Multibagger Penny stock engaged in the trading and marketing of various lifestyle products, such as travel gear, home appliances and many more hit a 5 percent upper circuit in the day’s trade upon acquiring land for Rs. 29.53 Crores for setting up a new manufacturing facility.
With a market capitalization of Rs. 566 Crores, the shares of Swiss Military Consumer Goods Limited hit a 5 percent upper circuit at Rs. 28.84 from its previous day’s close price of Rs. 27.47. It has delivered multibagger returns of 107 percent in a year.
Swiss Military Consumer Goods Limited has entered into an Agreement to make a strategic acquisition of land and building with an approximate area of 1.21 acres and a built-up area of about 85,000 sq. feet, for Rs. 29.53 Crores.
The acquired land & building are earmarked for a new manufacturing facility for luggage and travel gear intended, to cater to both domestic and international markets. This will enhance its capability to meet growing demand expand its market footprint globally and significantly bolster its position in the competitive global travel gear market
The proposed manufacturing will be completed on or before December 31, 2024, with an investment of Rs. 56.50 Crores and a manufacturing capacity of 10 lakh pieces per year.
Swiss Military Products Limited is engaged in the trading and marketing of various lifestyle products, such as travel gear, home appliances, men’s innerwear, and loungewear verticals under the brand Swiss Military.
Swiss Military Products Limited has a presence across 180+ cities with 15+ manufacturing partners, 1,500+ SKUs, 1000+ dealers, 900+ Multi-brand outlets, and 15+ E-commerce portals marketing its products.
Its revenue from operations grew by 34.87 percent from Rs. 35.70 Crores in Q3FY23 to Rs. 48.15 Crores in Q3FY24, accompanied by profits of Rs. 1.38 Crores to Rs. 2.13 Crores.
It has reported a return on equity (ROE) of 12.5 percent, a return on capital employed (ROCE) of 14.6 percent, and a debt-to-equity ratio of 0.00.
Written by: Bharath K.S
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