Rs 67.10 crore to Rs 115.53.38 crore. The bottom line also grew by 217% YoY to Rs 22.38 crore in Q3FY23. The company is currently trading at a TTM PE of 29.2x compared to the industry PE of 28.6x. The company achieved ROCE and ROE of 48% and 35.3% in FY23. The company is a constituent of Group X shares with a market cap of Rs 1,639 crore.

Today its stock opened at Rs 1600.50 and went up to Rs 1640. Its lower level remained Rs 1600.50. The 52-week high and low of the stock is Rs 1684.85 and Rs 433.50 respectively on BSE.

Tanfac Industries currently manufactures chemicals like Aluminum Fluoride, Anhydrous Hydrogen Fluoride. The company has a production capacity of 15,600 tonnes per annum in each of these chemicals. In addition Tanfac produces 14,400 tons per year of sulfuric acid, including oleum. In addition, the company also manufactures 3,400 tonnes of specialty fluoride every year.

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