With a market capitalization of ₹ 2547 crores, SG Finserv (formerly Moongipa Securities Ltd) is engaged in the business of investing activities, investment research, investment banking and wealth management. 

The company’s share price increased from ₹ 65.75 to ₹ 647.85 in the past year, delivering multibagger returns of 885.32 percent. Therefore, if an investor had invested ₹ 1,00,000 in the company’s shares a year ago, the value of their holdings would have been ₹ 985,323 today! 

In the past three years, the company’s share price rose from ₹ 2.70 apiece to ₹ 647.85 percent, delivering multibagger returns of a massive 23894.44 percent. Therefore, if an investor had invested ₹ 1,00,000 in the company’s shares three years ago, the value of their holdings would have been ₹ 2,39,94,000 today! 

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SG Finserv’s shares have been hitting the 5 percent upper circuit for the past two sessions. It recently informed the exchanges that it will be selling a 26 percent stake or 1,07,30,980 shares to acquirers Rahul Gupta and Rohan Gupta, along with Sudesh Business Ventures (PAC). 

The company recorded a net profit of ₹ 14.05 crores in the January to March quarter of 2023 (Q4FY23), against a loss of 0.69 crores in the corresponding quarter of the previous year (Q4FY22). Its revenue came in at ₹ 27.53 crores in Q4FY23, indicating an increase of a massive 10912.00 percent as compared to ₹ 0.25 crores in the previous year. This was mainly due to a sharp increase in interest income. 

For the entire year (FY23), the company reported a net profit of ₹ 18.41 crores, up 12850.00 percent as compared to ₹ 0.32 crores reported in the previous year (FY22). It posted a net profit of ₹ 18.41 crores in FY23, up 2260.26 percent as compared to ₹ 0.78 crores in the FY22. 

SG Finserv has a low return on equity of 6.33 percent. However, it has an EPS (earnings per share of ₹ 42.74. The company’s promoters hold a 50.88 percent stake in it and retail investors hold the remaining 49.12 percent. 

Written by Simran Bafna 


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