6,000 Per Cent In Just 1 Year: Infrastructure & Engineering Company Bags Order valued at Rs 120 Crore from Reliance Industries Ltd
The stock gave multibagger returns of 433 in just 3 months, 510 per cent in 6 months and a whopping 6,000 per cent in 1 year.
Bharat Global Developers Ltd (BGDL) has secured a significant Rs 120 Crore contract from Reliance Industries Ltd. for the design, engineering, and construction of a state-of-the-art Full-Fledged High-Capacity Fluidised Catalytic Cracker (FCC) unit. This prestigious win underscores BGDL's prowess in delivering cutting-edge refining technologies that prioritize efficiency, environmental sustainability, and operational safety.
Key engineering highlights of this project include precision design and space optimization through advanced modular construction techniques, high-performance processing capabilities for maximum output and reduced energy consumption, advanced heat and pressure handling systems for durability and safety, and stringent adherence to industry standards for environmental compliance and operational security. BGDL's commitment to delivering innovative solutions aligns perfectly with Reliance's goal of maximizing capacity within limited space.
Bharat Global Developers Ltd., incorporated in 1992, is a real estate company focused on developing and constructing residential and commercial properties. The company's diverse range of activities includes land acquisition, property development, construction, and management of various infrastructure projects. Additionally, they are involved in the manufacturing and trading of packaging materials and providing telecommunication services.
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The company has a market cap of over Rs 9,600 crore and has delivered good profit growth of 220 per cent CAGR over the last 5 years. The company is entirely owned by public shareholders, yet its stock is trading at a staggering 85.3 times its book value. Despite this high valuation, the company's performance is less impressive, with a low return on equity of 6.43 per cent over the past three years. Additionally, the company struggles with significant debtor issues, as evidenced by the 350-day debtor period. This problem is further compounded by a significant increase in working capital days, rising from a negative 1,433 days to a positive 1,422 days. The stock gave multibagger returns of 433 in just 3 months, 510 per cent in 6 months and a whopping 6,000 per cent in 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.