1,200 per cent returns: This multibagger small-cap company bags new order worth Rs 50,00,00,000 from Unique Identification Authority of India (UIDAI)!

The stock gave multibagger returns of 400 per cent in just 2 years and over 1,200 per in 3 years.

BLS International Ltd a global leader in outsourcing services for governments and diplomatic missions, has been awarded a significant contract from the Unique Identification Authority of India (UIDAI) to conduct a comprehensive data quality check for Aadhaar information. The project, spanning over 3 years and extendable by another 2 years, could generate revenues of around Rs 50 crore for the company.

The company also informed that the agreement between our company's step-down subsidiary, BLS Kendras Pvt Ltd and the Punjab State e-Governance Society (PSeGS), executed on July 27, 2018, has reached the end of its contract period from November 27, 2023.

According to the Quarterly Results, the net sales increased by 14.26 per cent to Rs 407.74 crore and net profit increased by 61 per cent to Rs 82 crore in Q2FY24 over Q2FY23. Similarly, in FY23, the net sales grew by 78.40 per cent and net profit increased by 83.64 per cent compared to FY22.

Today, shares of BLS International Ltd surged 0.96 per cent to Rs 263.05 per share from its previous closing of Rs 260.55 with an intraday high of Rs 269 and an intraday low of Rs 262.85. The stock’s 52-week high is Rs 302 and its 52-week low is 149.70.

Furthermore, in the financial year 2022-2023, the company announced bonus shares 2 times in a ratio of 1:1 each. The first record date was on May 13, 2022, and the second was on December 08, 2022.

The shares of the company have a ROE of 29.5 per cent and a ROCE of 31.6 per cent. The stock gave multibagger returns of 400 per cent in just 2 years and over 1,200 per in 3 years. Investors should keep an eye on this Small-Cap stock.

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