3 fast-growing mid caps that gave 100%+ returns in last 1 yr

Imagine doubling your money in just 12 months. Sounds too good to be true until it isn’t. We found three mid-cap multibaggers that have not only delivered over 100 per cent returns in the last one year, but they also bring with them a solid growth track record.

These companies scored 7 or above on Growth and Quality Scores, part of our Stock Ratings, that signify healthy earnings momentum and fundamentals.

Here are the three outperformers:

3) Zen Technologies

The company designs, develops and manufactures combat training solutions and counter-drone solutions for the Indian defence forces. It is the largest supplier of simulation training equipment and anti-drone systems in India. As of March 31, 2025, its total order book was worth Rs 692 crore, with 73 per cent of the orders coming from training simulators and the rest from anti-drone systems. For Q4 FY25, Zen earned around 77 per cent of revenue from exports and around 19 per cent from domestic operations.

2) Nava

Originally a manufacturer of ferro alloys, Nava has expanded into energy, mining and agribusiness sectors and has a strong overseas presence, especially in Africa. It earned around 52 per cent of its FY24 revenue from Zambia, where it operates the country’s largest coal mine. It is also a leading manufacturer of ferro silicon, manganese and silico alloys in India, with a ferro alloy capacity of 175,000 tonnes (per annum).

1) Authum Investment & Infrastructure

Authum Investment has transformed from a proprietary investment banking firm into a diversified financial services provider. Following the acquisition of Reliance Commercial Finance and the business assets of Reliance Home Finance, Authum scaled its lending operations. In FY24, the company achieved a 50:50 revenue split between its investment and credit/lending businesses.

Its investment segment mainly deals in long-term equity investments in both listed and unlisted entities, with a significant portion of its portfolio invested in over 10 listed companies. The typical holding period ranges from three to five years. As of March 31, 2025, its investment portfolio was worth Rs 12,641 crore. The lending segment focuses on secured loans (like property/asset-backed loans), microfinance, and infrastructure financing.

Scoring high on both growth and quality

These mid caps prove that solid growth and market favour often go hand in hand. Want to shortlist more such multibaggers across other market categories? Explore Value Research Stock Screener and find the combination of growth, quality, valuation and momentum you are looking for.

Also read: 5 mid caps that combine steady growth and solid dividends