Stock under ₹20 in focus after receiving ₹11 Cr order from Higher Education Department Delhi

The shares of a Microcap company that does trading and Manufacturing of Garments, Manpower Supply and Services & Tour Operator Services are in focus today after the company secured a work order worth Rs 111.29 Millions. 

Share Price Movement 

The shares of SBC Exports Ltd, with a total market capitalization of Rs 604.13 Crores on Monday, reached an Intraday high of Rs 19.30 per share gaining around 2.11 percent. As of 2:00 pm, the shares retreated and were trading at Rs 19 per share which was 0.6 percent higher than the previous closing price of Rs 18.90. 

The shares of SBC Exports Ltd generated a return of 270 percent in the past three years, and a return of 676 percent since it got listed in November 2021. 

About the Order

As per a press release dated February 22, 2025, SBC Exports Ltd has secured a work order worth Rs 111.29 Millions from Higher Education Department Delhi through Guru Gobind Singh Indraprastha University. The purpose of this Work-Order is to provide Manpower Outsourcing Services and the time period by which the order is to be executed is two years. 

Also read: IT stock jumps after receiving work order from Govt. for Lok Sabha Secretariat project

Financials 

The company reported an increase of 38.6 percent YoY in revenues from operation from Rs 51.96 Crores in Q3FY24 Crores to Rs 72.04 Crores in Q3FY25.It posted an increase of 24.74 percent YoY in Net profits from Rs 2.87 Crores to Rs 3.58 Crores over the same period. On the operating level, their EBITDA grew by 27.5 percent YoY from Rs 4.65 Crores to Rs 5.93 Crores. 

Bonus Issue

As per a press release dated January 24, 2025, the Board of Directors of SBC Exports Ltd has approved the issue of Bonus shares in the ratio of 1:2 i.e., 1 Equity Share for every 2 equity shares held by the existing equity shareholder of the Company. The record date for the bonus issue is yet to be fixed. Around 15.87 Crores Equity shares would be issued as Bonus shares. 

About SBC Exports Ltd 

The company is engaged in the trading and manufacturing of garments, manpower supply services and tour operator services. It operates through three segments namely Garment Manufacturing & Trading, IT & Manpower Supply, and Tour & Travelling Operator. 

Written By Adhvaitha Nayani 

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