SBC Export’s Stocks Climbed 9% to Rs. 20.89!

SBC Exports Ltd has secured a work order for providing office support, project management support, and rollout services. The total value of the purchase order is Rs 2,26,05,198, and it is scheduled to be executed within 9 months from the LOI. In the fiscal year 2023-2024, the company has received multiple work orders amounting to Rs 34,46,63,248, which includes the aforementioned order.

On Tuesday, the shares of SBC Exports Ltd experienced a significant surge, rising by 9.62% from its previous closing price of Rs 20.89 per share to an intraday high of Rs 22.90 per share. As of 12:30 pm, the company’s shares were trading positively, showing an 8.47% increase at Rs 22.66 per share. The stock’s 52-week high is Rs 23.81 per share, while its 52-week low is Rs 4.65 per share.

Established in 2011, SBC Exports Ltd has a market capitalization of Rs 480 crore. The company is primarily involved in the trading and manufacturing of garments, manpower supply services, and tour operator services. Currently, it has 70 distributors in India and receives an average of 75 new projects annually.

According to the consolidated quarterly results, the company witnessed a 28.45% increase in net sales, reaching Rs 67.59 crore, and a remarkable 110.64% surge in net profit, amounting to Rs 2.97 crore, in Q4FY23 compared to Q4FY22. In the annual consolidated results, SBC Exports Ltd reported net sales of Rs 196 crore and achieved a staggering 133.33% rise in net profit, totalling Rs 7 crore, in FY23 compared to FY22. The earnings per share (EPS) for Q4FY23 was Rs 0.14, while the EPS for FY23 stood at Rs 0.33.

The stock has witnessed significant growth over different timeframes, with a 45% increase in the past 3 months, a 35% rise in the past 6 months, a remarkable 310% surge in the past year, an impressive 923% growth over the last 2 years, and an extraordinary over 1,600% increase over 3 years. Investors should keep an eye on this small-cap multibagger stock under the radar.