Promoters hold 73.88 per cent stake: Penny stock under Rs 25 reports positive numbers and announces dividend
The stock is up by 23 per cent from its 52-week low of Rs 19.51 per share and has given multibagger returns of over 200 per cent in 5 years.
On Tuesday, shares of Bhatia Communications & Retail Ltd plunged 2.72 per cent to Rs 23.99 per share from its previous closing price of Rs 24.66 per share. The stock’s 52-week high is Rs 36 per share and its 52-week low is Rs 19.51 per share. The shares of the company saw a spurt in volume by more than 4 times on the BSE.
Bhatia Communications & Retail (India) Limited is a major player in the retail and wholesale distribution of mobile devices, accessories, home appliances, and other electronic products. The company boasts strong partnerships with leading brands such as Apple, Samsung, OnePlus, Vivo, Oppo, Realme, Xiaomi, Motorola, Techno, Nothing, Noise, Boat, HP, Lenovo, Fire Boltt and more. With an average capital expenditure of Rs 8 to 10 lakhs per store, Bhatia Communications operates a network of 172 stores across India, including 160 owned stores and 12 franchise stores.
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According to the Quarterly Results, the net sales increased by 10.5 per cent to Rs 103.77 crore in Q4FY25 compared to net sales of Rs 93.91 crore in Q4FY24. The company reported net profit of Rs 2.93 crore in Q4FY25 compared net profit of Rs 2.98 crore in Q4FY24. In its annual results, the net sales increased by 7 per cent to Rs 442.72 crore and the net profit increased by 20 per cent to Rs 13.82 crore in FY25 compared to FY24. The Board of Directors has recommended a final dividend of Re 0.01 per equity share (1%) for the financial year 2024-25, subject to shareholder approval at the upcoming Annual General Meeting.
The company has a market cap of Rs 290 crore with a PE of 34x, an ROE of 19 per cent and an ROCE of 21 per cent. The stock is up by 23 per cent from its 52-week low of Rs 19.51 per share and has given multibagger returns of over 200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.