Promoters bought 2,46,000 shares & FIIs took a fresh entry: This multibagger micro-cap company announces positive FY24 results & final dividend after 2 years!

The company has a market cap of Rs 262 crore with a PE of 31x, an ROE of 14 per cent and an ROCE of 17 per cent.

Today, shares of Bhatia Communications & Retail Ltd gained 3 per cent to Rs 22.29 per share from its previous closing of Rs 21.64. The stock’s 52-week high is Rs 38.90 and its 52-week low is Rs 13.10.

Bhatia Communications & Retail (India) Ltd is engaged in the retail and wholesale distribution business of mobile handsets, tablets, data cards, mobile accessories, mobile-related products, home appliances and other electronic items. 

Results: According to the Quarterly Results, the net sales increased by 14.02 per cent to Rs 93.91 crore in Q4FY24 compared to net sales of Rs 82.36 crore in Q4FY23. The net profit increased by 4.2 per cent to Rs 2.98 crore in Q4FY24 compared to Rs 2.86 crore in Q4FY23. In its annual results, the net sales increased by 31.3 per cent to Rs 413.79 and the net profit increased by 20.8 per cent to Rs 11.52 crore in FY24 compared to FY23.

dividend: The Board has recommended a final dividend of Re 0.01 per equity share having a face value of Re 1 i.e., (1 per cent) to the shareholders for the financial year 2023-24. This final dividend was announced after 2 years as earlier the company paid a final dividend of Rs 0.05 per share on August 25, 2022.

Also Read: 6,000 per cent returns and promoters & FIIs increase stake: Multibagger rice manufacturing & selling company announces stellar results, PAT zooms 88 per cent!

The company has strong partnerships with various companies like Apple, One Plus, Samsung, Vivo, Oppo, Realme, Mi, Motorola, Techno, Nothing, Noise, Boat, HP, Lenovo, Fire Boltt, etc. The company has an average of Rs 8 to Rs 10 lakhs of capex per store with 172 stores across India (160 owned and 12 franchise). The promoters of the company bought 2,46,000 shares and increased their stake to 73.85 per cent in March 2024 compared to 73.66 per cent in March 2023. In March 2024, FIIs took a fresh entry and bought a 0.08 per cent stake in the company.

The company has a market cap of Rs 262 crore with a PE of 31x, an ROE of 14 per cent and an ROCE of 17 per cent. The stock gave multibagger returns of over 200 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.