Dalal Street Ninjas! 6 multibagger smallcaps see consistent earnings growth in FY23

Despite inflation, cost pressures and a weak global environment, 28 smallcap Indian companies have beaten challenges to report more than 20% YoY growth in earnings consistently in the last four quarters, according to ETMarkets. The publication’s analysis considered smallcaps with a minimum capitalisation of INR 10bn ($15.5m). At least 10 of the 28 companies reported returns of more than 50% over the past year, including Apar Industries and Anant Raj.