The company’s shares closed on September 29 at Rs 443.10 per share, up from the previous close price of Rs 433.50, with a market capitalization of Rs 5,178 crores.
According to Bombay Stock Exchange data, the stock has delivered multibagger returns of about 44,210 percent over an 8-year period, spanning from Rs 1 in January 2015 to current stock price levels. It indicates that if an investor had invested Rs 1 lakh in the stock eight years ago, it would have gained to about Rs 4.42 crores.
Magellanic Cloud Limited provides IT services in software development, consulting, and human resource business solutions i.e. listing employment vacancies and referring or placing applicants for employment. It is present in Europe, the USA, and Asia.
The Company’s Net Profit has increased from 11.65 percent in FY22 to 17.33 percent in FY23, while the operating margin rose from 13.65 percent to 24.74 percent during the same period.
Over the years, the company had strong financial metrics, with a return on equity of 24.92 percent and a return on capital employed of 23.06 percent.
The company reported a 57 percent rise in net profit for the June quarter, to Rs 137 crore, compared to Rs 87 crore in the same period last year (Q1FY23). Furthermore, revenue jumped by 80 percent to Rs 18 crore from Rs 10 crore in the previous year.
The stock achieved a multibagger return of 128 percent in the preceding six months and a multibagger return of 451 percent in the previous year.
As per the latest shareholding pattern, The promoters hold a 58.64 percent stake in the company and retail investors hold a 41.35 percent stake.
Written by Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.