Stocks of Bharat Bijlee Limited are trading in the green and are currently available for Rs 3,074, up 1 percent compared to the previous closing price of Rs 3,043.35. The scrip hit its 52-week high mark today at a price of Rs 3,145. In the last one-month period, the stock has gained about 12.7 percent ranging from Rs 2,727.55 to the current levels.
Keeping a purview of one year, the stock has been able to deliver multibagger returns of 106 percent. It means if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 2.06 Lakhs within a period of one year.
Ace Investor Mr. Ashish Kacholia has made investments in the stock and holds a 1.79 percent stake, equating to 1,01,350 equity shares, in the company. The holding value of the investment sums up to around Rs 31 crores.
Bharat Bijlee Limited company, last week, announced its Q4 as well as Annual results for FY222-23. Details of the same are mentioned later on in the report. Moreover, the company’s Board also recommended a Dividend of Rs 40 ( 400 percent of its Face Value of Rs 10 ). Payment of the same is subject to shareholder approval.
Bharat Bijlee Limited is a company based in India that is engaged in the Electrical Engineering industry. The main products of the company include electric motors, transformers, automation systems, etc. The company also undertakes turnkey projects.
Having a quick glance at the financials of the company, the operating revenues, as well as net profits, increased QoQ with the former moving from Rs 388 crores in Q3 to Rs 430 crores in Q4 and the latter, during the same time horizon, shifted from Rs 23 crores to Rs 27 crores.
Having a yearly comparison of the above-mentioned metrics, the company has been successful in increasing its operating revenues from Rs 1,266 crores during FY21-22 to Rs 1,419 crores in FY22-23. Moreover, the net profits improved from Rs 56 crores to Rs 83 crores.
According to the latest shareholding data available for the March quarter, Promoters of the company hold a 33.86 percent stake, and Foreign Institutional Investors (FIIs) hold a 0.88 percent stake in the company.
Written by Amit Madnani
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