Multibagger Event and Media solutions provider that has delivered 550 percent returns in just 9 months hit a 10 percent upper circuit upon acquisition of 76 percent stake in a company and managing rights of 2 golf courses.
The shares of Exhicon Events Media Solutions Limited hit a 10 percent upper circuit at Rs. 440, from its previous day’s close price of Rs. 400 and its market capitalization is Rs. 522 Crores. It has delivered multibagger returns of 555 percent returns since its listing in April 2023.
Exhicon Events Media Solutions Limited has signed a Memorandum of Understanding with Pinewoods Golf Club LLP for acquisition of 76 percent stake in Pinewoods Golf Club LLP
This acquisition includes management rights to manage two expansive golf courses, covering a total of 73 acres and a 28 acres in Pune Mumbai. This strategic move will position it as a key player in the Golf Tourism Industry facilitating the Corporate Golf, Sports Events, Live Events, Corporate Branding, and unique experiences such as “Movies Under the Sky” to golf enthusiasts and corporate clients.
The company’s revenue grew 26.95 percent from Rs. 46.35 Crores in FY22 to Rs. 58.84 Crores in FY23, accompanied by increasing profits of Rs. 4.31 Crore to Rs. 9.16 Crore.
It has reported a return on equity (ROE) of 79.41 percent and a return on capital employed (ROCE) of 100.83 percent, it is making very good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 62.25 percent stake, the Domestic Institutional Investors hold 3.65 percent and the Foreign Institutional Investors (FII) hold 0.00 percent.
Exhicon Events Media Solutions Limited is the only organisation in Asia that serves with the full array of products and services for TradeFairs and Events Sector, from Media to Integrated Marketing Solutions, From Temporary to Permanent Event Infrastructure from Management to Organising.
Written by: Bharath K.S
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