From ₹19 to ₹299, this stock soars 1475% in 5 years; Ventura sees another 53% upside
Multibagger stock Wanbury has emerged as one of the most astonishing success stories on Dalal Street, transforming itself from an obscure penny stock into a headline-maker in five years. From trading at just ₹ 19 in June 2020, the stock has surged more than 1,475 percent to hover around ₹ 299.35 in recent sessions. This translates to a remarkable ₹ 1 lakh investment growing to over ₹ 15.75 lakh.
Over the past year alone, Wanbury has rallied nearly 93 percent, delivering impressive returns to investors in a staggered but consistent manner. The multibagger stock has climbed 4 percent in June so far, following a 25.5 percent gain in May, a 1 percent rise in April, and an eye-catching 37 percent surge in March. Despite facing setbacks earlier this year—dropping 25 percent in January and 21 percent in February—Wanbury has bounced back strongly, showcasing persistent buying interest.
The stock hit its 52-week high of ₹ 330 last month and its 52-week low of ₹ 151.10 in July 2024. From its Covid-era lows of ₹ 18 per share, the stock has multiplied nearly 1,565 percent — cementing its multibagger credentials.
Domestic brokerage Ventura Securities has initiated coverage on Wanbury Ltd with a bullish 'buy' rating, setting a price target of ₹ 458 over the next 24 months. With the stock currently around ₹ 299.35, this target implies a potential upside of 53 percent. Ventura sees robust earnings potential, backed by strong growth in both its API and branded formulations segments.
According to the brokerage, Wanbury's revenue is projected to grow at a CAGR of 20 percent from FY25 to FY28, reaching ₹ 1,046 crore. EBITDA and net profit are expected to post even sharper growth at 33 percent and 51 percent CAGR, respectively. By FY28, the company's EBITDA is expected to touch ₹ 177 crore, with net profit at ₹ 104 crore. Margins, too, are set to expand — EBITDA margin is seen improving by 310 basis points to 15.5 percent, while net margin may increase by 290 basis points to 10 percent.
As per the brokerage, Wanbury's strength lies in its leadership in Active Pharmaceutical Ingredients (APIs), with a global market share of 10 percent in Metformin and 30 percent in Sertraline. The API division, which largely caters to export markets, is expected to grow at a 16 percent CAGR, reaching ₹ 819 crore by FY28.
Its domestic branded formulations business is growing at an even faster clip. Focused on high-margin chronic therapies, this segment is projected to expand at a 47 percent CAGR to ₹ 227 crore by FY28, driven by new product launches and broader customer outreach, it further stated.
The company is also recovering from past setbacks, particularly its troubled Spanish formulations venture. A return to profitability in FY24 and positive net worth indicate a successful turnaround. Ventura attributes Wanbury's revival to operational efficiencies and strategic debt refinancing.
Looking ahead, Ventura pointed out that the company has allocated ₹ 165 crore for a brownfield expansion at its Tanuku plant, expected to be implemented between FY26 and FY28. This aligns with its strategy of maintaining an asset-light model while scaling up production capabilities.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 hours ago
- Time of India
Spain's BNB bust: Why Indian tourists are ditching tapas for Taj Mahal tours
During her spring break, an Indian MBA student enrolled in a top Spanish business school had planned to explore the Basque countryside, a quiet getaway after months of rigorous coursework. But just days before the trip, her charming bed and breakfast in San Sebastián got abruptly cancelled. With prices for alternative accommodations skyrocketing and options limited, she stayed back in Madrid and settled for local sightseeing. As Spain grapples with protests against mass tourism, anecdotes like this one are coming up frequently this year. The Spanish government recently ordered Airbnb to take down more than 66,000 rental listings that failed to comply with regulations, particularly those that didn't clarify ownership, while a Madrid court called for the immediate removal of 5,000 such listings. These moves follow mounting protests across major cities like Barcelona and Seville where locals say tourism is pricing them out of housing. That tension is now echoing back to India's outbound travel industry, with data indicating a noticeable shift away from Spain, particularly among value-conscious and mid-range Indian travellers. According to the latest data from Turespaña, Spain's national tourism board, more than 226,000 Indian tourists visited the country in 2024, growing over 60% from 2022. The increasing negative sentiment and hostility towards tourism may now weigh on the growth, say travel industry insiders. