SBC Exports Limited Buyback 2023
The founding stone of the Business was trading in Carpets, laid down, 30 years ago in Year 1991 by Late. Mr. Ganesh Prasad Gupta. Company was engaged in the Trading of handmade carpets, cushion covers, cotton quilts and bedspreads etc. in Mirzapur (Registered office of the company).
Over a period of four years, the Company achieved recognitions as a well-known Brand in the entire Uttar Pradesh. In Year 2015-16, the Company started its Hosiery Fabrics & Hosiery Garments Trading in Mirzapur and owned its manufacturing units at Mirzapur & Sahibabad Industrial Area, Ghaziabad, Uttar Pradesh. It is maintaining standards of producing high quality of wearing apparels for Ladies, Men’s and Kid’s, having a vast variety of T-Shirts, Denims, Sweat Shirts, Trousers, and Jackets and Leggings etc. which are trading under our Brand name such as “SBC DESIGN+”, “F-ROUTE”, “IEDEE”, “FEMAS FASHIONS”, “FEMAS LINGERIE’S’, “FEMAS JEANS”, etc.
In Year, 2016-17 it entered into the Business of Information Technology and Manpower Supply Services. Over the time and also added services like IT Solutions, E-Governances Services, Web / Software Developments, Scanning & Digitization, System Integration etc.
With the eye on the current generation needs and growing market, In Year 2017-18 , Company implants feet in Tour and Travel Services. We are working as a Tour & Travel Booking engine via Maujitrip.Com; a well-known brand in the Tour & Travel Industries. Later on in Year 2021-22, a wholly owned subsidiary company Mauji Trip Limited incorporated for this business segment, the company specialized mainly in organizing Adventures, Cultural, Religious, and Hill station & wildlife tours in India through a sprawling network
Buy Back Offer Deal:
Date of Board Meeting approving the proposal: | Aug 11 2023 |
Date of Public Announcement: | Aug 11 2023 |
Details of Buyback:
Salient financial parameters:
Particulars (In Cr) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
Sales + | 80 | 109 | 192 | 205 | 188 |
Expenses + | 77 | 105 | 188 | 197 | 178 |
Operating Profit | 3 | 4 | 4 | 8 | 10 |
OPM % | 3% | 4% | 2% | 4% | 6% |
Other Income + | 0 | 0 | 0 | 0 | 2 |
Interest | 1 | 1 | 2 | 2 | 2 |
Depreciation | 0 | 1 | 1 | 1 | 1 |
Profit before tax | 2 | 2 | 3 | 6 | 9 |
Tax % | 27% | 34% | 28% | 39% | 26% |
Net Profit + | 1 | 1 | 2 | 3 | 7 |
EPS in Rs | 0.09 | 0.06 | 0.09 | 0.16 | 0.32 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
Recommendation:
4 Comments
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Any update on this?
One more board cancelled the Buyback.
Buyback discussed but not approved
Good. Looking like a penny stock anyway.