{"id":4432,"date":"2025-06-14T12:08:07","date_gmt":"2025-06-14T06:38:07","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=4432"},"modified":"2025-06-14T12:08:08","modified_gmt":"2025-06-14T06:38:08","slug":"3-stocks-that-turned-%e2%82%b91-lakh-into-%e2%82%b950-lakh-but-is-there-more-juice-left","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/3-stocks-that-turned-%e2%82%b91-lakh-into-%e2%82%b950-lakh-but-is-there-more-juice-left\/","title":{"rendered":"3 Stocks That Turned \u20b91 Lakh Into \u20b950 Lakh \u2014 But Is There More Juice Left?"},"content":{"rendered":"\n<p id=\"0\">Every investor dreams of that one multibagger stock \u2014 the kind that quietly turns \u20b91 lakh into \u20b950 lakh. For some, this dream has already come true. A few under-the-radar small caps have transformed into serious wealth creators over the past few years.<\/p>\n\n\n\n<p>These companies didn\u2019t rise on hype. Their core businesses evolved, earnings took off, and investors who stayed the course \u2014 without trying to time the market \u2014 saw phenomenal gains. But now that these stocks have already delivered 50x returns, a key question arises: <strong>Is there any upside left? Or is the best behind us?<\/strong><\/p>\n\n\n\n<p>Let\u2019s dive into three such standout names.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>#1 Bombay Stock Exchange (BSE): A Classic With a New Growth Engine<\/strong><\/h3>\n\n\n\n<p>Asia\u2019s oldest stock exchange, operating since 1875, BSE is also the world\u2019s fastest, clocking trades at 6 microseconds. It provides trading services across equities, debt, currencies, derivatives, and mutual funds.<\/p>\n\n\n\n<p>One of its standout platforms, <strong>BSE StAR MF<\/strong>, is now India\u2019s largest online mutual fund distribution platform. It processes 2.7 million transactions per month and adds nearly 200,000 new SIPs monthly.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Explosive FY25 Performance<\/strong><\/h4>\n\n\n\n<p>BSE\u2019s performance in FY25 was driven by strong operating leverage:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue doubled<\/strong> to \u20b932 billion (vs \u20b915.9 billion in FY24)<\/li>\n\n\n\n<li><strong>Net profit surged 71%<\/strong> to \u20b913.2 billion<\/li>\n\n\n\n<li><strong>Operating margins expanded<\/strong> from 28% to 51%<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Derivatives Boom: A Game-Changer<\/strong><\/h4>\n\n\n\n<p>Derivatives now make up <strong>44%<\/strong> of BSE\u2019s total revenue \u2014 \u20b914.2 billion, up from just \u20b91.8 billion a year ago. A spike in average daily premium turnover (\u20b971.6 billion \u2192 \u20b9118 billion) offset a decline in notional turnover, thanks to favorable regulatory shifts.<\/p>\n\n\n\n<p><strong>Equity transaction charges<\/strong> also contributed \u20b93 billion, while total transaction charges nearly <strong>tripled<\/strong> to \u20b920.3 billion.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Other Growth Drivers<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mutual fund segment revenue: <strong>\u219180%<\/strong> to \u20b92.3 billion<\/li>\n\n\n\n<li>Corporate services (listing &amp; compliance fees): <strong>\u219140%<\/strong> to \u20b94.9 billion<\/li>\n\n\n\n<li>Plans to launch <strong>40 new indices<\/strong> in FY26 to capitalize on passive investing<\/li>\n\n\n\n<li>Improved infrastructure: 100 new server racks for increased trading activity<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Valuation Watch<\/strong><\/h4>\n\n\n\n<p>BSE currently trades at <strong>89x P\/E<\/strong>, far above its 10-year average of 29x. While structural tailwinds (derivatives growth, increased participation) remain, the valuation suggests <strong>a lot of optimism is already priced in<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>#2 Elecon Engineering: Quietly Gearing Up for Global Growth<\/strong><\/h3>\n\n\n\n<p>Elecon Engineering, one of Asia\u2019s largest industrial gear makers, holds a commanding 38\u201340% share of India\u2019s gear market. It also has a strong presence in material handling equipment (MHE) and is known for its high-tech engineering \u2014 supplying marine gears to the Indian Navy is a case in point.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Strong FY25 Financials<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue<\/strong>: \u20b922.3 billion, up 15%<\/li>\n\n\n\n<li><strong>EBITDA<\/strong>: \u20b95.4 billion; margins at 24.4%<\/li>\n\n\n\n<li><strong>Net profit<\/strong>: \u20b94.2 billion, up 17%<\/li>\n\n\n\n<li><strong>Gear division<\/strong>: 79% of revenue<\/li>\n\n\n\n<li><strong>MHE division<\/strong>: 21%, with a sharp 73% YoY growth<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Global Playbook and Sectoral Tailwinds<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Domestic revenue: 77%; International: 23%<\/li>\n\n\n\n<li>Target: Increase international share to <strong>50% by FY30<\/strong><\/li>\n\n\n\n<li>Strong demand across sectors like <strong>steel, cement, and power<\/strong><\/li>\n\n\n\n<li>Open order book stands at \u20b99.5 billion (+20% YoY)<\/li>\n\n\n\n<li>Order intake grew 19% to \u20b924 billion in FY25<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Valuation Perspective<\/strong><\/h4>\n\n\n\n<p>At <strong>37x P\/E<\/strong>, Elecon trades above its 10-year average of 21x. The stock is <strong>expensive<\/strong>, but structural growth \u2014 especially from global markets and infrastructure investments \u2014 provides a compelling long-term story.