Shares of Bharat Global Developers Limited rose from Rs 16.14 to a high of Rs 1069.60 in the last 52 weeks. In this way, this stock gave a return of 4735 percent in a year. On Monday also, after a gain of 5%, the stock hit an upper circuit and closed at the level of Rs 780.
Bharat Global Developers Limited is a real estate company, which does the business of purchase and development of land and property for residential and commercial projects. It also builds and manages infrastructure such as roads, railways, and cinema halls. Additionally, the company manufactures and trades various packaging materials including paper and PVC products, and provides telecommunication services such as telephone, cellular, and internet access.
The Agritech Division of Bharat Global Developers Limited has secured a historic order of about Rs 300 crore from McCain India Agro Private Limited. This major contract includes the supply of 200,000 tonnes of Kufri Ashok potatoes in the six months starting from the current financial year.
This achievement is a significant milestone for Bharat Global Agrotech Pvt Ltd, strengthening its presence in the Indian agriculture sector.
This order underlines Bharat Global Developers Limited's ability to meet large-scale agricultural requirements, reflecting its capability and commitment to deliver high-quality produce. Successful execution of this contract will increase revenue and establish Bharat Global Developers Limited as a major contributor to India's agro supply chain.
Company's financial performance
As per the quarterly results in June 2024, Bharat Global Developers Limited recorded a revenue of Rs 54.05 crore. Operating profit for the period stood at Rs 3.43 crore with a margin of 6.35 percent. Net profit stood at Rs 2.54 crore. Looking at the annual performance, the company earned a revenue of Rs 25.76 crore in FY 24. Operating profit for FY 24 was Rs 4.65 crore, with net profit at Rs 3.33 crore.
The current market capitalization of Bharat Global Developers Limited is Rs 7,902.81 crore and the stock has given impressive multi-bagger returns of over 4,974 percent in the last 1 year alone.
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