Multibagger Stock: There are many stocks present in the stock market, which have given excellent returns to their investors. Many of these stocks have made bumper earnings for their investors, which have now come in the list of multibagger stocks.
These also include the Magellanic Cloud. The shares of this company have showered money on investors in just five years. Let us know how much return it has given to its investors in five years.
Gave This Much In Return
There was a time when the share price was less than Rs 4. But now the share price has crossed Rs 600. In just five years, the stock has come a long way while giving excellent returns to its investors.
On 18 October 2019, price was rs 3.90. Now the share price closed at Rs 624.65 on 16 February 2024.
The stock has grown by 6000% in just five years. This momentum still seems to be continuing.
The Price Crossed Rs 600
The share first crossed the price of Rs 100 in the year 2022. Whereas between March 2022 and March 2023, share prices were seen between Rs 80 and Rs 120.
However, after this, the stock rose significantly. Within a year the share price went from Rs 100 to Rs 600. And in the year 2024 itself, the share crossed the price of Rs 500 and Rs 600 for the first time. Within a year the stock appeared to have completely rocketed.
Gave Huge Much Return In One Year
Magellanic Cloud’s 52-week high and all-time high is Rs 660. Along with this, its 52-week low price is Rs 115.25. In such a situation, the share has shown a rise of more than Rs 500 within a year.
When we take a look at one year’s growth, we can see that the stock has returned more than 438% for its investors within a year.
About Magellanic Cloud Ltd Company
Magellanic Cloud Limited is an Indian-based company that is involved in the development of software Digital Transformation, as well as operations and development (DevOps) area.
The company operates within the Information Technology (IT) sector with a particular focus on areas like digital transformation cloud-based migrations, DevOps, app rationalization along digital asset administration. It maximizes efficiency by using processes, tools, and people.
The Company manages IT Projects for its customers across the globe.
The most crucial deliverables are DevOps which includes Cloud transitions Platform Migration, MS Azure and Amazon Cloud Administration, and Application Delivery. Other projects include human capital, for example, IT personnel and placement.
In the area of transformational digital technology, the company manages projects such as the rationalization of digital workplace applications and digital asset management.
Fundamental Analysis of Magellanic Cloud Ltd
| Market Cap | ₹ 7,251 Cr. |
| Current Price | ₹ 620 |
| 52-wk High | ₹ 660 |
| 52-wk Low | ₹ 115 |
| Stock P/E | 88.9 |
| Book Value | ₹ 29.2 |
| Dividend | 0.02 % |
| ROCE | 31.2 % |
| ROE | 39.5 % |
| Face Value | ₹ 10.0 |
| P/B Value | 21.3 |
| OPM | 30.2 % |
| EPS | ₹ 7.03 |
| Debt | ₹ 235 Cr. |
| Debt to Equity | 0.69 |
Magellanic Cloud Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹625 | ₹655 |
| 2025 | ₹660 | ₹675 |
| 2026 | ₹698 | ₹722 |
| 2027 | ₹730 | ₹743 |
| 2028 | ₹750 | ₹787 |
| 2029 | ₹798 | ₹888 |
| 2030 | ₹900 | ₹1100 |
Magellanic Cloud Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 60.58% |
| Mar 2023 | 58.65% |
| June 2023 | 58.64% |
| Sept 2023 | 58.64% |
| Dec 2023 | 58.64% |
| FII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.23% |
| Dec 2023 | 0.44% |
| Public Holding | |
| Dec 2022 | 39.42% |
| Mar 2023 | 41.36% |
| June 2023 | 41.35% |
| Sept 2023 | 41.13% |
| Dec 2023 | 40.92% |
Magellanic Cloud Ltd Share: Last 5 Years’ Financial Condition
To better understand 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 | ₹ 204 Cr |
| 2020 | ₹ 174 Cr |
| 2021 | ₹ 253 Cr |
| 2022 | ₹ 253 Cr |
| 2023 | ₹ 538 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 8 Cr |
| 2020 | ₹ 7 Cr |
| 2021 | ₹ 2 Cr |
| 2022 | ₹ 29 Cr |
| 2023 | ₹ 82 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.22 |
| 2020 | 0.65 |
| 2021 | 1.33 |
| 2022 | 1.1 |
| 2023 | 0.63 |
Last 10 Years’ Profit Growth:
| 5 Years: | 76% |
| 3 Years: | 132% |
| Current Year: | 42% |
Last 10 years’ Return on Equity (ROE):
| 5 Years: | 30% |
| 3 Years: | 34% |
| Last Year: | 40% |
Sales Growth Over 10 Years:
| 5 Years: | 22% |
| 3 Years: | 35% |
| Current Year: | 45% |
Conclusion
This article is a complete guide about Magellanic Cloud Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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