multibagger returns, Multibagger Stock: Biodiesel stock that gave multibagger returns in just 7 months… Do you own it? – in just 7 months this biofuel stock delivered multibagger returns!

Kotyark Industries Ltd. is a stock that has given multipacker returns to its shareholders within 7 months. The company is a biofuel company. It is available on NSE SME platform in November 2021. Since then on 5 July 2022 the stock has risen from Rs 73.6 to Rs 280.

Biofuel Commission of Rajasthan Government has approved the business. The company caters to the energy needs of vehicles such as trucks, buses, cars, boilers, factories, ships and farms with its products. RICCO has set up 100,000 KL per month biodiesel production facility at Swaroopganj, Rajasthan by Kodyark Industries, Multi Feedstock. To create larger capacities than the existing system, the company intends to build comparable factories either independently or through joint ventures.

Gaurang Shah and Durthi Shah are the directors of the company. They are well versed in biodiesel industry. Earlier, he worked at Yamuna Bio Energy Pvt. During his tenure Yamuna Bioenergy grew manifold in terms of turnover, revenue, capacity utilization and R&D expansion. On a valuation basis, Codeyark Industries trades at 26.62x PE. Whereas its industry PE stands at 26.34x.

Looking at the company’s financials, the topline has more than tripled in the last four years. During the same period, EBITDA and PAT numbers were almost 14 times. As of March FY22 period, the company has ROE and ROCE of 32.44% and 40.65% respectively.

In general, a large number of businesses involved in the biodiesel and biopower industries have flourished recently. Companies involved in biodiesel and biopower production have expanded as a result of increased awareness by governments and businesses to reduce carbon emissions and seek greener energy options.

As of July 4, 2022, the stock is trading at Rs 280. The stock touched a 52-week high and low of Rs 402 and Rs 67.9 respectively.