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SBC Exports Small-Cap Stock Surges 1,350% in 3 Years

11 December 20233 mins read by Angel One
The company recently bagged a new order worth Rs 2.93 crore from the Employees Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment.
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SBC Exports Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 2.12 on December 11, 2020, to Rs 30.78 on December 07, 2023, an increase of about 1350% in a three-year holding period.

An investment of Rs 1 lakh in the shares of this company three years ago would have turned to Rs 14.50 lakh today.

Financial Performance

SBC Exports Limited reported a strong second quarter for FY24, with net sales declining by 4.56% to Rs 35.22 crore, compared to Rs 36.90 crore in the same quarter last year. The operating profit also experienced a significant increase of 79.47%. The net profit for the quarter stood at Rs 2.17 crore, which was Rs 1.60 crore in the previous year’s same quarter.

Today, SBC Exports Limited has been awarded a contract by the Employees Provident Fund Organisation (EPFO) for the Hiring of Technical Resources. The contract is worth Rs. 2,93,06,786.

Business Overview

SBC Exports Ltd was incorporated in 2011. It is engaged in the trading and manufacturing of garments, manpower supply services & tour operator services. Currently, the company has 70 distributors in India and receives an average of 75 new projects every year.

Stock Price Movement

Today, the stock opened at Rs 31.38, with a high and low of Rs 31.61 and Rs 30.70, respectively. The stock ended the trading session at Rs 30.78, down by 1.28%. The stock has a 52-week high of Rs 35.04 and a 52-week low of Rs 13.50. The company has a ROCE of 23.7% and an ROE of 22.2% with a market capitalization of Rs 651 crore.

The stock has shown strong growth and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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