Listed below is one such stock under the ‘small-cap’ category that has delivered a whopping return of 12,000 percent to its shareholders within a period of just three years:
₹ 94 to ₹ 11,370: Multibagger green energy stock turns ₹ 10,000 to ₹ 12.10 Lakhs in just 3 years.
SG Mart Limited
With a market capitalization of Rs 6,341.61 crores, the stocks of SG Mart Limited closed their trading session on Friday hitting the 2 percent upper circuit at Rs 11,371. The company’s stock hit its new 52-week high price on Friday at the locked price.
As per the BSE data, the company’s stock has delivered a huge return of approximately 12,000 percent within a period of just three years. The stock price shifted from Rs 94 in January 2021 to the current stock price level prevailing in the market.
The same means that if someone had invested Rs 10,000 in the stock three years ago, it would have converted to Rs 12.10 lakhs
igging into the standalone financials of the company, the prime business indicators such as operating revenues and after-tax profits showed drastic movements during the recent quarter periods.
The former moved up from Rs 506 crores during Q2FY23-24 to Rs 748 crores during Q3FY23-24, and, the latter, keeping the timeframe the same, more than doubled from Rs 8 crores to Rs 17 crores.
The basic profitability metrics, due to underperformance on an annual basis, reported a dip in numbers with the return on equity (RoE) decreasing from 2.51 percent during FY21-22 to 1.61 percent during FY22-23. Moreover, the return on capital employed (RoCE) shifted down from 3.43 percent to 2.19 percent during the same time horizon.
The latest shareholding data, as per the September 2023 quarter, represents the company’s Promoters holding a 75 percent stake followed by the Public (retail) investors holding the remaining 25 percent stake in the company.
Founded in 1985, SG Mart Limited, formerly known as “Kintech Renewables Limited”, is engaged in the business of providing wind & solar energy solutions as well as the execution of various Engineering, Procurement and Construction (EPC) Projects.
The company has informed Indian stock market bourses about the proposal to consider and approve stock split and issuance of bonus shares. The multibagger stock of India informed Indian stock market exchanges about the proposal while sharing its board meeting update. The company board may declare a stock split and bonus shares today while discussing its Q3 results 2024.
SG Mart bonus share, stock split details
Informing Indian exchanges about the proposal, the multibagger stock said, “In compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to intimate you that a meeting of the Board of Directors of the Company will be held on Monday, January 8, 2024, to, inter alia, consider and approve the following items: (i) unaudited financial results of the Company for the quarter and nine months ended on December 31, 2023; (ii) the proposal for sub-division/split of Equity Shares of the Company having a face value of Rs. 10/- each in such manner as the Board may determine; and (iii) the proposal of issuance of Bonus shares to the equity shareholders of the Company.”
In the last one moth, SG Mart share price has ascended to the tune of 40 per cent whereas, in last six months, it has surged around 365 per cent. Likewise, in last one year, it has ascended nearly 2,300 per cent while in last five years, this multibagger stock has shot up from around ₹106 to ₹10,500 apiece levels, logging more than a 9,800 per cent rise in this time.
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