Multibagger Stock SBC Exports To Enter Into Retail, Franchising; Check Expansion Plan Here

SBC Exports has informed the stock market that the company has made an ambitious plan to strengthen its share in global trade. The company is working on a plan to expand its operations for the next 5 years. The company is trying to expand its operations at the global level through retail, franchise and export business. The company has planned to open 30 retail stores in small cities of the country. SBC Exports has planned to start a network of flagship retail stores in big markets around the world. To reach the customer directly, SBC Exports has decided to open 50 franchise stores.

"The company's next five-year strategic plan focuses on expanding through a Franchise Model, Boosting Online Sales, establishing Retail Stores, increasing Exports, and Securing New Government Projects," the company said in a release.

The shares of SBC Exports, a small-cap company with a market cap of about Rs 987 crore, have a 52-week high of Rs 33.85 while the 52-week low is Rs 13.56. In the last 5 days, the shares of SBC Exports have given investors a return of 11 percent while in the last 1 month it has given a return of 15 percent and its shares have reached a price of Rs 31 from a price of Rs. 27.

The shares of SBC Exports Limited were at a low of Rs 19.87 on 29 November 2023 from where the wealth of investors has increased by 56 percent. In the last 1 year, the shares of SBC Exports have given a return of 123 percent to the investors from the low of ₹ 14 on 29 May. The shares of SBC Exports had gone down to a low of Rs 3.27 on 17 March 2022 from where the investors have got a bumper return of 900 percent.

Recently, the company announced financial results with a net profit of 11.45% to Rs 3.31 crore in Q4FY24 as against Rs 2.97 crore during Q4FY23. Sales rose 2.63% to Rs 69.37 crore in Q4FY24 as against Rs 67.59 crore during Q4FY23.

For the full year, net profit rose 36.76% to Rs 9.45 crore in FY24 as against Rs 6.91 crore in FY23. Sales rose 6.99% to Rs 209.41 crore in FY24 as against Rs 195.73 crore in FY23.

SBC Exports Limited have an in-house stitching and quality control system at all levels by experienced persons and regularly trying to update ourselves and believe that constant improvement to refine at all levels and strict to delivery schedules, they have to keep pace with the changing times, is why they have always looked at Technology as an area of Investment rather than Expenditure. They operate from state-of-the-art Textile Processing Units, In-House Computerized Embroidery Machines, Digital Printing Machine, CAD Machine, Colouring Unit Modern Stitching Units etc.

In 2016-17 they entered into the Business of Information Technology and Manpower Supply Services. Over time it also added services like IT Solutions, E-Governances Services, Web / Software Developments, Scanning & Digitization, System Integration etc.