Ashish Kacholia’s small-cap company reports 1,923 per cent PAT Growth; Yearly Revenue jumped 1,71,880 per cent, FIIs stake Increased

FIIs hold a 5.62 per cent stake and have increased in the June quarter from 3.65 per cent of the March quarter.

SG Mart Ltd's stock is trading at Rs 376. The stock opened at Rs 369.95 and reached a day high of Rs 375.70 during the trading session.  The company released its Quarterly Results on August 09, 2024. On Friday the stock jumped more than 2 per cent in a day.

In the June 2024 quarter, revenue declined to Rs 1,144 crore, a drop of 24.19 per cent from the previous year and 10.42 per cent from the March 2024 quarter. Net profit for the same period was Rs 263 crore, marking a significant increase of 1,923.08 per cent year-over-year, though it decreased by 21.73 per cent from the previous quarter. For the full fiscal year 2024, revenue surged to Rs 2,682.9 crore, representing a growth of 171,880.77 per cent compared to FY23. Net profit also saw substantial growth, reaching Rs 61.04 crore, up by 30,420.00 per cent from FY23.

An ace investor, Ashish Kacholia bought 9,10,000 shares of this multibagger civil construction company at Rs 440 per share aggregating to Rs 40.04 crore.

Earlier, 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 Spilt & bonus Shares, Mukul Agrawal has 6,00,000 shares and Madhuri Madhusudhan Kela – wife of Madhusudhan Kela owns 4,00,000 shares.

SG Mart Ltd. engages in the business of power generation. It provides engineering, procurement and construction services for renewable energy projects. The company was founded on April 9, 1985 and is headquartered in Ahmedabad, India.

The company has a promoter shareholding of 40.97 per cent, FIIs hold 5.62 per cent which is increased in the June quarter from 3.65, DIIs hold 0.54 per cent and the rest is held by the public which is 52.88 per cent.

SG Mart Ltd, with a market capitalisation of Rs 4,191 crore and a P/E ratio of 48.2, has demonstrated impressive financial performance. The company's 52-week high stands at Rs 638.50, while the 52-week low is Rs 355.65. Over the past five years, SG Mart Ltd has achieved an exceptional profit growth of 233 per cent CAGR, reflecting its robust earnings expansion. Additionally, the company has maintained a median sales growth of 28 per cent over the last decade, underscoring its strong and consistent revenue performance.

Investors should keep a close eye on this Small-Cap stock.

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