Shares of this microcap trading company rose by 1.92 percent after the company got an order from the Ministry of Electronics and Information Technology.
At 10:30, 13th October shares of SBC Exports Ltd were trading at Rs. 26.55 per share, up by 1.92 percent from previous closing price of Rs. 26.05.
Such bullish stock price movements were observed after the company through a regulatory filing Bombay stock exchange (BSE) announced that they have received a work order of Rs. 37,20,239 from the Ministry of Electronics and Information Technology. The work order is for providing Office Support, Project Management Support and Rollout Services.
Looking at the financials of the company, revenue increased by 27.62 percent to Rs. 52.86 crores in Q1FY24 from Rs. 67.59 crores in Q1FY23, in the same time period net profit almost doubled to Rs. 4.59 crores from 2.97 crores.
Talking about the financial ratios, the company reported return on equity (ROE) of 22.44 percent and return on capital employed (ROCE) of 23.84 percent in the last financial year.
Promoters of the company hold 65.69 percent stake and the public holds 31.15 percent stake in the company.
SBC Exports Limited is an India-based company. The Company is in the business of trading and manufacturing of garments, manpower supply services and tour operator services. Currently the company has 70 distributors in India and it receives an average of 75 new projects every year.
Written by: Vinit Israni
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