From a pittance to a billion! These 10 penny stocks delivered returns of up to 200,000%
Over the past five years, many penny stocks have delivered impressive returns to investors. Shares of companies in the defense, railway, renewable energy, and infrastructure sectors have risen from 20 rupees to hundreds of thousands of rupees, and their market caps have reached thousands of crores of rupees.
Penny stocks are considered the riskiest segment of the stock market. They have low liquidity, high volatility, and are often speculative. However, over the past five years, some small and overlooked stocks have delivered impressive returns to investors.
" "According to ETMarkets data, many stocks that were priced under ₹20 in May 2021 have now become companies worth between ₹3,000 crore and ₹12,000 crore. Sectors like defense, renewable energy, railways, and infrastructure have fueled the growth of these companies.
Diamond Power Infrastructure
In May 2021, this company's shares were trading at just 7 paise. Five years later, its price reached nearly 167 rupees, representing a jump of approximately 239,000%. During this period, the company's market cap increased from 18.9 crore rupees to 8,819 crore rupees.
Waaree Renewable Technologies
The stock, which was at ₹13.93 in May 2021, has now reached over ₹1,000. The company has delivered over 70-fold returns to investors. Due to the boom in the solar sector, its market value has increased from ₹145 crore to over ₹10,600 crore.
KPI Green Energy
KPI Green Energy's stock price rose from ₹6.72 to ₹455.85 in five years, a gain of nearly 6,700%. The company's market cap increased from ₹109 crore to nearly ₹9,000 crore.
Apollo Micro Systems
This defense electronics company, which was valued at ₹10.68 in 2021, rose to ₹308.30 in 2026. Investors received a return of nearly 29 times. The increase in domestic defense procurement has helped the company's market cap grow from ₹222 crore to over ₹11,000 crore.
Jupiter Wagons
This railway equipment manufacturer has grown from ₹16.65 to ₹296.70 in five years. The stock has delivered an 18-fold return. Rising spending on railway infrastructure has helped the company's market cap rise from ₹149 crore to ₹12,680 crore.
Avantel
Defense communications company Avantel's stock price, which was at ₹6.67 in May 2021, has now reached around ₹151.35. This means investors received a return of over 22 times. The company's market cap has increased from ₹171 crore to over ₹4,000 crore.
AGI Infra
Shares of Punjab-based real estate company AGI Infra rose from ₹7.16 to ₹367.10. Its market value increased from ₹87 crore to ₹4,589 crore. The company benefited from increased housing demand and faster project completions.
Transformers and Rectifiers India
This power equipment manufacturer has grown from ₹10.48 to ₹322.45 in five years. Transmission and power grid expansion has helped the company's market cap rise from ₹278 crore to ₹9,679 crore.
Lloyd's Engineering Works
In May 2021, this company's share price was just ₹1.45. Today, its price is around ₹59.66. This means investors received a return of more than 40 times. The company's market cap increased from ₹154 crore to ₹8,830 crore.
Knowledge Marine & Engineering Works
This marine infrastructure company has grown from ₹18.50 to ₹2,206.85 in five years. Its market cap has risen from ₹38 crore to ₹5,394 crore. Strong performance in port and dredging projects has significantly benefited the company.