1,400 per cent returns in 5 years: Multibagger penny stock under Re 1 hit upper circuit on February 17
From Rs 0.09 to Rs 0.79 per share, the stock gave multibagger returns of 777 per cent in 3 years and over 1,400 per cent in 5 years.
On Monday, the shares of Standard Capital Markets Ltd hit a 5 per cent upper circuit to Rs 0.79 per share from its previous closing of Rs 0.76 per share. The stock’s 52-week high is Rs 3.52 and its 52-week low is Rs 0.74.
Standard Capital Markets Ltd, an NBFC established in 1987 and registered with the RBI, offers a comprehensive suite of financial services beyond traditional banking. These include advisory services, arbitration, due diligence, legal assistance, and licensing support. To further expand its reach, the company established a wholly owned subsidiary, Standard Capital Advisors Limited, specializing in merchant banking activities. With a strong commitment to customer satisfaction and a focus on integrity and innovation, Standard Capital Markets Ltd. aims to provide valuable financial solutions to individuals and businesses while actively contributing to the growth of the education sector by ensuring accessibility to financial opportunities.
According to Quarterly Results, the net sales increased by 106 per cent to Rs 20.28 crore in Q3FY25 compared to net sales of Rs 9.84 crore in Q2FY25. The company reported a net loss of Rs 45.10 crore in Q3FY25 compared to a net loss of Rs 0.70 crore in Q2FY25. The company reported net sales of Rs 38.16 crore and a net loss of Rs 44.05 crore in 9MFY25 while the company reported net sales of Rs 27.39 crore and a net loss of Rs 10.71 crore in FY24.
Additionally, the company’s Board of Directors approved the allotment of 5,800 unrated, unlisted, secured NCDs (Non-Convertible Debentures). The NCDs have a face value of Rs 1,00,000 each and were issued for Rs 1,00,000 each, aggregating to Rs 58 crore. The allotment was conducted on a private placement basis, in accordance with the terms of the private placement cum application letter.
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Furthermore, the company has announced its entry into the electric vehicle (EV) financing sector. This expansion will focus on providing financial solutions for EV batteries and electric two-wheelers, demonstrating SCML's commitment to sustainable transportation and support for the burgeoning EV market. The company aims to make EV adoption more accessible by offering affordable and convenient loan options for individuals seeking electric two-wheelers and batteries for daily use. SCML's new financing program offers competitive interest rates and flexible repayment terms to reduce financial barriers to EV ownership. The program will cover the cost of electric two-wheelers, such as scooters and motorcycles, as well as swappable EV batteries, addressing a significant upfront cost for consumers. Loans will be available to individual buyers, and key benefits include competitive interest rates, tailored repayment plans, a fast approval process, and loan terms covering both EV batteries and two-wheeler purchases. SCML is also actively partnering with EV manufacturers, dealerships, local governments, and organizations to further support EV infrastructure and promote a cleaner future.
The company has a market cap of Rs 137 crore and has delivered good profit growth of 173 per cent CAGR over the last 5 years. According to the shareholding pattern, promoters of the company only own a 13.89 per cent stake while the public owns an 86.11 per cent stake as of December 2024. From Rs 0.09 to Rs 0.79 per share, the stock gave multibagger returns of 777 per cent in 3 years and over 1,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.