10:1 Stock split: Low price multibagger realty stock under Rs 120 attracted heavy volumes, stock rallied over 10 per cent today; Must-watch!

The shares of the company have delivered a return of over 425 per cent to its shareholders in just 1 year.

This Small-Cap realty firm in India focuses on developing and managing commercial and residential real estate projects in Pune. Today the company experienced a significant surge in its share price. At the start of the day's trading session, the stock opened at Rs 115 per share, compared to the previous day's closing figure of Rs 105.70 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 117.15 per share on the BSE. Today, the trading volumes of the company's stock surged by approximately 1.19 times on the BSE. 

The current market capitalisation of Suratwwala Business Group Limited stands at Rs 1,946 crore, and the stock has generated an impressive multibagger return of around 1589 per cent in the past 3 years. On April 18, 2024, the company's stock underwent a stock split, with the face value of each share decreasing from Rs 10 to Rs 1.

Also read 10:1 Stock split: This agrochemical stock hits the upper circuit, reaching an all-time high. BSE's volume surged by 529 times today!

Financial Performance

As per the Quarterly Results in Q4 FY24, the company reported a revenue of Rs 21.08 crore compared to a revenue of Rs 10.71 crore, representing a growth of 97 per cent YoY. The company’s operating profit reached Rs 10.47 crore compared to a profit of Rs 0.96 crore in Q4 FY23. The operating margin stood at 50 per cent. The net profit of the company was Rs 5.59 crore in Q4 FY24 compared to a net loss of Rs 1.02 crore representing a gain of 647.21 per cent.

Turning your attention to the annual performance of the company, it reported a revenue of Rs 72.01 crore, compared to Rs 62.28 crore in FY23. The company reported a net profit of Rs 27.79 crore representing a gain of 31.33 per cent YoY compared to a profit of Rs 21.16 crore in FY23.

Moreover, the company has turned around its performance in just 1 year from an operating loss of Rs 4 crore in FY22 to Rs 30 crore in FY23. Additionally, it has maintained the same in FY24 by achieving Rs 39 crore of operating profit. During the same period, the margins have expanded from 47 per cent to 54 per cent, respectively. The same trend is observed in the company’s net profit as well.

Investors must keep this small-cap multibagger stock on their radar.

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