Multibagger penny stock below Rs 35: This textile company bags new international order worth Rs 45,00,00,000 from Gawgee Brothers Wholesalers Co. LLC
The stock gave multibagger returns of 137 per cent from its 52-week low of Rs 13.41 per share and gave multibagger returns of 3,900 per cent in 5 years.
SBC Exports Limited has secured a repeat export order valued at USD 5,360,180 (approximately INR 45 crores) from Dubai-based M/s GAWGEE BROTHERS WHOLESALERS CO. LLC for the supply of various garment items including T-shirts, trousers, and shorts. The order, to be executed within one year from August 12, 2024, requires a minimum shipment of 60,000 pieces per order and payment within 90 days of delivery. All transactions will be in US dollars, with insurance and freight costs borne by the buyer. The order is from an international entity, unrelated to the company's promoters or group companies, and does not qualify as a related party transaction.
Additionally, the shares of the company ex-traded bonus shares in the ratio 1:2 i.e., 1 equity share for every 2 equity shares held by the existing equity shareholder of the company. The ex-record date was January 19, 2024. Pre-Bonus Issue Paid-up Share Capital – 21,16,40,000 Post Bonus Issue Paid-up Share Capital – 31,74,60,000.
SBC Exports Ltd was incorporated in 2011 with a market cap of Rs 677 crore. It is engaged in the trading & manufacturing of garments, manpower supply services and tour operator services. Currently, the company has 70 distributors in India and receives an average of 75 new projects every year.
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The net sales increased by 24 per cent to Rs 65.72 crore and net profit increased by 16 per cent to Rs 5.32 crore in Q1FY25 compared to Q1FY24. The net sales increased by 7 per cent to Rs 209.41 crore and net profit increased by 36.71 per cent to Rs 9.44 crore in FY24 over FY23. The stock gave multibagger returns of 137 per cent from its 52-week low of Rs 13.41 per share and gave multibagger returns of 3,900 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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