The shares of this micro-cap stock hit a 5 percent upper circuit of Rs 80.89 apiece after the company signed a Memorandum of Understanding with Boston Supplies Resources Pty. Ltd.
With a market capitalization of Rs 24.31 crore, the shares of NMS Resources Global Ltd were trading in green at Rs 80.89 per share, increased drastically by 5 percent as compared to the previous closing price of Rs 77.04 apiece.
Matter explained:-
Today the shares of the company jumped drastically after NMS Resources Global Ltd has signed a Memorandum of Understanding with M/s. Boston Supplies Resources Pty. Ltd, a company duly registered in Australia for sourcing Mines, Minerals, and real estate deals for Indian ventures and buyers.
Moreover, Boston Supplies Resources Pty. Ltd is under possession of various mines including an active mine of Nickel and chrysoprase (Known as Australian Imperial Jade). Further, the company has a good grip on the geographical area of Australia and possession of valuable information on prospected mines of Nickel, Gold, Lithium, Iron ore, chrome Coal, etc.
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Financial performance:-
Examining the company’s financial performance, revenue jumped by 79 percent from Rs 3.77 crore in Q4FY23 to Rs 6.76 in Q4FY24, however during the same period, net profit turned into a loss by 4000 percent from a profit of Rs 0.02 crore to a loss of Rs 0.78 crore.
The stock has given a multi-bagger return of 194 percent in the last 6 months and 271 percent in a year, if an individual invested Rs 1 lakh a year ago now it will be worth Rs 3.71 lakh.
Shareholding Pattern:
According to the most recent ownership pattern, Promoters own 49.93 percent of the company’s shares, with Retail Investors holding the remaining 50.07 percent.
Important Financial Ratios:
In terms of major financial measures, the firm recorded a Return on Equity (ROE) of 3.88 percent and a Return on Capital Employed (RoCE) of 5.53 percent for the fiscal year 23-24. Additionally, during the same era, the net profit margin was 1.34 percent.
Company Profile:
NMS Global Ltd was founded in 1986 and has its headquarters in Delhi. Previously, the company specialized in food processing and commodities supply, but it has since grown into other business areas such as contracting, pre-engineered buildings, skill development, financial consulting, and engineering services. Furthermore, it offers special supply and marketing teams to telecom operators.
Written by:- Abhishek Singh
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