Multibagger Penny Stock Under Re 1 to Explore International Markets as Part of Strategic Expansion Plan, Subject to RBI Approval
The stock gave multibagger returns of 500 per cent in 3 years and 1,100 per cent in 5 years.
Standard Capital Markets Ltd (SCML), a Non-Banking Financial Company registered with the Reserve Bank of India, has announced its strategic intent to explore international markets, aiming to broaden its financial service offerings and enhance its global presence. This expansion, contingent upon regulatory approvals including those from the RBI, will involve evaluating opportunities for establishing overseas subsidiaries and forming strategic partnerships within key global financial centres. The company's proposed international ventures will concentrate on providing tailored financial solutions such as secured and unsecured lending, trade finance, and wealth management to both individual and institutional clients.
Key elements of SCML's international expansion strategy include the incorporation of wholly-owned subsidiaries in regions with supportive financial regulations to effectively serve an expanding international clientele. The company intends to focus on delivering innovative financial solutions, encompassing trade credit, supply chain financing, and customised lending facilities for high-net-worth individuals and corporate entities. To support cross-border operations, SCML will invest in upgrading its digital infrastructure and ensuring strict adherence to international compliance standards, while remaining fully committed to operating within the guidelines set by the RBI and relevant international regulatory frameworks.
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
Established in 1987 and registered with the RBI, Standard Capital Markets Ltd (SCML) is a diversified NBFC providing financial services like lending, investment advisory, insurance broking, arbitration, and legal assistance; its subsidiary, Standard Capital Advisors Limited, focuses on merchant banking.
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.