National Standard (India) Limited shares have returned 22,479.68% in just four years, rising from Rs 21 to the current level of Rs 4,944 per share on BSE. This demonstrates the power of compounding that can be obtained through long-term investments.
If an investor would have invested Rs 1 lakh in the company in October 2019, the total value of their holdings would be Rs 2.26 Crores today.
The shares reached an all-time high of Rs 17,785 in November 2021. At that point, the total value of Rs 1 lakh would have been 8.12 Crore as the shares logged a return of 81,115%.
National Standard (India) Limited is engaged in the business of Real Estate Development. It is a part of the Lodha Group since May 2011.
In Q2FY23, the company reported a total revenue of Rs 3.49 crore, as against Rs 16 crore which they reported in the same period a year ago. In the previous quarter, their revenue stood at Rs 3.54 crores.
In the quarter under review, they reported a total net profit of Rs 77 Lakhs which declined from Rs 10.35 crores in Q2FY22. On a sequential basis, their profits stood at Rs 1.56 crores.
The company has a market capitalization of Rs 9,889 crores as on October 28th, 2022. The company also has zero debt on its balance sheet. The promoters of the company hold a 73.94 per cent stake with zero shares pledged.
Written by Anoushka Roy
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