Multibagger inventory: Investing within the inventory market isn’t a fast path to generate profits, it requires endurance and a long-term perspective to attain substantial earnings. Whereas multibagger shares supply the potential for substantial positive factors, they require thorough analysis and cautious choice.
Let’s check out the share value historical past of Drive Motors, which has given multibagger returns to its long-term buyers. Within the final 16 years, Drive Motors share value has surged from ₹56.65 apiece to ₹7,435 presently, delivering a return of 13,024 per cent.
To place it in perspective, an funding of ₹1 lakh made 16 years in the past within the inventory and held over time would have grown considerably to ₹1.31 crore.
Drive Motors inventory motion
Drive Motors share value was buying and selling greater lower than a p.c on Thursday, March 6, to ₹7,442 apiece on Bombay Inventory Change (BSE). At 9:20 am, the inventory touched an intraday excessive to ₹7,538.20.
Wanting on the historical past of Drive Motors inventory, the shares have confirmed to be wealth creating machine for its long-term buyers because it has risen over 641 per cent in over 5 years. The inventory has gained as a lot as 26.24 per cent in previous one 12 months.
The inventory has remained unstable within the short-term. Drive Motors shares have ascended 12.66 per cent in over a month, nevertheless, has fallen over 3.78 per cent in final six months.
When it comes to year-to-date (YTD), the inventory has gained 11.84 per cent, rising from ₹6,631.55 to the present market value.
Drive Motors monetary overview
Drive Motors Ltd recorded a 35% year-on-year (YoY) development in consolidated web revenue, reaching ₹115.3 crore in Q3 FY24, up from ₹85.4 crore in the identical interval final 12 months.
The corporate’s income rose by 11.7% YoY to ₹1,889.5 crore, in comparison with ₹1,691.7 crore in Q3 FY23. Nevertheless, working efficiency remained sluggish, with EBITDA growing simply 3.2% YoY to ₹231.7 crore from ₹224.5 crore within the earlier 12 months.
The EBITDA margin declined to 12.3% from 13.3% in the identical interval final 12 months, impacted by rising enter prices and operational challenges.
The automaker’s complete revenue reached ₹1,904.4 crore, reflecting an 11.4% development in comparison with ₹1,695.7 crore in Q3 FY24.
Drive Motors, famend for its business autos and utility transport options, stays dedicated to increasing its product lineup and enhancing its presence in each home and worldwide markets.
