1:1 Bonus Share & 10:1 Stock Split: Mukul Agrawal’s & Madhuri Madhusudhan Kela’s portfolio multibagger civil construction stock announces stellar results, PAT zooms over 30,000 per cent!
The stock gave multibagger returns of 935 per cent in just 1 year and a whopping 7,250 per cent in 3 years.
SG Mart Ltd offers a wide range of products with 27+ product categories, and 1750+ SKUs. These categories include steel construction products like TMT bars, HR sheets, welding rods, binding wire, mesh net, tapping screw and barbed wire, tiles, cement, bath fittings, laminates and paints.
The company has a market cap of over Rs 5,000 crore and has delivered good profit growth of 233 per cent CAGR over the last 5 years. The company's median sales growth has been 28 per cent in the last 10 years. According to the Quarterly Results, the net sales increased by 70.7 per cent to Rs 1,277.54 and the net profit increased by 95.7 per cent to Rs 33.65 crore in Q4FY24 compared to Q3FY24. In its annual results, net sales increased by 1,720 times to Rs 2,682.90 crore and net profit skyrocketed by 30,420 per cent to Rs 61.04 crore in FY24 compared to FY23.
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Earlier, shares of the company ex-traded stock split 10:1 stock split (reducing the face value from Rs 10 to Rs 1 each) and ex-traded 1:1 bonus issue (one bonus share for each existing share, post-split) for eligible shareholders, subject to future shareholder and regulatory approvals. The ex-date for the bonus shares and the stock split was February 22, 2024. The stock gave multibagger returns of 935 per cent in just 1 year and a whopping 7,250 per cent in 3 years.
Additionally, two ace investors, Mukul Agrawal bought 30,000 shares and Madhuri Madhusudhan Kela bought 20,000 shares via preferential issue of shares of the face value of Rs 10 each at an issue price of Rs 5,000 per equity share. Post stock split & bonus shares, Mukul Agrawal has 6,00,000 shares and Madhuri Madhusudhan Kela – wife of Madhusudhan Kela owns 4,00,000 shares.
Disclaimer: The article is for informational purposes only and not investment advice.
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