4,974 Per cent Multibagger Returns in Just 1 Year: Company Secures Rs 300 Crore Order from McCain India – Stock Hits Upper Circuit Today
The company’s shares have delivered an impressive return of over 400 per cent in just 6 months.
Incorporated in 1992, Bharat Global Developers Ltd operates in real estate, focusing on purchasing, developing, and trading land and properties for residential and commercial projects. It also constructs and manages infrastructure such as roads, railways, and cinema houses. Additionally, the company manufactures and trades various packaging materials, including paper and PVC products, and offers telecommunications services like telephone, cellular, and internet access.
Bharat Global Developers Ltd’s AgriTech Division has secured a landmark order with McCain India Agro Pvt Ltd, valued at approximately Rs 300 crores. This major contract involves the supply of 200,000 tonnes of Kufri Ashoka potatoes over six months, beginning in the current fiscal year. This accomplishment represents a significant milestone for Bharat Global AgroTech Pvt Ltd, solidifying its presence in the Indian agricultural sector.
This order underscores Bharat Global Developers Ltd’s capacity to fulfill large-scale agricultural requirements, showcasing its capability and commitment to delivering high-quality produce. Successful execution of this contract will boost revenue and establish Bharat Global Developers Ltd as a prominent contributor to India’s agricultural supply chain.
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Financial Performance
As per the Quarterly Results in June 2024, Bharat Global Developers Ltd recorded a revenue of Rs 54.05 crore. The operating profit for the period stood at Rs 3.43 crore with a margin of 6.35 per cent. The net profit stood at Rs 2.54 crore. Looking at the annual performance, the company generated a revenue of Rs 25.76 crore in FY24. The operating profit for FY24 was Rs 4.65 crore, with a net profit of Rs 3.33 crore.
Share Performance
At the start of today's trading session, Bharat Global Developers Ltd opened at Rs 776.85 per share, compared to Rs 743.30 per share on the BSE. Finally, the company’s shares closed at around Rs 780.45 per share on the BSE and hit the upper circuit of 5 per cent. The current market capitalization stands at Rs 7,902.81 crore, and the stock has generated an impressive multibagger return of over 4,974 per cent in the past 1 year only.
Disclaimer: The article is for informational purposes only and not investment advice.