During Friday’s trading session, the shares of a company primarily involved in the business of infrastructure activities hit a 5 percent circuit to Rs. 1,183.5 on BSE.
Over the past two months, from 1st November 2024 to the present date, Bharat Global Developers Limited has secured orders worth more than Rs. 1,400 crores.
Stock Performance:
With a market cap of Rs. 11,984 crores, the shares of Bharat Global Developers Limited (BGDL) opened in the green at Rs. 1,183.05, up by 5 percent, as against its previous closing price of Rs. 1,127.15.
The stock has delivered multibagger returns of nearly 2,593.5 percent in one year, as well as around 504 percent returns in the last six months. So far in 2024, the shares of Bharat Global Developers have given multibagger returns of about 2,027 percent.
Orders in last 2 months:
4th November – Bharat Global AgroTech Private Limited, the company’s AgriTech Division, secured its first major order from McCain India Agro Private Limited worth Rs. 300 crores for the supply of 2 lakh tonnes of freshly procured Kufri Ashoka potatoes over a period of six months, beginning in FY25.
7th November – BGDL secured an Infrastructure Engineering order worth Rs. 120 crores from Reliance Industries Limited. The order involved the design, engineering, and construction of a Full-Fledged High Capacity Fluidised Catalytic Cracker (FCC) unit.
21st November – The company’s Dubai-based wholly-owned subsidiary secured multiple orders, valued at ~Rs. 251 crores, to process and supply high-value precious stones, including diamonds, rubies, emeralds, and sapphires, to leading wholesalers and custom designer jewellery boutiques.
Additionally, the subsidiary was entrusted with the refining and supply of precious metals, such as gold and palladium, to global clients.
26th November – BGDL bagged an order worth Rs. 156 crores from UPL Agro Pvt. Ltd. for the supply of 3 lakh tons of Oil Grade Groundnuts.
11th December – BGDL’s agro division secured an annual supply contract worth Rs. 650 crores with TATA Agro & Consumer Products for the continuous supply of premium agricultural commodities, including tea leaves, coffee beans, organic pulses, and dry fruits.
Previous News:
On 18th November, the Board of the company approved the issue of bonus shares in an 8:10 ratio, which means, 8 new bonus shares for every 10 existing equity shares with a face value of Rs. 10.
Further, the Board also approved the stock split of equity shares (1:10 ratio) to a face value of Re. 1 per equity share from the existing face value of Rs. 10 per equity shares.
The record date for both the 8:10 bonus shares and the 1:10 stock split has been fixed on 26th December 2024.
Also read….
Financials:
The company reported an impressive growth in revenue from operations, experiencing a quarter-on-quarter increase of nearly 300 percent, rising from Rs. 54 crores in Q1 FY25 to Rs. 216 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 3 crores to Rs. 10 crores, representing a rise of around 233.3 percent QoQ.
Key Financial Ratios:
In terms of key financial metrics, Bharat Global Developers has a Return on Equity (RoE) of 6.56 percent and a return on capital employed (RoCE) of 8.55 percent. Additionally, the company’s debt-to-equity ratio stands at 0.29.
About the company:
Incorporated in 1992, Bharat Global Developers Limited, formerly known as Kkrrafton Developers Limited, is engaged in the business activities of construction of buildings carried out on an own-account basis or on a fee or contract basis.
The company specialises in sourcing, importing, and exporting a wide range of products spanning industries such as textile, agriculture, consumer goods, and more.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!