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Multibagger alert! This large cap stock doubled shareholder's money in 2021; do you own it?

A large number of multibagger stocks have been released for the year 2021. So far in 2021, SRF Limited shares have doubled investors' money. In comparison, the Nifty 50 index increased by over 25%, while the S&P BSE Sensex index increased by over 23%.

This multibagger stock has increased in value from Rs 5,571.8 to Rs 11,296.65. It has increased by 103 percent since the start of the year and by 159 percent in the last year.

Long-term investors have made fortunes by investing in this chemical stock, which has increased by 580 percent in the last five years and 3,523.5 percent in the last 10.

On the BSE, the large-cap stock surged 6% to an all-time high of Rs 11,296.65. The stock has a market capitalization of around Rs 66,000 crore, making it more valuable than the 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages.

For the quarter ending June 2021, the company declared a net profit of Rs 395.28 crore, up from Rs 177.09 crore the previous year. In the June-ended quarter, revenue from operations increased by 75% to Rs 2,699.40 crore, compared to Rs 1,545.15 crore a year before.

"The company's business is expected to do well on the back of higher demand in domestic A/C and an increase in refrigerator production capacities," Motilal Oswal said, in light of various government policies and initiatives such as the ban on pre-charged AC imports, PLI, Atmanirbhar Bharat, and an increase in personal mobility boosting the Auto sector.

"Overall, business performance is expected to improve, leading the way (a) better capacity utilisation and commissioning of new plants, such as CMS in 2HFY22, (b) Anhydrous Hydrogen Chloride sales ramp-up, and c) additional cost-cutting initiatives, such as supply-chain stabilisation "according to the brokerage firm's findings.

"With a healthy product pipeline, a big capex plan in chemicals and packaging films, and the ramp-up of new refrigerant capacity, the company's long-term commercial prospects remain strong. The change in TTB's margin profile would boost total margins by 70-80 basis points, partially offsetting the predicted downturn in PFB margins "Systematix said.

SRF's total debt/EBITDA ratio is expected to reduce from 1.72x in FY21 to 0.98x in FY24E, according to Dolat Capital, as the company begins to generate a positive FCFF after FY23E. Due to greater than forecast sales of refrigerant gases and an increase in the margins of technical textiles, the brokerage firm has raised the EPS by 9% and 6% in FY22 and FY23, respectively.

The company's long-term growth is healthy, as operating profit has increased at an annual rate of 23.27 percent and the business has declared positive results for the last four consecutive quarters, according to MarketsMojo. Since April 6, 2021, when the technical trend was Mildly Bullish, it has earned 82.97 percent returns.

The stock is currently trading in a bullish range, with multiple indicators such as the MACD, Bollinger Band, KST, DOW, and OBV all indicating a bullish trend. It did note, however, that the current valuation is extremely high.