Top 6 multibagger stocks

 

1. Bhilwara Technical Textiles Ltd

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ROUTINE
The company Bhilwara Technical Textiles Limited manufactures and sells textile products. It was established in accordance with the RSWM Ltd.’s Scheme of Demerger of the “Strategic Investment Division.” [1]

PRINCIPLES 
Products
The company makes a variety of textiles, made-ups, clothing, and other items that are created from or using cotton, nylon, silk, polyester, acrylic, and other types of fibre, among other things, for use in automobiles and home furnishings. [1]

Industrial Facility
The business’s manufacturing plant for the production of technical textiles is at Mordi, Rajasthan.

Exports

The company began trading by exporting 100% cotton raw white yarns, 100% cotton yarns that had been dyed, and 100% cotton yarns that were a mélange of colours. Most of these exports go to Europe, Mauritius, Tunisia, Bangladesh

A prominent maker of high-performance speciality furnishing textiles for automotive, contract furniture, flame retardant fabric, and air textured yarn, Associate BMD Private Limited is a member of the corporation. It has also ventured into the production of wind and solar power, giving the company exposure to that industry. By March 2021, the Co had invested a total of 126 crores in BMD Private Ltd.

Important Managerial Staff
After Mr. Arjun Sharma left his position as company secretary, compliance officer, and chief financial officer on July 9, 2021, the company hired Mr. Saurabh Agrawal to fill those positions.

Other Revenue
The Co generated other income of Rs. 1.3 crores in FY21, primarily from investment interest.

Focus
The Co is exploring opportunities and avenues for pursuing a profitable venture in the technical textile space

 

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2. NDA Securities Ltd

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A prominent maker of high-performance speciality furnishing textiles for automotive, contract furniture, flame retardant fabric, and air textured yarn, BMD Private Limited is a member of the corporation. It has also ventured into the production of wind and solar power, giving the company exposure to that industry. By March 2021, the Co had invested a total of 126 crores in BMD Private Ltd. [3][4]

Important Managerial Staff
After Mr. Arjun Sharma left his position as company secretary, compliance officer, and chief financial officer on July 9, 2021, the company hired Mr. Saurabh Agrawal to fill those positions. [5][6]

Other Revenue
The Co generated other income of Rs. 1.3 crores in FY21, primarily from investment interest. [7]

Focus

The Co is exploring opportunities and avenues for pursuing a profitable venture in the technical textile space

 

 

3. Sita Enterprises Ltd

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ROUTINE 
Sita Enterprises Ltd is an investing and financial services company founded in 1982.

PRINCIPLES
Registration:[1]
Company is a non-banking finance company that has been authorised by the Reserve Bank of India as a non-systematic significant NBFC that does not accept or hold public deposits. According to RBI standards, the company is also categorised as an Investment and Credit Company (NBFC-ICC).

Provided Services:
The company makes investments in shares, stocks, real estate, mutual funds, other funds, venture capital property units, and trade receivables. It also engages in lending and has provided parties with advances on debts. Interest, dividends, and gains from the sale of investments are all sources of income for the company.

Associate:

Company has an associate viz., Bombay Mercantile & Leasing Company Limited (BML) which is an NBFC operating in Mumbai. Accounts of associates are not consolidated as SEL does not have significant influence over Bombay Mercantile and Leasing Company Ltd. Revenue

In FY21, company generated revenue from Interest Income on financial assets ~31%, Income from Receivable Financing ~48%, Dividend Income ~1%, Fair value changes – Realized gain/(loss) ~6%, Fair value changes – Unrealized gain/(loss) ~12% and Income from partnership Firm ~2%

4..Neelkanth Rockminerals Ltd

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ROUTINE 
Neelkanth Rockminerals Ltd., a 1988 incorporation, manufactures and sells granite slabs/tiles and mineral products.

PRINCIPLES 
Product Information:
Polished, Flamed, Cut to Size and Random Granite Slabs and Tiles of Gang Saw, Granite Counter Tops, Kitchen Tops, and Vanity Tops are among the company’s product offerings. These can be treated to meet the needs of the customer and come in a variety of edges and finishes.

Production Sale:
In Jodhpur, the company sold its manufacturing with the approval of its shareholders, who cast postal ballots.

Revenue Breakup: Other Income is the only source of revenue the company has produced in recent years from operations.

5.Mercantile Ventures Ltd

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ROUTINE 
Mercantile Ventures Ltd. was founded in 1985 and specialises in property leasing and staffing services.

PRINCIPLES

Overview of the company: 
Formerly an NBFC, the company now purchases immovable properties with the intention of leasing or renovating them for sale. The business also manages facilities and offers security and staffing services. Company invested in businesses and Limited Liability Partnerships in FY22. It also issued unsecured loans to third parties.

Scheme of Amalgamation:

On July 3rd 2022, the company approved a Scheme of Amalgamation between its three wholly owned subsidiaries, M/s. Cuningham Ventures Private Limited, M/s. Sahoj Ventures Private Limited, and M/s. Willingdon Ventures Private Limited.

Income Distribution:
In FY22, the company made money through immovable property rent and maintenance (11%), manpower services (16%), security services (42%), investment activity (12%), and other income (18%).

KMPs are changed:
a) In FY22, M/s. DPV & Associates’ term as the company’s statutory auditors came to an end, and M/s. Venkatesh & Co. took over.
b) On March 31, 2022, Ms. Anusha S resigned from her position as company secretary. On April 1, 2022, Ms. V Padmapriya took her place.

 

 

6.Titan Securities Ltd

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ROUTINE 
Titan Securities Ltd. was founded in 1993 and operates as a non-deposit accepting non-banking financial organisation.

PRINCIPLES 
Provided Services:
Dealing in bonds, debentures, listed and unlisted securities, shares, and other financial instruments.
b) Investments in stocks, bonds, debentures, and other types of securities.
b) Offering short- or long-term loans, financing, and advances for a range of uses.
d) Project consultation operations, such as providing advice on mergers, acquisitions, and takeovers of businesses, hotels, resorts, and industrial facilities like factories and mills.
e) Analysing the viability of various businesses that are for sale, including researching and analysing the history of the promoters, the technical and financial capacities of the businesses, the acquisition of hotels, including examining the occupancy rate and Average Rate of Return per Room, locational viability, and marketing strategies of former promoters of Hotels/ Resorts/ industrial unit/mill, etc.

Income Distribution:
Interest on loans accounted for 58% of the company’s revenue in FY22, followed by interest on bank deposits (33%), and other income (9%).

Refusal of Compensation:
Mrs. Manju Singla, the firm’s managing director, voluntarily opted to forego receiving 100% of her salary from October 2022 to March 2023 in order to care for those who were either directly or indirectly associated with the company on October 1st, 2022.

KMP resignations:
On 12/08/2022, M/s Sunita Agrawal & Co. submitted their resignation as statutory auditors. They were replaced by M/s. A N S K & Associates. b) On November 8, 2022, Mr. Rajeev Kumar Pareek, who had been named chief financial officer on May 3, 2022, tendered his resignation.