Share of small-cap stock has proven to deliver multi-bagger returns of over 17,500 percent returns during a long-term period of three years.
On Friday’s session, the small-cap stock rose 2 percent and hit its 52-week high of Rs 494.9 per share from the previous close of Rs 485.65 with a market capitalization of Rs 2,660 crores.
Sg Finserve Ltd has given multi-bagger returns of approximately 17,500 percent over three years ranging from Rs 2.30 in December 2020 to the current stock price levels of Rs 493.
For example, if an investor invested Rs 10,000 three years ago the current value of the investment would be 17.6 Lakhs.
According to the Sg Finserve Ltd report, the net revenue increased by 4300 percent year over year, from Rs 1 crore in Q2FY23 to Rs 44 crore in Q2FY24. Their revenue rose by 25 percent sequentially from Rs 35 crore in Q1FY24 to the current levels.
In addition, the company’s net profit rose by 1600 percent year over year, from Rs 1 crore in Q2FY23 to Rs 17 crore in Q2FY24. Their profit decreased by 6.2 percent on a sequential basis from Rs 16 crore in Q1FY24 to the current levels.
The price-to-earnings ratio of 51 is lower than the industry average, as is the debt-to-equity ratio of 0.95. The company’s promoters own 48 percent, the general public owns 51.2 percent, foreign institutional investors own 0.1 percent, and domestic institutional investors own 0.7 percent.
SG Finserve formerly known as Moongipa Securities Ltd, founded in 1994, engages in Investing Activities, Investment Research, Investment Banking, and Wealth Management. The company is an NBFC that offers brokerage, distribution, investment research, online trading, wealth management, investment banking, and insurance.
Written by Sriram KV
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