Minting millions: These 85 multibaggers delivered 10x return in last one decade

New Delhi: Domestic and macro cues have kept volatility high on Dalal Street. Short-term traders might be having the best of both worlds, but long-term investors have become restless.

However, experts believe that equity investment remains the best asset class for investors in the longer term. Even data suggests the same.

At a time when returns from fixed deposits have remained muted and gold has just more than doubled investors' wealth, BSE barometer Sensex has delivered a return of 242 per cent since August 2012.

The stock-specific performance is more encouraging. Out of 340 stocks, which continued to be a part of the BSE500 index for over 10 years, 210 have outperformed the benchmark. Meanwhile, 85 of them have delivered a return of 1,000 per cent or even more.

The list is topped by Alkyl Amines Chemicals which has delivered an astronomical return of 13,345 per cent as the stock price jumped to Rs 2967.2 on August 30, 2022, from Rs 22.07 on August 31, 2012.

It is followed by Tanla Platforms which zoomed more than 13,000 per cent in the last one decade. The stock price jumped to Rs 719.55 from merely Rs 5.48.

Both these stocks have turned an investment of Rs 10,000 into more than Rs 13 lakh in 10 years, showing the power of compounding over the years.

"Equity market is highly liquid and requires less capital compared to other asset classes which may lack both of the benefits. Equity space in India is the most tax effective asset class for the investors, compared to others," Sonal Minhas, Founder, Prescient Capital, said.

Companies like Deepak Nitrite, Caplin Point Laboratories and HLE Glascoat have also gained between 10,000-12,000 per cent, turning an investment of Rs 10,000 into at least Rs 10 lakh or more.


Satyajeet Kunjeer, Founder & CEO, Deciml believe that young investors, who are starting their investment journey and have a lot of time ahead of them, should invest with a long-term view.

"In the long term, equities have the best return generating potential compared to other asset classes," Kunjeer suggested. "However, one should diversify their investments and have some exposure to other asset classes as well."

UNO Minda, KEI Industries, Tata Elxsi, Balaji Amines, Navin Fluorine International, Bajaj Finance, SRF, Garware Technical Fibres, Astral, APL Apollo Tubes and Westlife Development have gained between 5,000-10,000 per cent in the last one decade.



Market experts suggest that investors should focus on companies with strong business models, robust balance sheets, and solid growth prospects. One should look for sturdy moats to hunt wealth creators in the longer run.

Anubhav Mukherjee, Co-founder of Prescient Capital auto ancillaries focused on developing and supplying components to the EV industry, and engineering and capital goods companies that derive a significant portion of their revenue from global markets.

Equity is a long-term only investment and one should invest in this space for at least five years to ride the short-term volatility, said the founders of Prescient Capital. "Even the fundamentals do not play out well in this short-time horizon."

In the longer run, stock performance is guided purely by the business performance, management's commitment and sound balance sheet, experts said.

Even the listed bluechips have reached their current stellar heights over the years but have seen sharp corrections in the near term.

Most investors believe equity is a short-term investment and one can get rich quickly by betting on equities in the short run, but the truth is exactly the opposite, said Minhas. "One should use equity to compound wealth over long periods of time."

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)