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo 'Spain has always been a favourite for Indian travellers, but over the past year, we've seen a noticeable shift,' said Tavleen Bhatia, chief marketing and revenue officer at travel services company Cleartrip. 'This year, pre-monsoon season, bookings to Spain dipped by 32%.' 'Lot of Planning Needed Now' Indian travellers are broadening their European bucket list and are increasingly turning to destinations like Georgia, Romania, Serbia and Sweden for their rich culture and more affordable experiences, Bhatia said. Live Events Other factors may also be affecting the shift in traveller intent. 'The numbers this year have been a bit muted. That can be attributed to multiple factors, like changing preferences or less disposable income to spend,' said Rajiv Mehra, general secretary of the Federation of Associations in Indian Tourism and Hospitality. He also explained the hostility faced by tourists in Spain. 'Accommodation has become an issue of prioritising locals over tourists. Locals view tourists as the prime cause of increased rentals, and they find it unaffordable. The whole issue sprang from there. Tourists avoid those destinations where they feel unwelcome by the locals.' The lack of affordable accommodation options is also being felt. Hari Ganapathy, co-founder of customised tour package provider Pickyourtrail, said: 'A holiday in Spain now requires much earlier planning, primarily due to the limited availability of accommodations, which has become a more prominent issue recently.' The well-heeled, however, are still finding their way to the Iberian Peninsula with enthusiasm. According to SOTC Travel president SD Nandakumar, even with a 7-10% increase in tour pricing this year, 'Spain continues to witness strong interest from our customers.' The average 9N/10D itinerary is now priced around `2.9 lakh per person. Travellers are booking personalised holidays that include winery tours in La Rioja and Ribera del Duero, football stadium visits in Madrid and Barcelona, and nightlife experiences in Ibiza. There has also been a shift in where and how people travel. 'There's a clear uptick in demand for boutique hotels, luxury villas and heritage stays, reflecting the intent to slow down and explore more deeply,' he said. At Thomas Cook (India), per-person spends for Spain range from 2 lakh to 3 lakh, often with bookings in 4- to 5-star hotels or even luxury resorts. Rajeev Kale, president, Thomas Cook (India), said, 'Interestingly, we are witnessing shorter booking windows — approximately 1.5-2 months in advance, aligning with faster visa processing times.' According to Kale, emerging locales like Málaga and Costa del Sol in Andalusia, Ronda and Segovia are gaining traction.
Economic Times
3 hours ago
- Economic Times
Spain's BNB bust: Why Indian tourists are ditching tapas for Taj Mahal tours
'Lot of Planning Needed Now' Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel During her spring break, an Indian MBA student enrolled in a top Spanish business school had planned to explore the Basque countryside, a quiet getaway after months of rigorous coursework. But just days before the trip, her charming bed and breakfast in San Sebastián got abruptly cancelled. With prices for alternative accommodations skyrocketing and options limited, she stayed back in Madrid and settled for local Spain grapples with protests against mass tourism, anecdotes like this one are coming up frequently this year. The Spanish government recently ordered Airbnb to take down more than 66,000 rental listings that failed to comply with regulations, particularly those that didn't clarify ownership, while a Madrid court called for the immediate removal of 5,000 such listings. These moves follow mounting protests across major cities like Barcelona and Seville where locals say tourism is pricing them out of tension is now echoing back to India's outbound travel industry, with data indicating a noticeable shift away from Spain, particularly among value-conscious and mid-range Indian travellers. According to the latest data from Turespaña, Spain's national tourism board, more than 226,000 Indian tourists visited the country in 2024, growing over 60% from 2022. The increasing negative sentiment and hostility towards tourism may now weigh on the growth, say travel industry insiders.'Spain has always been a favourite for Indian travellers, but over the past year, we've seen a noticeable shift,' said Tavleen Bhatia, chief marketing and revenue officer at travel services company Cleartrip. 