The shares of the leading exporters of De-oiled cakes gained up to 4 percent after the company announced a strategic investment of $3.60 million in its subsidiary company.
With a market capitalization of Rs 862.25 crore, the shares of Sakuma Exports Ltd were trading at Rs 27.51 per share, increasing around 2 percent as compared to the previous closing price of Rs 26.97 apiece.
According to the company filing, Sakuma Exports Ltd has announced its strategic investment of US$ 3.60 million totaling US$ 7.35 million in its wholly-owned, Sakuma Impex LTD, UK This investment aims to bolster the subsidiary’s operations in trading commodities across the World.
Moreover, Sakuma Impex LTD, UK, has already achieved an excellent order book of more than £5 million, thanks to its efficient supply chain and positive outlook. The firm is well-positioned for major expansion and expects to outperform its Indian equivalent in terms of profit margins.
Additionally, this investment reflects our commitment to expanding our presence in key international markets and maximizing value for our shareholders. We will continue to update you on further developments regarding this investment.
Looking into the company’s finances, Sakuma Exports Ltd’s revenue decreased by 4 percent from Rs 810.93 Crore in Q4FY23 to 779.07 Crore in Q4FY24. During the same period, net profits decreased by 9 percent from Rs 7.09 crore to Rs 6.45 crore.
The stock has delivered returns of 70.06 percent in the last six months and a multi-bagger return of 125.78 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.25 lakh in a year.
Sakuma Exports Limited is an India-based company, which is engaged in the trading of agricultural commodities and caters to both domestic, as well as international markets. The Company is primarily engaged in the exports and imports of commodities.
Written by:- Abhishek Singh
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