The share price of micro-cap gained 10 percent Rs 413.45 on Monday which is 52 weeks high after it acquired a 51 percent stake from a company. 

Exhicon Event Media Solutions Limited has acquired a 51 percent Equity Stake in Kokanbhumi Ventures Private Limited, Global Kokan Festival. Global Kokan Festival is India’s largest Kokan Exhibition, with over 500 exhibitors showcasing their businesses each year and a turnover of Rs 7,89,34,561/-. 

This acquisition represents the Company’s first step toward inorganic growth in the Exhibition Organizing sector and the value chain that encompasses the entire Kokan region. This fiscal year marks the 12th edition of the event, which is the largest platform created for the Kokan region. 

Following this acquisition, Kokanbhumi Ventures Private Limited will become a subsidiary of Exhicon Event Media Solutions. 

The company has reported its net revenue rose 61 percent year on year from Rs 29.31 crores in Q2FY23 to Rs 47.28 crores in Q2FY24. On a quarter-on-quarter basis, their revenue increased 60 percent from Rs 29.53 crore in Q1FY24 to current levels. 

In addition, net profit rose 57 percent year on year, from Rs 4.71 crores in Q2FY23 to Rs 7.41 crores in Q2FY24. On a sequential basis, their net profit rose by 66.8 percent from Rs 4.44 crores in Q1FY24 to current levels. 

The majority stake in Exhicon Event Media Solutions Limited is held by promoters at 62 percent, followed by public investors at 34.10 percent, and domestic institutional investors at 3.65 percent. 

Exhicon Event Media Solutions Limited is a small-cap company with a market capitalization of Rs 485 crores. It also has a return on equity (ROE) of 79 percent and a return on capital employed (ROCE) of 100.8 percent. 

Exhicon Event Media Solutions Limited Company’s share price has risen by 170 percent in the last six months and by 507 percent year to date. For example, if an investor had invested one lakh rupees in the year prior, it would now be worth six lakhs. 

Exhicon Events Media Solutions Limited provides a range of goods and services to the conference, events, and exhibition sectors. Media to integrated marketing solutions, temporary to permanent event infrastructure, and management to organizing are among the services provided by the company. 

Written by Sriram KV


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