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1,000 per cent returns in this multibagger stock: Board announced bonus shares and stock split; hit back-to-back upper circuits & 52-week highs!
Kiran Shroff

1,000 per cent returns in this multibagger stock: Board announced bonus shares and stock split; hit back-to-back upper circuits & 52-week highs!

The stock gave multibagger returns of 137 per cent in just 1 year and of over 1,000 per cent in 3 years.

On Friday, one of the Top Gainers on NSE, shares of Sarveshwar Foods Ltd jumped 10 per cent upper circuit of Rs 135.55 per share from its previous closing of Rs 123.25. The stock also made a new 52-week high of Rs 135.55 per share.

Sarveshwar Foods Limited (BSE Scrip Code: 543688; NSE Scrip Code: SARVESHWAR), incorporated in 2004 in Jammu & Kashmir, is engaged in the manufacturing, trading and export of Basmati rice, which is long grain rice with a fine texture; announced that the Board of Directors of the company have approved sub-division/ split of company’s 1 equity shares of the company having a face value of Rs 10 each into 10 equity shares of the company having face value of Rs 1 each and bonus shares in the ratio of 2:1 i.e. 2 equity shares for every 1 equity share having a face value of Rs 1 each (considering the post-sub-division/split of the face value of equity shares) held by the eligible shareholders of the company as on the record date.

Talking about the financials, Sarveshwar Foods has a market cap of Rs 414.75 crore with a 3-year stock price CAGR of 126 per cent. The company reported positive numbers in its Quarterly Results and annual results.

In the fourth quarter of fiscal year 2023 (Q4FY23), the company's net sales were 129.81 crores, which is lower than the net sales of 202.35 crores in Q4FY22. However, the net profit increased by 81 per cent to 1.81 crores in Q4FY23 compared to 1.01 crores in Q4FY22.

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For the full fiscal year 2023 (FY23), the company's net sales increased by 14 per cent to 689 crores, compared to 604 crores in FY22. The net profit skyrocketed by 167 per cent to 8 crores in FY23, compared to 3 crores in FY22.

The stock gave multibagger returns of 137 per cent in just 1 year and of over 1,000 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. 

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