The shares of the leading exporter of carpets gained up to 7 percent after the company received a new work order from RailTel Corporation Of India Limited worth Rs 11 crore.
SBC Exports Ltd has a market capitalization of Rs 931.43 crore, the shares were trading at Rs 29.34 apiece, increasing around 2.59 percent as compared to the previous closing price of Rs 28.60 apiece.
Reason for Rise:-
The company shares have seen positive movement after SBC Exports Ltd received a new work order from RailTel Corporation Of India Limited worth Rs 11 crore for the engagement of experienced Manpower Service Providers for providing manpower and related services. The order should be executed within one year.
Moreover, the company announced Q1FY25 results in which, revenue increased by 15 percent on a quarter-on-quarter basis from Rs. 49.61 crores in Q4FY24 to Rs. 57.06 crores in Q1FY25. Further, revenue fallen by 8 percent year on year from Rs 62.62 crores in Q1FY24 to Rs. 57.06 crores in Q1FY25.
SBC Exports Ltd’s net profit increased by 58 percent on a quarter-on-quarter basis from Rs 3.28 crores in Q4FY24 to Rs 5.20 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 13 percent from Rs. 4.58 crores in Q1FY24 to Rs.5.2 crores in Q1FY25.
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Ratio analysis:-
The company’s profitability measures show an incline in return on equity (RoE) from 19.67 percent in FY 21-22 to 21.29 percent in FY 23-24, while, during the same period return on capital employed (RoCE) decreased from 28.27 percent to 27.13 percent. In contrast, the net profit margin (NPM) was 4.51 percent in fiscal year 23-24.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoters of the company own 63.6 percent while Retail shareholders own a 36.39 percent stake in the company, and Foreign Institutional Investors own a 0.01 percent stake.
Company Profile:-
SBC Exports Limited is an Indian firm. The company trades and manufactures clothing, provides workforce supply services, and operates tour operators. The Company operates in three segments: garment manufacturing and trading, IT and manpower supply, and tour and travel operator.
Written by:- Abhishek Singh
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