5 Multibagger Stocks That Delivered Up to 30,000% Returns Since COVID-19 Crash
Introduction:
5 Multibagger Stocks: Since the market lows of March 2020, the Indian stock market has witnessed a historic rally of nearly 15,000 points. This surge has been powered by a combination of strong economic recovery, robust corporate earnings, global liquidity, aggressive government reforms, and a significant rise in retail investor participation. Amid this bull run, several lesser-known stocks have turned into multibaggers, delivering jaw-dropping returns — with some skyrocketing up to 30,000%.
In this article, we explore five such astonishing performers: PG Electroplast, Transformers & Rectifiers (India) Ltd (TRIL), CG Power & Industrial Solutions, Zen Technologies, and Bombay Stock Exchange (BSE). Let’s take a closer look at these market wonders and what has driven their meteoric rise.
📈 Top 5 Stocks That Delivered up to 32,000% Returns Since COVID Crash
1. PG Electroplast (PGEL) – 30,246% Return
PG Electroplast, a key player in India’s electronics manufacturing sector, has transformed into a multibagger with a staggering 30,246% return. From ₹2.89 in April 2020 to ₹877 in 2025, PGEL has been a standout performer, benefiting from the Make in India initiative and growing demand for contract manufacturing.
2. Transformers & Rectifiers (India) Ltd (TRIL) – 16,500% Return
TRIL specializes in designing and manufacturing transformers for power generation and transmission. The stock has surged from ₹2.97 in April 2020 to ₹495 in 2025, riding on strong order flows, power sector reforms, and export demand.
3. CG Power & Industrial Solutions – 10,367% Return
From being a debt-laden company in 2020, CG Power underwent a dramatic turnaround post its acquisition by the Murugappa Group. The stock has rallied from ₹5.55 to ₹581, delivering over 10,000% return. The company’s focus on power equipment and industrial automation has paid off handsomely.
4. Zen Technologies – 5,164% Return
A pioneer in defense training simulators and anti-drone systems, Zen Technologies has become a hot favorite amid rising defense budgets and government push for indigenization. The stock jumped from ₹27.45 in April 2020 to ₹1,445 in 2025, fueled by large defense orders and strong earnings.
5. Bombay Stock Exchange (BSE) – 5,480% Return
BSE Ltd, Asia’s oldest stock exchange, witnessed a stellar run post-COVID. With increased trading volumes, retail participation, and growth in its mutual fund platform (BSE StAR MF), the stock has zoomed from ₹99 to ₹5,524 — a 5,480% return.
🧮 Financial Ratio Table of Multibagger Stocks
| Stock | CMP (₹) | Return Since Apr 2020 | P/E Ratio | ROE (%) | Debt-to-Equity | Market Cap (Cr) |
|---|---|---|---|---|---|---|
| PG Electroplast (PGEL) | ₹877 | 30,246% | 75.2x | 29.4 | 0.32 | ₹5,300 |
| TRIL | ₹495 | 16,500% | 56.8x | 25.1 | 0.45 | ₹3,200 |
| CG Power | ₹581 | 10,367% | 42.5x | 31.7 | 0.27 | ₹45,000 |
| Zen Technologies | ₹1,445 | 5,164% | 89.4x | 34.8 | 0.10 | ₹17,000 |
| BSE | ₹5,524 | 5,480% | 38.7x | 35.2 | 0.00 | ₹25,000 |
Note: Financial ratios are approximate and based on latest available data.
🔍 What Drove These Stocks So High?
- Industry Tailwinds: PGEL and TRIL benefited from government-led reforms in electronics manufacturing and power infrastructure.
- Business Turnarounds: CG Power’s acquisition and restructuring triggered renewed investor confidence.
- Defense Spending: Zen Tech’s growth mirrors the surge in defense allocations and anti-drone tech demand.
- Capital Market Boom: BSE leveraged the bull market, new SIP inflows, and rising mutual fund transactions.
🧠 Key Takeaways
- Multibagger stocks often rise from lesser-known names during economic revivals.
- Fundamental strength, sectoral tailwinds, and management turnaround stories attract long-term investors.
- Returns like 30,000% are rare but not impossible in emerging markets like India.
❓Frequently Asked Questions (FAQs)
Q1. Which stock has given the highest return since the COVID-19 market crash?
A1. PG Electroplast has given the highest return — a massive 30,246% — rising from ₹2.89 in April 2020 to ₹877 in 2025.
Q2. What has driven Zen Technologies’ rise?
A2. Zen Technologies’ growth has been fueled by defense sector demand, especially in simulators and anti-drone systems, alongside government support for indigenous tech.
Q3. How did BSE Ltd become a multibagger?
A3. Increased retail trading, a booming mutual fund segment (via BSE StAR MF), and tech-driven growth have propelled BSE’s stock price from ₹99 to ₹5,524.
Q4. Are such high returns sustainable in the future?
A4. While past performance shows potential, such exponential returns are rare and depend on consistent earnings, favorable policies, and market trends.
Q5. Should investors buy these stocks now?
A5. Investors must analyze valuation, sector outlook, and risk appetite before investing in already-risen stocks. Past performance doesn’t guarantee future results.
If you’re looking to discover the next multibagger, focus on companies with scalable business models, low debt, and sectoral tailwinds. These five stocks remind us that patience, timing, and research can pay off — and how!
For more market insights, follow our news.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like MoneyControl, ET, NSE India.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.