r/IndiaStocks

which are the 3 shares that you belive will become mutibagger in future

For me

1.vintage coffee and beverages

2.anlon healthcare

3. Moneyview

Cupid, a condom maker from Nashik, went from about ₹12 a share in March 2025 to ₹366 in October 2026. Profit rose from ₹41 crore to ₹108 crore in one year, margins jumped, and the company kept raising its targets. Today the share costs about 360 times its last year's profit, so most of the good news is already in the price. We looked for smaller companies showing the same early signs. The first is Vintage Coffee and Beverages, a Hyderabad maker of instant coffee for export. Sales have grown about 4 times in two years, a new plant is being built, and the share costs about 32 times profit. But its cash flow is weak, debt is rising, and it works on thin margins. This is a company to study, not a sure bet.

How Cupid went from ₹12 to ₹366 In March 2025 Cupid's share traded around ₹12 (adjusted for its later 4-for-1 bonus issue). By 8 October 2026 it closed at ₹366, about 30 times higher. The company is now valued at about ₹49,000 crore.

Cupid makes male and female condoms, lubricants and rapid test kits in Nashik, and has recently added deodorants, perfumes, hair oil and other everyday products. About 60% of its sales are exports to more than 125 countries, many through UN agencies and government health programmes.

Why it exploded Profits really grew. Sales nearly doubled from ₹184 crore in 2024-25 to ₹358 crore in 2025-26, and profit rose from ₹41 crore to ₹108 crore. In April-June 2026 sales were ₹155 crore and profit ₹44 crore, about three times a year earlier.

Margins widened. The share of sales left as operating profit rose from about 25% to 39% in under two years, so each extra rupee of sales brought in more profit.

Big, visible orders. In November 2025 Cupid won the largest share of South Africa's five-year condom tender, worth about ₹115 crore a year. It also announced a ₹100 crore export order book and European approval for its test kits.

Targets raised again and again. The 2026-27 sales target went from ₹600 crore to ₹660 crore, then ₹725-750 crore, then ₹800 crore. Each upgrade brought new buyers.

Stock market triggers. A 4-for-1 bonus issue made the share look cheap, promoters cut pledged shares from 36% to 20%, and the share was moved to BSE Group A and added to the Nifty Smallcap 250 index. Nearly 3 lakh small shareholders now own it.

Where Cupid stands now At ₹366 the share costs about 360 times last year's profit, and about 200 times the ₹250 crore profit the company hopes to make in 2026-27. Any slip could hurt the share badly.

There are warning signs. In 2025-26 the business brought in only ₹46 crore of cash against ₹108 crore of profit. The company has also committed ₹332 crore to buy into Style Baazar, a clothing retail chain, and is investing in a Saudi healthcare fund, both far from its core business.

What we looked for Cupid's run began when it was small, cheap and growing fast. So we looked for companies with: sales and profit growing more than 35% a year; a good return on shareholders' money; modest debt; a market value under about ₹5,000 crore; and a share price that has not already gone up many times.

We found a short list. We will cover them one by one. The first is Vintage Coffee and Beverages.

Vintage Coffee: what it does Vintage Coffee and Beverages makes instant coffee at plants in Telangana and sells it, mostly abroad, to coffee brands that put their own name on it. About 90% of customers are brand owners. Its main markets are West Africa (about 30%), Russia and nearby countries (22%), Southeast Asia (20%), Central America (15%) and Europe (10%).

The share closed at about ₹173 on 8 October 2026, giving a market value of about ₹2,500 crore.

The growth so far Sales rose from ₹131 crore in 2023-24 to ₹309 crore in 2024-25 and ₹553 crore in 2025-26. Profit went from ₹12 crore to ₹40 crore to ₹72 crore.

In April-June 2026 sales were ₹161 crore, up 58%, and profit ₹21 crore, up 46%. That was a little below the January-March quarter, which the company says is normal because summer is its slow season.

The share has risen only about 10% in the past year, while profit nearly doubled. At about 32 times last year's profit it is far cheaper than Cupid, which costs about 360 times.

What could drive the next leg More capacity. A new line started in March 2026, raising capacity from 6,500 to 11,000 tonnes a year. The company says the new line ran at 90-95% in its first quarter and that customers have committed to buy its full output for 2026-27.

A higher-value product. It is building a 5,500 tonne freeze-dried coffee plant in Telangana, costing about ₹550 crore, with production expected from mid-2027. Freeze-dried coffee sells for more, and the company says buyers have signed letters of intent for 70-80% of the output.

Better margins. Management hopes operating margins can rise to 23-24% within about two years, from about 18% in 2025-26. It has also started selling roasted and ground coffee for the US and European markets.

The risks Weak cash flow. In 2025-26 the business brought in only ₹15 crore of cash against ₹72 crore of profit, and spending on plants pushed free cash flow to about minus ₹142 crore. This is the biggest gap with a strong company.

More debt and more shares. Debt was about ₹124 crore in March 2026, and the company has said it expects about ₹400 crore by 2027-28 for the new plant. It raised about ₹216 crore by selling new shares in 2025 and plans more warrants for promoters at ₹164.

Thin, commodity margins. Prices are set every quarter on a cost-plus basis, so a part of the sales growth simply reflects higher coffee bean prices. If coffee prices fall, sales will look weaker even if volumes hold.

Governance points to watch. In September 2026 the board proposed raising the managing director's pay to ₹30 lakh a month plus 3.5% of profit, changed the auditor, and changed how the money from the 2025 share sale will be used.

Our verdict Vintage Coffee shares some of Cupid's early signs: a small company, fast real growth, new capacity and a share price that has not yet run up. But it is a lower-margin business that needs a lot of money to grow, and its cash flow has not caught up with its profit.

If the freeze-dried plant starts on time and margins improve, the numbers could grow a lot. If not, the new debt and shares will weigh on it. Past returns like Cupid's are rare, and no one can promise them.

What to watch: cash from operations, the freeze-dried plant's progress in 2027, and margins once coffee prices settle.

More gems coming Vintage Coffee is the first name on our list. In the coming posts we will look at other small companies that show similar early signs of real growth, one at a time. Watch this space.

For information only, not investment advice.

This report was produced entirely by AI. Using the same AI research platform accessible on stocktracker.co.in.

I am currently holding 1000 quantity of Saianand Commercial bought at 0.49 rupees in Dec 2023 and as of today Oct 2026 it's Market price is at 0.20 rupees.

Should I hold it or not?

Can someone help