On Thursday, one of the leading microcap stocks received a purchase order under the Ministry of Labour and Employment worth Rs 2.9 crores.
According to the filing of SBC Exports Limited, the company has received a contract from the Employees Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment through GeM for the Hiring of Technical Resources.
The share price of SBC Exports Limited closed 1.12 percent negative to Rs 30.80 from its previous close of Rs 31.15 even though the company received a purchase order.
According to the SBC Exports Limited report, the net revenue decreased by 4.5 percent year over year, from Rs 36.9 crore in Q2FY23 to Rs 35.22 crore in Q2FY24. Their revenue fell by 33 percent sequentially from Rs 52.85 crore in Q1FY24 to the current levels.
In addition, the company’s net profit increased by 36.4 percent year over year, from Rs 1.59 crores in Q2FY23 to Rs 2.17 crores in Q2FY24. Their net profit increased by 52 percent on a sequential basis from Rs 4.59 crore in Q1FY24 to the current levels.
SBC Exports Ltd is a penny stock with a market capitalization of Rs 650 crores. The company’s promoters hold a 65.69 percent share in the company, 34.15 percent held by the general public, and the Foreign institutional investors hold 0.16 percent.
SBC Exports Ltd’s share price has risen by 45 percent in the six months and by 103 percent in the year to date. For instance, if an investor invested Rs 1 Lakh year to date the current value would be 2.03 Lakhs.
The company has a lower debt-to-equity ratio of 0.77, a return on equity of 22 percent, and a return on capital employed of 23 percent; it also has a good current ratio of 1.35.
SBC Exports Ltd was established in 2011. Its businesses include garment trading and manufacturing, manpower supply services, and tour operator services. Co. currently has 70 distributors in India and receives 75 new projects per year on average.
Written by Sriram KV
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