The shares of the small-cap company hit 5 percent upper-circuit of Rs 1,127.15 per share after the company’s board fixed a record date for a stock split and bonus issue.
With a market capitalization of Rs 11,413.48 crore, the shares of Bharat Global Developers Ltd were trading at Rs 1,127.15 per share, increasing around 5 percent as compared to the previous closing price of Rs 1,073.50 apiece.
Reason for rise:-
The shares of the company have seen bullish movement after Bharat Global Developers Ltd’s board of directors fixed a December 26, 2024 record date for a stock split and bonus issue in the ratio of 1:10 and 8:10 respectively.
Financials & Ratios:-
Examine the company’s financial condition, revenue zoomed by 300 percent from Rs 54 crore in Q1FY25 to Rs 216 crore in Q2FY25, and during the same time frame, net profit magnified by 233 percent from Rs 3 crore to Rs 10 crore.
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.
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 specializes in sourcing, importing, and exporting a wide range of products spanning industries such as textile, agriculture, consumer goods, and more.
Written by:- Abhishek Singh
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