In the last ten years, the share prices of over two dozen businesses in the local equities market have increased remarkably, from an initial investment of Rs 10,000 to over Rs 10 lakh.
The return occurred on July 3, 2024, when the benchmark BSE Sensex increased by more than three times to 79,986 from 25,823 on that same day in 2014.
On July 3, 2024, the 30-share Sensex also reached Mt. 80K for the first time. The majority of these businesses have also demonstrated strong growth in both their top and bottom lines, and experts predict more gains in a few chosen equities in the future.
Returning to the list of businesses that have made investors millionaires over the last ten years, Jyoti Resins & Adhesives, a chemical company, has had the greatest share price rallies, rising 381 times to Rs 1,420.90 during that time.
The increase demonstrates how Jyoti Resins & Adhesives has grown from an initial investment of Rs 10,000 to over Rs 38 lakh at this time. The company's gross sales increased from Rs 15.26 crore in FY14 to Rs 257.30 crore in FY24. During the same time period, net profit rose from Rs 0.24 crore to Rs 67.12 crore.
Next on the list is the IT business Dynacons Systems & Solutions, with a rally of 249 times. The business recently revealed that its overall revenues for the year that ended in March 2024 were Rs 1024.44 crore. A decade ago, the amount was Rs 77.32 crore. However, over the same period, the company's net profit increased to Rs 53.96 crore from Rs 0.58 crore.
Additional data showed that within the same time period, rallies were made by Danlaw Technologies India, Cupid, Refex Industries, Olectra Greentech, and Sadhana Nitro Chem between 150 and 180 times.
With a 12-month target price of Rs 2,086 for Olectra Greentech, brokerage Geojit Financial Services has a "Buy" recommendation. On July 3, the company's shares were trading at Rs 1,811.
Megha Engineering and Infrastructures Ltd. is the parent company of Olectra Greentech (MEIL). Its main production activities are composite polymer insulators and electric buses.
"The firm is growing its product range in the e-mobility area with electric truck tippers and hydrogen bus project, along with the development of a joint venture with BYD (Build Your Design) China for electric buses.
In a research, Geojit Financial Services stated, "We value Olectra Greentech at 55 times FY26E EPS and upgrade our rating from 'Accumulate' to 'Buy' given the strong order book, capacity expansion, and scalability of multiple powertrains."
3B During the same period, other companies that gained more than 100 times were Blackbio Dx, Avantel, KEI Industries, Shivalik Bimetal Controls, Shilchar Technologies, Zen Technologies, Ceenik Exports (India), Apollo Finvest (India), Hazoor Multi Projects, Gujarat Themis Biosyn, Lloyds Metals & Energy, RIR Power Electronics, Stylam Industries, and UNO Minda.
With a target price of Rs 730, JM Financial has issued a "buy" call on Shivalik Bimetal Controls. Shivalik Bimetal Controls, a company that primarily makes electrical and bimetal contacts, entered the shunt resistor market in 2014–2015. It is now the market leader in the country and is now prepared to increase export potential even more, having completed capital expenditures and secured capacity.
Shivalik is a simultaneous bet on the smart metering space, the switchgear business, and electric vehicles. It also seeks to expand inorganically and open up worldwide opportunities in order to enhance its revenue contribution from electrical contacts from present levels of around 10% to 11%.
In addition, SBCL offers PLI (product-linked incentives) in shunts and is always looking into other sectors for its shunt applications, such as telecom, renewable energy, mobile, etc. According to JM Financial, overall, we anticipate revenue, EBITDA, and PAT CAGRs of 25%, 29%, and 29% during FY24–26E, with RoCE and RoE of 30.4% and 24.1% in FY26.
Anand Rathi Share and Stock Brokerages made the following statement on Shilchar Technologies: "Shilchar has the capacity to manufacture transformers of up to 132kV, though the majority of its production is of 66kV and below." With a realization of Rs 1m/MVA, exports account for 50% of company earnings.
The firm is increasing its capacity from 4000MVA to 3,500MVA in order to fulfill the increasing demand from both local and international markets for renewable energy. We think the continuous capital expenditure drive in renewables will be beneficial to it. Shilchar had previously predicted sales of Rs 800-900 for FY26 while essentially holding onto the present full-year margin of about 28%.
