Multibagger stock: Many such stocks in the stock market have given multibagger returns to investors in just a few years.
One such stock is carbon black manufacturer PCBL Limited (NSE: PCBL). This share, which was at the level of ₹ 31 in March 2020, is today at the level of ₹ 245.55.
The stock has given a return of 684% during this period. For comparison, The Nifty Small-Cap 100 index posted an increase of 158% over the same time.
This stock has provided 4253% of its earnings for investors over the long run.
When And How Much Return In 10 Years
If we look at the performance of the last 10 years (2013-2023), PCBL Limited shares have given positive returns 7 times.
Of these, this stock gave the highest return of 338% in 2017. Then the stock climbed by 94% during the year 2023. The cost of this shares was Rs5.65 10 years ago.
Investors have got a strong return of 4253% during this period. This company has been among the largest manufacturers of carbon black in India with a client base of more than 45 different countries.
Carbon black the primary raw material used for the manufacture of automobile tires, is manufactured by using carbon black feedstock (CBFS) and Tar oil.
What Did The Brokerage Say?
Global brokerage firm has given a ‘buy’ rating citing the recent improvement in the stock and positive outlook for the company. Along with this, a target price of ₹ 350 per share has been fixed.
The brokerage stated that expanding the CBO-CBFS (carbon black feedstock black) differential is good for Indian players.
According to the brokerage, CBFS-based companies like PCBL are expected to maintain their competitive edge over China’s CBO-based carbon black producers.
About PCBL Ltd Company
PCBL Limited is an India-based carbon black manufacturer. The products of the company are special chemicals, Tires, and Performance Chemicals as well as Product Stewardship as well as Safety Data Sheet (SDS).
Specialty Chemicals can be used as pigments in coatings, plastic, inks, and other applications.
The businesses are located in Durgapur (West Bengal), Mundra (Gujarat), Palej (Gujarat), and Kochi (Kerala).
High-tech applications include rechargeable batteries, fiber and premium automotive paints.
Specialty Chemicals Related Products include fiber pressure pipes, food contact, multiple-layered film, inks and moldings, coatings, and films general pipelines, drip irrigation as well as engineering plastics.
The company’s total operating income is 5873.89 crores, and its equity capital of Rs 37.75 crores. It was established in the year 1960.
Fundamental Analysis of PCBL Ltd
| Market Cap | ₹ 9,320 Cr. |
| Current Price | ₹ 245.55 |
| 52-wk High | ₹ 344 |
| 52-wk Low | ₹ 108 |
| Stock P/E | 19.3 |
| Book Value | ₹ 82.6 |
| Dividend | 2.23 % |
| ROCE | 16.9 % |
| ROE | 15.7 % |
| Face Value | ₹ 1.00 |
| P/B Value | 2.99 |
| OPM | 15.5 % |
| EPS | ₹ 12.8 |
| Debt | ₹ 1,171 Cr. |
| Debt to Equity | 0.38 |
PCBL Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹345 | ₹370 |
| 2025 | ₹380 | ₹405 |
| 2026 | ₹412 | ₹453 |
| 2027 | ₹460 | ₹498 |
| 2028 | ₹500 | ₹514 |
| 2029 | ₹532 | ₹555 |
| 2030 | ₹580 | ₹623 |
PCBL Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 51.41% |
| Mar 2023 | 51.41% |
| June 2023 | 51.41% |
| Sept 2023 | 51.41% |
| Dec 2023 | 51.41% |
| FII Holding | |
| Dec 2022 | 8.58% |
| Mar 2023 | 6.34% |
| June 2023 | 6.56% |
| Sept 2023 | 7.07% |
| Dec 2023 | 7.12% |
| DII Holding | |
| Dec 2022 | 7.16% |
| Mar 2023 | 8.15% |
| June 2023 | 9.05% |
| Sept 2023 | 7.78% |
| Dec 2023 | 6.25% |
| Govt. Holding | |
| Dec 2022 | 1.24% |
| Mar 2023 | 1.24% |
| June 2023 | 1.24% |
| Sept 2023 | 1.24% |
| Dec 2023 | 1.24% |
| Public Holding | |
| Dec 2022 | 31.62% |
| Mar 2023 | 32.85% |
| June 2023 | 31.74% |
| Sept 2023 | 32.51% |
| Dec 2023 | 33.98% |
PCBL Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 3,529 Cr |
| 2020 | ₹ 3,244 Cr |
| 2021 | ₹ 2,660 Cr |
| 2022 | ₹ 4,446 Cr |
| 2023 | ₹ 5,865 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 383 Cr |
| 2020 | ₹ 288 Cr |
| 2021 | ₹ 314 Cr |
| 2022 | ₹ 426 Cr |
| 2023 | ₹ 482 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.44 |
| 2020 | 0.32 |
| 2021 | 0.29 |
| 2022 | 0.26 |
| 2023 | 0.33 |
Last 10 Years’ Profit Growth:
| 10 Years: | 36% |
| 5 Years: | 14% |
| 3 Years: | 15% |
| Current Year: | 13% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 14% |
| 5 Years: | 18% |
| 3 Years: | 17% |
| Last Year: | 16% |
Sales Growth Over 10 Years:
| 10 Years: | 10% |
| 5 Years: | 18% |
| 3 Years: | 21% |
| Current Year: | 4% |
Conclusion
This article is a complete guide about PCBL Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
