Smallcap stock engaged in the business activities of Construction and development of real estate projects hit a 5 percent upper circuit in the day’s trade following the company’s board to consider bonus issues, stock split, issuing interim dividend, and many more
Price Action
With a market capitalization of Rs. 10,588 Crores, the shares of Bharat Global Developers Limited hit a 5 percent upper circuit in the day’s trade at Rs. 1,045.70 per equity share, from its previous day’s close price of Rs. 995.95.
What Happened
The board of directors of Bharat Global Developers Limited are scheduled to meet on November 18, 2024, to consider and approve issuing bonus shares, sub-division of equity shares, declaring interim dividends, and other general corporate actions.
The bonus issue is proposed in the ratio of 10:8 where 10 equity shares will be issued for every 8 equity shares held in the company and the sub-division /split of equity shares is proposed in the ratio of 1:10 where one equity share with a face value of Rs. 1 will be split into 10 equity shares with a face value of Rs. 1.
Recent Work Orders
Bharat Global Developers Limited has recently received a work order worth Rs. 120 Crores from Reliance Industries Limited for the design, engineering, and construction of a Full-Fledged High Capacity Fluidised Catalytic Cracker (FCC) unit.
Bharat Global Developers Limited’s AgriTech Division received a major work order worth Rs. 300 Crores from McCain India Agro Pvt Ltd. for the supply of 2 Lakh tonnes of Kufri Ashoka potatoes over a period of six months,
About the Company
Bharat Global Developers Limited is engaged in the business activities of Construction and development of real estate projects on the own-account basis or on a fee or contract basis. It specialises in sourcing, importing, and exporting a wide range of products spanning industries such as textile, agriculture, consumer goods, and more
Financials & Ratios
Its Revenue from operations grew by 119 percent QoQ from Rs. 24.71 Crores in Q4FY24 to Rs. 54.05 Crores in Q1FY25, accompanied by profits of Rs. 2.69 Crores to Rs. 2.54 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 6.56 percent and a return on capital employed (ROCE) of 8.55 percent. It has reported a debt-to-equity ratio of 0.04.
Written by: Bharath K.S
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