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Shares of the company grew by more than 170 per cent in the last one year.

The company recently released its quarterly and annual results for the year ended March 31, 2023, where it reported positive numbers. Investors should keep an eye on this micro-cap stock, which delivered a 60 per cent return in just 6 months, multibagger returns of 1,640 per cent in 2 years, and over 2,300 per cent in 3 years.

The stock is up by 90 per cent in just 1 year and generated multibagger returns of 200 per cent in 3 years.

According to the financials, the company have a market cap of over Rs 400 crore with a 3-year CAGR of 173 per cent. The company reported fantastic numbers in its quarterly results and annual results. The stock had a ROE of 24 per cent and a ROCE of 26 per cent.

Evans Electric Ltd has evolved into a brand name known throughout the country for specialising in Heavy Electro-Mechanical Repairs and services spanning every make, size and capacity of electrical machine since its incorporation shortly after India's independence.