Multibagger Penny Stock Under Re 1: Company Has Redeemed 656 NCDs, Aggregating to Rs 65,60,00,000
The stock gave multibagger returns of 500 per cent in 3 years and 1,100 per cent in 5 years.
Standard Capital Markets Ltd announced a partial redemption of its 10 per cent Secured Non-Convertible Debentures on April 11, 2025. The company redeemed 656 unlisted, unrated, redeemable NCDs with a face value of Rs 10,00,000 each, totalling Rs 65,60,00,000. This partial redemption, executed on a pro rata basis, was carried out due to the receipt of receivables from pledged/charged securities. Following this redemption, the outstanding amount of these debentures stands at Rs 1,99,20,00,000.
Standard Capital Markets Ltd. provided an update to their earlier announcement regarding the Board Meeting held on March 8, 2025, specifically revising item no. 1 concerning the "Standard Global Opportunities Fund." The revised item details the Board's approval for the incorporation of a Limited Liability Partnership (LLP) named "Standard Global LLP" or another approved name, which will act as the Investment Manager for the aforementioned Alternative Investment Fund (AIF) - Category III. This LLP, with a proposed contribution of Rs 1 Lakh, where Standard Capital Markets Limited will contribute 98 per cent, aims to manage the assets and investments of the AIF under applicable regulations, with the transaction being conducted at arm's length. The incorporation of Standard Global LLP, which will operate in the industry of managing mutual and pension funds, is expected to take approximately two months and will provide dedicated expertise for the AIF's management.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
About the Company
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.
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.
The company has a market cap of Rs 83 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. The stock gave multibagger returns of 500 per cent in 3 years and 1,100 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.