Bharat Global Developers Secures ₹300 Crore Order, Boosting Shares to New Heights

During Monday’s trading session, shares of a company focused on infrastructure activities reached a 5% circuit limit, trading at Rs. 780.45 on the BSE, following the announcement that its AgriTech division secured a substantial order worth Rs. 300 crores from McCain India Agro Private Limited.

As of 01:18 p.m., Bharat Global Developers Limited, with a market capitalization of Rs. 6,688.2 crores, saw its shares rise by 4.95% to Rs. 780.1, up from the previous closing price of Rs. 743.3.

According to recent regulatory filings with the BSE, Bharat Global Developers Limited's AgriTech Division has received its first major order from McCain India Agro Private Limited. This contract, valued at Rs. 300 crores, entails the supply of 2 lakh tonnes of freshly procured Kufri Ashoka potatoes over a six-month period starting in FY25.

This achievement represents a significant milestone for Bharat Global AgroTech Private Limited and strengthens its position in the Indian agricultural sector. Successfully executing this order is expected to substantially boost revenue and establish Bharat Global Developers as a key player in India’s agricultural supply chain.

Bharat Global AgroTech Private Limited focuses on agricultural innovations and aims to lead in organic and sustainable farming solutions. With the Indian organic food market projected to grow at a CAGR of 20.5% over the next five years, Bharat Global AgroTech Pvt Ltd. is strategically positioned to take advantage of this growing sector. The company is currently in the incorporation process.

The company reported impressive revenue growth, with a quarter-on-quarter increase of nearly 118.6%, rising from Rs. 24.7 crores in Q4 FY24 to Rs. 54 crores in Q1 FY25. However, during the same period, net profit experienced a slight decline, decreasing from Rs. 2.7 crores to Rs. 2.54 crores, reflecting a QoQ decrease of approximately 7.4%.

In terms of financial metrics, Bharat Global Developers boasts a Return on Equity (RoE) of 6.56% and a Return on Capital Employed (RoCE) of 8.55%. The company’s debt-to-equity ratio is a low 0.04.

Stock Performance:

The stock has delivered remarkable returns of nearly 4,735.5% over the past year, with approximately 448.3% returns in the last six months. In 2024 alone, shares of Bharat Global Developers have yielded multibagger returns of about 1,302.7%.