SBC Exports Ltd is a penny stock with a market capitalization of Rs 443 crores, Company is engaged in the Trading and Manufacturing of Garments, Manpower Supply & Tour Operator Services. Currently, the company has 70 distributors in India.
According to the company’s filings with the exchange, the Ministry of Electronics and Information Technology issued a work order for providing office support, project management support, and rollout services. The total purchase order of Rs 2,26,05,198 would be implemented. The company’s order book for the fiscal year 2023-2024 stands at Rs 34,46,63,248.
At 1:25 pm, the stock was trading at Rs 21.00 on the NSE, a piece from the previous close price of Rs 20.95.
Over a one-year period, the stock has provided multibagger returns of 285.32 percent to its stockholders, with a price from Rs 5.45 to current levels. If the investor invested Rs 1 lakh in the stock a year ago, their holdings would now be valued at 3.85 lakhs!
According to the SBC Exports Ltd company’s financials, their sales increased by 37 percent from ₹ 49 crores in Q3 to ₹ 67 crores in Q4. Similarly, the company’s net earnings for Q3 and Q4 have remained near ₹ 2 crores.
On a YoY comparison of the metrics, the revenues increased from ₹ 168 crores during FY 21-22 to ₹ 195 crores in FY 22-23. The PAT reported ₹ 3 crore in FY22 and ₹ 6 crore in FY23.
Profitability ratios have expanded in recent years. ROE increased from 13 percent in FY 21-22 to 19.47 percent in FY 22-23, while ROCE rose from 23.52 percent to 28.11 percent during the same period.
Company shares were trading at a price-to-earnings ratio (P/E) of 47.50, which is higher than the industry P/E of 21.82, indicating that the stock might be overvalued as compared to its peers.
As of FY23, the promoter held 65.81% of the company, while retail investors owned 34.19%.
Written By Omkar C
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