Case Study: How I Found a Multibagger Using NSE Screener
Introduction
Every investor dreams of finding a multibagger—a stock that delivers returns of 2x, 5x, or even 10x over time. While luck plays a role, data-driven screening increases your chances. In this real-life case study, I’ll show you exactly how I used NSE Screener filters to identify a stock that later delivered over 400% return in 2.5 years.
What Is a Multibagger?
A multibagger is a stock that multiplies your investment over time, often due to:
- Strong fundamentals
- Consistent earnings growth
- Industry leadership
- Attractive valuations
- Favorable market conditions
Finding such stocks early requires the right filters, patience, and conviction.
Step 1: Defining the Objective
Back in early 2021, I wanted to build a long-term equity portfolio focused on mid-cap companies with:
- Strong profitability
- Reasonable valuation
- Consistent growth
- Low debt
The goal was to hold for at least 3 years, ignoring short-term noise.
Step 2: The NSE Screener Filters I Used
I used Screener.in to apply the following logic:
cssCopyEditMarket Cap > 1,000
AND
PE < 20
AND
ROE > 18
AND
EPS > 10
AND
Debt to Equity < 0.5
AND
Sales growth > 12%
These filters helped eliminate risky, overvalued, or inconsistent businesses.
Step 3: Shortlisting the Stock
From the filtered list, one stock stood out:
Deepak Nitrite Ltd
- PE: 18
- ROE: 28%
- EPS: ₹40+
- Sales Growth: ~25% YoY
- Debt/Equity: 0.35
- Sector: Specialty Chemicals
- Market Cap: ~₹8,000 Cr (then)
It was a lesser-known stock at the time, with rising volumes and earnings.
Step 4: Manual Review and Validation
I didn’t stop at screener results. I checked:
- Quarterly results: Consistently strong EPS growth
- Annual reports: Clean management commentary
- Technical chart: Forming a strong base around ₹950
- Industry trend: Specialty chemical stocks were gaining tailwind
Step 5: The Outcome
Purchase:
- Entry Price: ₹950 (Jan 2021)
Exit:
- Exit Price: ₹4,100 (Jul 2023)
Return:
~332% gain in 2.5 years, excluding dividends.
While the stock still had room, I chose to book profits after tripling my capital.
Key Takeaways
| Lesson | Explanation |
|---|---|
| Screeners Save Time | They help reduce 1,500+ NSE stocks to a manageable list |
| Combine Filters | Use PE, ROE, and growth together—not in isolation |
| Always Validate | Screener picks must be verified through reports and charts |
| Patience Pays | The best stocks need time to compound |
FAQs
Can beginners find multibaggers using NSE Screener?
Yes, with discipline and proper research beyond filters.
How often should I screen for such opportunities?
Every 3–6 months. Multibaggers don’t show up every week.
Is a low PE necessary for multibaggers?
Not always. High-growth companies may command higher PEs. Focus on growth quality, not just numbers.
Conclusion
Finding a multibagger like Deepak Nitrite wasn’t luck—it was a process backed by filters, fundamentals, and patience. The NSE Screener can be your best starting point if you combine it with smart analysis.
Ready to start your own multibagger hunt? Check out our recommended NSE Screener strategies or build your own screen today.
