Surat-based textile company SG Mart Ltd has become a multibagger stock giving excellent returns to investors. The price of this stock was around Rs 94 in 2021, which has now increased to Rs 11,598 by January 15, 2024.

The value of BSE listed stocks has increased manifold in the last one year. In the last one year, this stock has given returns of more than 2600%. If an investor had invested Rs 1 lakh in this share three years ago, today it would have become more than Rs 1 crore. The stock is up more than 12,200% over the past three years.

The share price of SG Mart has increased by 42 percent in the last one month while the price has increased by more than 65 percent in the last three months.

Six months ago, the price of this share was at the level of Rs 2,271, which has now become 400 percent more than the current price of Rs 11,598.

In the quarter ending December 31, 2023, the company’s revenue increased by 47,903 percent on an annual basis to Rs 748.26 crore. It was only Rs 1.56 crore in the same quarter a year ago. The company’s net profit in Q3FY24 stood at Rs 17.19 crore. Notably, the company had reported zero profit in the December quarter of FY22.

Amidst excellent returns, the company has announced a bonus share issue. SG Mart recently informed the stock exchanges that its board of directors has approved the proposal for stock split and issue of bonus shares. The company’s board has approved the issue of 1:1 bonus shares to its eligible shareholders.

The company is engaged in manufacturing and supplying textile products.