New Delhi, Feb. 25 -- Investors chase returns - and that's what makes them euphoric about equities and multibagger stocks in particular. Sample this - if you had bought shares of TCPL Packaging Ltd worth Rs.10 lakh 16 years ago, your investment would now be worth nearly Rs.20 crore. A multi-bagger stock can be a wealth-creating machine, but identifying one is quite challenging.

While there is no certain formula to pick a multibagger, here are 5 key metrics that can help you spot potential ones.

1. Earnings growth: Consistent earnings growth is the first key indicator for a potential multibagger stock. Companies with a compounded annual earnings growth rate (CAGR) of 15-20 per cent in the last 3-5 years and scalable business models serve...