During the trading session of Friday, the shares of this company hit a 5 percent upper circuit at Rs. 1,401.10 on BSE.
With a market capitalization of Rs. 14,187 crores, the shares of Bharat Global Developers Limited opened at Rs. 1,334.40, up by 5 percent, and hit the upper circuit, as against its previous closing price of Rs. 1,334.40.
Stock Performance
The stock has delivered multi-bagger returns of around 8,575.54 percent over a five-year period, spanning from Rs. 16.15 in March 2021 to the current stock price level of Rs. 1,401.10.
This indicates that if an investor had invested Rs. 10,000 in the stock five years ago, it would have gained to nearly Rs. 8.57 lakhs.
In the previous six months, the stock has delivered multi-bagger returns of nearly 557.33 percent, as well as around 5,513.38 percent returns in the past year. So far in 2024, the shares of Bharat Global Developers have given about 2,418.15 percent of multi-bagger returns.
Financials:
For Q2 FY25, Bharat Global Developers reported revenue from operations of Rs. 216 crores, from nil sales and there was 0.1 crore in other income in Q2FY24. On a QoQ basis, the revenue growth was 300 percent from Rs. 54 crores in Q1 FY25,
The company’s PAT for Q2 FY25 grew to a profit of Rs. 10 crores, representing a significant increase of around 3,06,251 percent from 33 lakh profit in Q2FY24 and on a QoQ basis from there was an increase of 298 percent from Rs. 2.53 crores in Q1 FY25,
Work Orders and Bonus Share issue:
The company recently received an order worth Rs. 251 crores secured by a wholly owned Dubai subsidiary. They received orders for processing and supplying high-value precious stones which include diamonds, rubies, emeralds, and sapphires to wholesalers and bespoke designer jewelry boutiques. These orders represent an addition to the subsidiary’s revenue pipeline which is expected to yield an approximate profit margin of 10-12 percent after successful order execution in the upcoming months.
They received orders from Reliance Industries worth Rs. 120 crores for Infrastructure Engineering and construction of a full-fledged high-capacity fluidized catalytic cracker.
They even received another order from McCain India Agro approximately worth Rs. 3 billion which involves the supply of 2,00,000 tonnes of Kufri Ashoka potatoes for a period of 6 months.
Bharat Global recently announced a Bonus Share issue for the 8:10 ratio which means for every 10 shares held by the shareholder 8 shares will be issued as a Bonus with a face value of Rs. 10 per share.
Shareholding Pattern:
As per the September 2024 shareholding pattern, most of the holdings are with the public which holds 100 percent of the company stake in Bharat Global Developers Limited.
About the company:
Bharat Global Developers Ltd, established in 1992, is a prominent player in facilitating global trade across diverse sectors, including textiles, agriculture, fertilizers, gemstones, and consumer goods. T
The company specializes in sourcing, importing, and exporting a wide array of products to meet international market demands.
Their business model focuses on leveraging strong supply chain networks and strategic partnerships to improve operational efficiency and expand market reach.
Written by Santhosh S
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