Bonus shares & Stock Split: This multibagger micro-cap company announces stellar quarterly results; scrip up by 900 per cent in 3 years!

The stock gave multibagger returns of 130 per cent in just 1 year and of over 900 per cent in 3 years.

Sarveshwar Foods Limited (BSE Scrip Code: 543688; NSE Scrip Code: SARVESHWAR), incorporated in 2004 in Jammu & Kashmir, is engaged in the manufacturing, trading and export of Basmati rice, which is long grain rice with a fine texture; announced its Quarterly Results ended June 30, 2023. Details below:

• Net sales stood at Rs 187.68 crore, an increase of 44.58 per cent compared to Q4FY23. 
• Profit before tax stood at Rs 4.02 crore, up 50.41 per cent compared to Q4FY23.  
• Profit After Tax of Rs 2.90 crore, up 60.26 per cent compared to Q4FY23.  
• The EPS for Q1FY24 is Rs 0.98.

Additionally, the Board of Directors of the company have approved a sub-division/ split of the company’s 1 equity share of the company having a face value of Rs 10 each into 10 equity shares of the company having a face value of Rs 1 each and bonus shares in the ratio of 2:1 i.e. 2 equity shares for every 1 equity share having a face value of Rs 1 each (considering the post-sub-division/split of the face value of equity shares) held by the eligible shareholders of the company as on the record date.

Sarveshwar Foods Limited (BSE Scrip Code: 543688; NSE Scrip Code: SARVESHWAR), incorporated in 2004 in Jammu & Kashmir, is engaged in the manufacturing, trading and export of Basmati rice, which is long grain rice with a fine texture. The company has a market cap of Rs 355 crore with a 3-year CAGR of 122 per cent.

The stock gave multibagger returns of 130 per cent in just 1 year and of over 900 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.