Jindal Poly Investment & Finance Company Ltd Delivers Multibagger Returns Amid Robust Fundamentals

Stellar Performance Across Time Horizons

Over the last 12 months, Jindal Poly Investment & Finance Company Ltd has generated a remarkable return of 103.33%, dwarfing the Sensex’s modest 9.84% gain over the same period. The stock’s outperformance is not limited to the short term; it has consistently beaten the broader market across multiple time frames. For instance, its three-year return stands at an impressive 161.91%, compared to the Sensex’s 36.78%, while the five-year return is an extraordinary 3789.55%, vastly outperforming the Sensex’s 62.58%. Even over a decade, the stock has delivered a staggering 1660.85% gain versus the Sensex’s 252.83%.

Recent shorter-term metrics also highlight the stock’s strength. In the past week, Jindal Poly surged 14.30% against a 0.94% decline in the Sensex, and over the past month, it gained 35.74% while the Sensex slipped 0.15%. Year-to-date, the stock has appreciated 22.12%, contrasting with the Sensex’s 2.09% fall. The one-day performance on 18 Feb 2026 saw the stock rise 2.41%, even as the Sensex remained flat.

Fundamental Strength Underpinning the Rally

Jindal Poly’s exceptional price appreciation is firmly rooted in its strong operational performance. The company has demonstrated a compound annual growth rate (CAGR) of 102.99% in operating profits, signalling robust and sustainable earnings momentum. Net sales have expanded at an extraordinary annual rate of 297.88%, reflecting aggressive business growth and market penetration.

The December 2025 quarterly results were particularly outstanding, with net sales reaching a record ₹961.80 crore and PBDIT (Profit Before Depreciation, Interest and Taxes) hitting ₹961.70 crore. The operating profit margin to net sales ratio stood at an exceptional 99.99%, underscoring operational efficiency and strong cost control.

Return on equity (ROE) is a healthy 13.5%, indicating effective utilisation of shareholder capital. The stock trades at a price-to-book (P/B) ratio of 0.8, suggesting a fair valuation relative to its intrinsic worth. However, it is priced at a premium compared to its peers’ historical averages, reflecting investor confidence in its growth trajectory.

Valuation and Market Sentiment

Despite its micro-cap status with a market capitalisation of ₹1,330.86 crore, Jindal Poly’s price-to-earnings (P/E) ratio is a remarkably low 1.47, compared to the NBFC industry average of 22.32. This disparity highlights the stock’s undervaluation relative to sector peers, offering a compelling entry point for investors seeking value and growth.

The company’s PEG ratio is effectively zero, indicating that its earnings growth is outpacing its price appreciation, a rare and attractive characteristic for growth investors. Over the past year, profits have surged by 171.3%, further validating the stock’s strong fundamentals and justifying its upgraded MarketsMOJO grade from Hold to Strong Buy as of 2 February 2026, with a Mojo Score of 80.0.

Risks and Considerations

While the company’s performance is impressive, certain risks merit attention. Notably, domestic mutual funds hold no stake in Jindal Poly, which may reflect caution due to the company’s relatively small size or concerns about liquidity and research coverage. Mutual funds typically conduct in-depth on-the-ground analysis, and their absence could signal perceived risks or valuation uncertainties.

Additionally, as a micro-cap NBFC, the company may face challenges related to regulatory changes, credit risk, and market volatility. Investors should weigh these factors carefully against the stock’s growth potential and valuation metrics.

Outlook and Sustainability of Momentum

Jindal Poly’s sustained outperformance relative to the Sensex and its NBFC peers suggests that the company is well-positioned to maintain its growth trajectory. The combination of robust sales expansion, exceptional profit growth, and attractive valuation metrics provides a strong foundation for continued investor interest.

However, sustaining such rapid growth rates over the long term will require continued operational excellence, prudent risk management, and favourable market conditions. Investors should monitor quarterly earnings updates, regulatory developments, and sector trends closely to assess ongoing performance.

Given the company’s upgraded MarketsMOJO rating to Strong Buy and its impressive Mojo Score of 80.0, it remains a compelling candidate for investors seeking exposure to high-growth NBFCs with multibagger potential. The stock’s premium valuation relative to peers reflects market optimism but also warrants careful evaluation of entry points and risk tolerance.

Conclusion

Jindal Poly Investment & Finance Company Ltd has delivered extraordinary returns, outperforming the broader market by a wide margin and establishing itself as a multibagger stock in the NBFC sector. Its strong fundamentals, exceptional profit growth, and fair valuation underpin this performance, while the recent upgrade to a Strong Buy rating by MarketsMOJO reinforces its investment appeal.

While certain risks remain, particularly regarding institutional participation and market liquidity, the company’s growth story and operational metrics provide a solid basis for optimism. Investors looking for high-growth opportunities in the financial services space should consider Jindal Poly as a key contender, balancing its impressive track record with prudent risk assessment.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →