During Thursday’s trading session, the shares of a company primarily involved in the business of infrastructure activities hit a 5 percent circuit at Rs. 903.4 on BSE, after the company’s AgriTech division secured an order worth Rs. 300 crores from McCain India Agro Private Limited.
With a market cap of Rs. 9,147.8 crores, the shares of Bharat Global Developers Limited opened in the green at Rs. 901, up by nearly 4.7 percent, as against its previous closing price of Rs. 860.4.
What’s the news:
According to the latest regulatory filings with the BSE, Bharat Global Developers Limited (BGDL) secured an Infrastructure Engineering order from Reliance Industries Limited.
This order is valued at Rs. 120 crores and involves the design, engineering, and construction of a Full-Fledged High Capacity Fluidised Catalytic Cracker (FCC) unit.
BGDL will utilise advanced modular construction techniques and space optimization strategies to maximise processing efficiency within a compact footprint, in line with Reliance’s requirement for capacity maximisation in a limited space.
The FCC unit will be designed to deliver optimal processing output while minimising energy consumption, thereby supporting high throughput rates and promoting sustainability.
This project will incorporate high-capacity heat exchangers and pressure control systems, capable of withstanding the demanding conditions of catalytic cracking, ensuring enhanced durability and operational safety.
Previous Order:
On 4th November, Bharat Global AgroTech Private Limited, the AgriTech Division of Bharat Global Developers Limited, secured its first major order from McCain India Agro Private Limited.
The order was valued at Rs. 300 crores and involved the supply of 2 lakh tonnes of freshly procured Kufri Ashoka potatoes over a period of six months, beginning in FY25.
Financials:
The company reported a significant growth in revenue from operations, experiencing a quarter-on-quarter increase of nearly 118.6 percent, rising from Rs. 24.7 crores in Q4 FY24 to Rs. 54 crores in Q1 FY25.
However, during the same period, the company’s net profit decreased marginally from Rs. 2.7 crores to Rs. 2.54 crores, representing a decline of around 7.4 percent QoQ.
Key Financial Ratios:
In terms of key financial metrics, Bharat Global Developers has a Return on Equity (RoE) of 6.56 percent and a return on capital employed (RoCE) of 8.55 percent. Additionally, the company’s debt-to-equity ratio stands at 0.04.
Stock Performance:
The stock has delivered multibagger returns of nearly 5,497.3 percent in one year, as well as around 504.5 percent returns in the last six months. So far in 2024, the shares of Bharat Global Developers have given multibagger returns of about 1,523.7 percent.
About the company:
Incorporated in 1992, Bharat Global Developers Limited, formerly known as Kkrrafton Developers Limited, is engaged in the business activities of Construction of buildings carried out on an own-account basis or on a fee or contract basis.
The company specialises in sourcing, importing, and exporting a wide range of products spanning industries such as textile, agriculture, consumer goods, and more.
Written by Shivani Singh
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