Relentless focus on product innovation, and add a visionary management to it, chances are you have got a multibagger!
One stock has done such a thing on Dalal Street. With a 3,200 per cent rally since April 2014, Garware Technical Fibre (formerly known as Garware-Wall Ropes) has become the most buzzing stock in the smallcap space. This rejuvenation came after the stock delivered ‘nil’ returns for five years between September, 2009 and March, 2014.
Superior return ratios back up the outstanding performance of the stock: return on capital employed (RoCE) of the company has jumped to 23 per cent in FY20 from 12 per cent in FY10, return on equity (RoE) grew to 20 per cent from 9, and return on assets (RoA) to 12 per cent