The shares of this leading manufacturer of handmade carpets and readymade garments gained up to 2 percent after the company received a new work order Ministry of Electronics and Information Technology worth Rs 42.72 lakhs.
With a market capitalization of Rs 840.32 crore, the shares of SBC Exports Ltd were trading at Rs 26.60 per share, increasing around 0.04 percent as compared to the previous closing price of Rs 26.59 apiece.
According to the company filing, SBC Exports Ltd has received a work order for providing Office Support, Project Management Support, and Rollout Services has been awarded by the Ministry of Electronics and Information Technology through NICSI, New Delhi worth Rs 42.72 lakhs. The order is to be executed within 10 months.
Looking into SBC Exports’s performance, revenue increased by 0.14 percent from Rs 47.74 crore in Q3 FY23 to Rs 47.81 crore in Q3 FY24. During the same period, net profit increased by 21 percent, from Rs 2.33 crore to Rs 2.84 crore.
The company’s profitability measures show an incline in return on equity (RoE) from 13.09 percent in FY 21-22 to 19.67 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from 23.64 percent to 28.27 percent. In contrast, the net profit margin (NPM) was 3.52 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, the Promoters of the company own 64.71 percent while Retail shareholders own a 35.28 percent stake in the company, and Foreign Institutional Investors own a 0.01 percent stake.
SBC Exports Ltd. was formed in 2011. It trades and manufactures garments, provides manpower supply services, and operates tour operators. Currently, the company has 70 distributors in India and gets an average of 75 new projects annually. Mr Govindji Gupta is the company’s managing director.
Written by:- Abhishek Singh
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