'This year, pre-monsoon season, bookings to Spain dipped by 32%.'Indian travellers are broadening their European bucket list and are increasingly turning to destinations like Georgia, Romania, Serbia and Sweden for their rich culture and more affordable experiences, Bhatia factors may also be affecting the shift in traveller intent. 'The numbers this year have been a bit muted. That can be attributed to multiple factors, like changing preferences or less disposable income to spend,' said Rajiv Mehra, general secretary of the Federation of Associations in Indian Tourism and also explained the hostility faced by tourists in Spain. 'Accommodation has become an issue of prioritising locals over tourists. Locals view tourists as the prime cause of increased rentals, and they find it unaffordable. The whole issue sprang from there. Tourists avoid those destinations where they feel unwelcome by the locals.'The lack of affordable accommodation options is also being felt. Hari Ganapathy, co-founder of customised tour package provider Pickyourtrail, said: 'A holiday in Spain now requires much earlier planning, primarily due to the limited availability of accommodations, which has become a more prominent issue recently.'The well-heeled, however, are still finding their way to the Iberian Peninsula with enthusiasm. According to SOTC Travel president SD Nandakumar, even with a 7-10% increase in tour pricing this year, 'Spain continues to witness strong interest from our customers.'The average 9N/10D itinerary is now priced around `2.9 lakh per person. Travellers are booking personalised holidays that include winery tours in La Rioja and Ribera del Duero, football stadium visits in Madrid and Barcelona, and nightlife experiences in Ibiza. There has also been a shift in where and how people travel.'There's a clear uptick in demand for boutique hotels, luxury villas and heritage stays, reflecting the intent to slow down and explore more deeply,' he Thomas Cook (India), per-person spends for Spain range from 2 lakh to 3 lakh, often with bookings in 4- to 5-star hotels or even luxury resorts. Rajeev Kale, president, Thomas Cook (India), said, 'Interestingly, we are witnessing shorter booking windows — approximately 1.5-2 months in advance, aligning with faster visa processing times.'According to Kale, emerging locales like Málaga and Costa del Sol in Andalusia, Ronda and Segovia are gaining traction.
Time of India
8 hours ago
- Time of India
Tour operator told to refund elderly couple for cancelled tour in Covid times
Ahmedabad: A consumer commission here has ordered a tour operator to refund the full amount with interest, along with Rs 55,000 compensation, to an elderly couple whose tours to Japan and Europe could not take place due to the Covid-19 pandemic. Tired of too many ads? go ad free now The couple was reluctant to go to the UK, Ireland, and Scotland upon the operator's insistence three years later. This case involved Asha and Yogesh Doshi, residents of the Ambawadi area, who paid Rs 5.30 lakh in 2019 to Mumbai-based Neem Holidays Pvt Ltd for two tours — Japan and Europe in 2020. Due to the Covid pandemic, the tours were cancelled. When normalcy returned, they requested the same tour package, but the operator could not arrange it. Considering that people were still reeling under financial stress due to Covid, the couple did not demand their money back. In 2022, the tour operator offered them a 13-day package for Australia. They agreed and paid Rs 10,000 extra, but this did not take place. A year later, the operator offered the couple a tour to the United Kingdom. The couple refused this trip, yet their tickets were booked. They requested the company not to force them to accept this package tour and demanded their money back. As the operator did not respond, the couple sued it with the District Consumer Dispute Redressal Commission, Ahmedabad City to get the refund. The operator's lawyer appeared, but the reply was not filed. The commission said that since the money was lying with the operator, the complainants did not have any choice but to agree to the unreasonable request. However, compelling them for another tour against their wish was harassment. Tired of too many ads? go ad free now "The complainant's money has been wrongfully withheld by the opponent, and therefore the complainants are entitled to receive the full money of the package tour from the opponent," it said. The commission ordered the operator to return Rs 5.40 lakh with 8% interest, along with Rs 55,000 extra towards compensation for causing "physical harassment and mental agony" and towards the expenditure the couple incurred on litigation.
