This multibagger company has reduced its debt by Rs 74.34 crore in the last financial year and has given 1,251 per cent returns!

The company has a market cap of Rs 3,513 crore with a CAGR of 68 per cent in 5 years.   

Today, at the closing bell, the Indian indices ended the day in green, with BSE Sensex Index up 0.58 per cent at 60,650. In broader markets, the indices also ended the trading session in the green, BSE Mid-Cap Index and BSE Small-Cap Index each up by 0.50 per cent.  

Sindhu Trade Links Limited informed that with regards to terms of company management’s decision to reduce debts, it has reduced its secured bank/NBFCs by Rs. 74.34 crore from Rs 173.50 crore to Rs 99.16 crore and the current outstanding secured Bank/NBFCs-debt has reached below Rs 100 crore.  

With promoters' persistence, the company dared to initiate this debt reduction program during the last year, wherein businesses across the world were considerably disturbed by the outburst of the Covid-19 pandemic and is continuing thereafter with tenacity to reduce the debt every quarter and accordingly, Rs 74.34 crore of secured Bank/NBFCs-debt has been repaid by the company in the last financial year.  

Sindhu Trade Links Ltd is primarily engaged in transportation logistics and support services. The company through its subsidiaries is also engaged in diversified businesses like media, overseas coal mining, biomass-based power generation etc.   

Today, shares of the company traded at Rs 22.78 per share, up 2.75 per cent with an intraday high of Rs 23.25 and an intraday low of Rs 21.40. The company has a market cap of Rs 3,513 crore with a CAGR of 68 per cent in 5 years.   

The stock gave multibagger returns of 1,251 per cent in just 3 years. Investors should keep an eye on this stock.