Penny stock under Rs 30: Company partners with South Korea’s Core International Corporation to expand sales network in Japan, Indonesia, and Thailand!

The company’s shares have delivered impressive multibagger returns of over 1,000 in just 3 years.

Swiss Military Consumer Goods has entered into an exclusive business collaboration agreement with South Korea's Core International Corporation Limited. This agreement aims to establish a sales network in Japan, Indonesia, and Thailand for luggage and travel gear products. These products will be manufactured at the company's proposed facility, as well as imported or sourced from third parties.

Core International Corporation, based in Namyangju-city, Gyeonggi-do, South Korea, has been associated with the "Swiss Military" brand for 15 years, demonstrating extensive experience in the luggage and travel gear industry across South Korea, China, Japan, and Southeast Asia. Under a new exclusive collaboration agreement, Swiss Military Consumer Goods Ltd and Core International Co. Ltd. will establish a sales network for luggage and travel gear in Japan, Indonesia, and Thailand. The products will be manufactured at the Swiss Military's proposed facility or sourced from third parties. Core International Co. Ltd. will support the Swiss Military in identifying, manufacturing, importing, and sourcing products for these markets.

Also read Power of Dividend Income: How Rs 1,000 becomes Rs 8 CRORE and generates a multibagger return of 81,17,355 per cent!

Share Performance:

On Tuesday the company’s stocks closed at around Rs 25.51 per share, representing a decline of 4.24 per cent today. The current market capitalisation of this company stands at Rs 501.51 crore. Shares of this micro-cap company have delivered a multibagger return of around 1169 per cent in the past 3 years.

Financial Performance:

As per the Quarterly Results in Q4 FY24, Swiss Military Consumer Goods posted a revenue of Rs 52.49 crore, reflecting a growth of 40.50 per cent YoY compared to the same quarter in the previous year, when the revenue stood at Rs 37.36 crore. The company posted an operating profit of Rs 2.66 crore for the quarter, in contrast to an operating profit of Rs 1.40 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 2.19 crore, compared to a net profit of Rs 1.36 crore in the same period last year.

Investors must keep this stock on their radar.

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