Sep 27, 2023
By: Katya Naidu
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The mother of all multibaggers, 100-baggers are stocks that gave 100-fold returns over 20 years.
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Manufacturing stocks were always valued lower than services sector stocks which were seen as growth givers. But these stocks stood the test of time to give oversized returns in 20 years.
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Most of the stocks that constitute the 100-bagger list hails from traditional manufacturing – commodities (chemicals, cement, etc.), building materials, home appliances, capital goods, engineering, discretionary consumption, staples and pharma, says ICICI Direct.
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Chemicals company P I Industries and wire and cable company KEI Industries top the list of 100-baggers. They grew at a compounded annual growth rate (CAGR) of 55% over 20 years. While PI’s gave a massive 6,485x returns, KEI gave 3,315x returns.
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Deepak Nitrite, the specialty chemicals company, also gave 501-times returns as it grew at 36% CAGR. Navin Fluorine gave 433x returns, while United Phosphorus gave 324x returns. Kajaria Ceramics gave 321x returns. Shree Cement gave 291x returns.
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Supreme Industries gave 233x returns, while Atul Industries and Carborundum are also amongst industrial companies that gave over 100x returns, as per the report. Grindwell Norton and Siemens also gave over 90x returns.
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Berger Paints gave 214x returns, Pidilite gave 167x and Asian Paints also gave 105x returns.
Credit: Berger Paints
Balkrishna Industries is amongst the top auto sector companies with 435x returns, followed by Eicher Motors giving 214x returns. Timken India gave over 80x returns.
Credit: Eicher Motors
Ajanta Pharma gave 220x returns while Divi's Labs gave 86x returns over 20 years, says the report.
Credit: Divi's Labs