1 / 14It’s 2025 and many of us want to start afresh and build on our careers, health, wealth and overall wellbeing. Speaking about career and wealth, the Covid-19 lockdown thought each one of us that the no one should depend on a single source of income, many employees were laid off, many businesses had to shut, and many people were left without income as they couldn’t operate or function as they normally did. (Image: Reuters)
2 / 14However, one thing stood out amid the virus outbreak, which was, those who had invested in stock markets continued to grow their wealth. Nonetheless, one question that kept playing on investor’s mind was finding stocks with solid fundamentals, especially when the market is on a Bull run. (Image: Reuters)
3 / 14In terms of duration, the latest bull run in India’s equity markets have already overtaken what we had witnessed between 2003-2008. But as experts suggest, the ongoing rally has some more legs, and only time will tell, whether there’s a correction up head, or growth will continue. CNBC-TV18 has handpicked some of the multi-baggers of 2024, that gave highest returns to investors. And no, we’re not suggesting you invest in these companies, we’re just apprising you about some of the top companies and sharing data about them.
4 / 14The market capitalisation of these companies was below ₹5,000 crore at the beginning of 2024 and now they have tunred to become mid-cap firms and are valued between ₹6,000 and ₹16,000 crore. Similarly, loss making companies and those with lower growth in revenue and profit have been excluded from the sample. Not to mention, the net profit of all these multi-baggers have more than doubled in FY24. The only aberrations were Aily Engineering Plastics and Garware Hi-Tech Films. Yet, they have achieved a net profit growth of 22% and 63% respectively, in FY24. (Image: Reuters)
5 / 141. Shakti Pumps | Shares of Shakti Pumps have had stellar runs in both 2023 and 2024. While the stock of the water company has surged over six-fold in 2024, the stock had returned 151% in 2023 as well. The rally is Shakti’s shares was on the back of decent growth in fundaments. While the net profit of the company surged at a compounded rate of 23% between FY22 and FY24,, the revenue increased by 14% during the same period.
6 / 142. Waaree Renewable Technologies | The stock of Waaree Renewable Technologies neither lags behind other multi-baggers in generating handsome returns to investors. Up till 2020, the stock of renewable equipment maker was available at about less than Rs 10. The stock generated a return of 2,024% in 2021 and post then there is no look back. Currently, shares of Waaree Renewable Technologies are quoted at four digits with a market capitalisation of ₹14500 crore, that is an increase of nearly ₹10,000 crore in just one year. The net profit of Waaree Renewable Technologies increased by 167% to ₹148 crore in FY24, with a similar surge in net revenue, The revenue of the company stood at ₹870 crore. (Image: Shutterstock)
7 / 143. Garware Hi-Tech Films | Shares of Garware Hi-Tech Films have rallied three-and-a-half times in 2021 after gaining 113% in 2023. The manufactures plastic products and film have seen their profit growing 20% over the last five years through FY24. The revenue of the company surged on a compounded rate of 12% in five years to Rs 1677 crore. The extended rally in Garware Hi-Tech Films also swelled its market valuation by ₹8400 crore during the year, which currently stands at ₹11854 crore. (Image: Reuters/Tim Wimborne)
8 / 144. Ganesh Housing Corporation | Gujarat-based Ganesh Housing Corporation has been generating positive returns every year since 2021. Over the last four years, the stock of infrastructure development company has rallied nearly 4000%. Ganesh Housing Corporation swung to profit in FY22 and reported a net profit growth of 360% to ₹461 crore. (Image: Shutterstock)
9 / 145. Insolation Energy Ltd | Insolation Energy joins in other multi-baggers when it comes to generating returns. Share of the Rajasthan-based renewable energy equipment-maker were listed on SME plat form at offer price of just ₹38 in October 2022. That compares with the current quoted price of ₹3573.80. Interestingly, stocks of renewable energy related companies have been rallying amid expectation that various measures taken by the government will boost the industry and which will in turn bear fruits for these companies. (AP Photo/Sam McNeil)
10 / 146. Balu Forge Industries | Shares of Balu Forge Industries rallied more than 200% each in last two years. The company has added almost ₹6200 crore to its market capitalisation in 2024 after adding nearly ₹2000 crore in the year ago period. Balu Forge Industries, which involved in manufacturing of crankshafts, currently boast a market capitalisation of Rs 8520 crore. The net profit of the company increased by 141% in FY24 to ₹94 crore while the revenue surged 71% to ₹553 crore.
11 / 147. Piccadily Agro Industries | In three out of last five years, Piccadily Agro Industries has delivered three-digits returns to its shareholders, with 2023 being the highest at 552%. The net profit of Piccadily Agro Industries surged nearly five-fold to ₹110 crore in FY24 while the revenue increased by 28% to ₹779 crore. (Image: Reuters)
12 / 148. Shaily Engineering Plastics | Shares of Shaily Engineering Plastics climbed to their record high of ₹1564.85 on Friday (January 3, 2025) and is already up by 8% in this year. The rally follows last year’s gain as it soared 328%, swelling its valuation by ₹5074 crore. At the begging of the year, the company commanded a market capitalisation of ₹1542 crore. Further, the domestic mutual fund house — Motilal Oswal AMC – increased its holding in the company in November to 8.6%.
13 / 149. Shilchar Technologies | About two years ago, shares of Shilchar Technologies were available at about ₹500. In comparison, the stock ended its Friday’s session at ₹8429.30 on the BSE. The current market valuation of the company stood at ₹6429 crore, and has added ₹3926 crore during 2024. The company reported a net profit of ₹92 crore in FY24 against ₹43 crore reported a year ago. The topline of Shilchar Technologies grew by 42% in FY24 to ₹397 crore.
14 / 1410. Jeena Sikho Lifecare | Shares of Jeena Sikho Lifecare have generated healthy returns to shareholders since its debut in 2022. After rallying 352% in 2023, the stock of Jeena Sikho Lifecare has added another 260% in 2024. The company, which offers health care services and products saw its net profit doubling in FY24 to Rs 69 crore. During the same, the revenue of the company increased by 59% to ₹324 crore.