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>#3 BLS International: Riding the Travel and Digital Boom<\/strong><\/h3>\n\n\n\n<p>Founded in 1983, BLS International is a leading provider of visa, passport, and consular services, operating in over 70 countries. It manages non-judicial tasks for visa processing \u2014 from submission to approval.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>FY25 Snapshot<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue<\/strong>: \u20b921.9 billion, up 31%<\/li>\n\n\n\n<li><strong>EBITDA<\/strong>: \u20b96.3 billion, up 82%; margin expanded to 20.6%<\/li>\n\n\n\n<li><strong>Net profit<\/strong>: \u20b95.4 billion, up 66%<\/li>\n\n\n\n<li><strong>Net cash position<\/strong>: \u20b99.3 billion<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Business Breakdown<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Visa and consular services<\/strong>: 75% of revenue\n<ul class=\"wp-block-list\">\n<li>Applications rose 31% to 3.7 million<\/li>\n\n\n\n<li>Revenue per application increased 35% to \u20b92,903<\/li>\n\n\n\n<li>EBITDA margin: 34.5%<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Digital services<\/strong>: 25% of revenue\n<ul class=\"wp-block-list\">\n<li>Revenue up 71%<\/li>\n\n\n\n<li>Margin pressure due to higher operational costs<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What\u2019s Ahead?<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Active acquisition strategy (\u20b910 billion deployed in FY25)<\/li>\n\n\n\n<li>Strong revenue visibility from upcoming <strong>$1\u20132 billion government contracts<\/strong><\/li>\n\n\n\n<li>Proxy play on <strong>rising global travel demand<\/strong>, higher disposable incomes, and easing visa regulations (e.g., ASEAN visa reforms)<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Valuation Check<\/strong><\/h4>\n\n\n\n<p>BLS trades at <strong>30x P\/E<\/strong>, broadly in line with its historical average of 32x. Compared to BSE and Elecon, <strong>BLS offers relatively reasonable valuation with solid growth visibility<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Final Thoughts: Should You Buy Now?<\/strong><\/h3>\n\n\n\n<p>Over the past five years, <strong>BSE, Elecon, and BLS International<\/strong> have delivered massive shareholder returns. Each benefited from structural tailwinds:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BSE<\/strong> rode the derivatives boom and platform scale<\/li>\n\n\n\n<li><strong>Elecon<\/strong> capitalized on infrastructure momentum and global demand<\/li>\n\n\n\n<li><strong>BLS<\/strong> gained from rising visa volumes and digital transformation<\/li>\n<\/ul>\n\n\n\n<p>However, <strong>valuations now matter more than ever<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BSE<\/strong> is richly valued \u2014 pricing in a lot of its future growth<\/li>\n\n\n\n<li><strong>Elecon<\/strong> looks expensive, but global expansion offers upside<\/li>\n\n\n\n<li><strong>BLS<\/strong> appears fairly priced, with consistent earnings momentum and a strong balance sheet<\/li>\n<\/ul>\n\n\n\n<p id=\"0\">If you\u2019re looking for long-term compounders, <strong>understanding the growth runway versus current valuations<\/strong> is key. The dream of 50x returns may be behind us for now, but solid businesses still have the potential to deliver strong, sustainable gains \u2014 if you enter at the right price.<\/p>\n\n\n\n<p id=\"0\"><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/instagram.com\/Eqwires\">Instagram<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every investor dreams of that one multibagger stock \u2014 the kind that quietly turns \u20b91 lakh into \u20b950 lakh. For some, this dream has already come true. A few under-the-radar small caps have transformed into serious wealth creators over the past few years. These companies didn\u2019t rise on hype. Their core businesses evolved, earnings took off, and investors who stayed the course \u2014 without trying to time the market \u2014 saw phenomenal gains. But now &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/3-stocks-that-turned-%e2%82%b91-lakh-into-%e2%82%b950-lakh-but-is-there-more-juice-left\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;3 Stocks That Turned \u20b91 Lakh Into \u20b950 Lakh \u2014 But Is There More Juice Left?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-4432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=4432"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4432\/revisions"}],"predecessor-version":[{"id":4435,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4432\/revisions\/4435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/4434"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=4432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=4432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=4432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}