KBC Global: A Promising Real Estate Company Under Rs 3 with Strong Growth Prospects
Founded in 2007, KBC Global has successfully delivered 135+ residential and commercial units in Nashik, Maharashtra, in 2024 alone. The company is expanding its presence both domestically and internationally, with a focus on sustainable development and qu
Kbc GlobalReal EstateNashikConstructionMicrocapReal Estate NewsOct 10, 2024
In September 2024, KBC Global successfully handed over possession of 13 units from various projects, including Hari Kunj Mayflower, Hari Krishna Phase IV, Hari Vishwa, and Hari Sanskruti Phase II. Since April 2024, the company has delivered a total of 135+ residential and commercial units in Nashik, Maharashtra. This includes 91 units from the Hari Kunj Mayflower project and 28 units from the Hari Krishna Phase IV project. These deliveries highlight KBC Global's consistent progress and reliability in the real estate market.
KBC Global is not just focusing on domestic growth; it is also expanding internationally. The company has a USD 12.5 million project in Liberia’s Special Economic Zone (SEZ), which will be developed by its subsidiary, KBC International Ltd. This project, scheduled to start in Q2 2025 and complete in three years, will include residential and commercial spaces. This international expansion follows a significant $20 million contract with CRJE (East Africa) Ltd, a part of China Railway Construction Group, signed in June 2024. These international projects underscore the company's global ambitions and strategic partnerships.
Financially, KBC Global has made significant strides. The company recently made a crucial payment to Capri Global Capital Ltd, reducing its debt to Rs. 3.50 crore. Additionally, an agreement with Capri to waive non-financial penal interest has further strengthened the company's financial position. KBC Global's financial health is further evidenced by its stock performance. The stock has returned 21% in a month and is currently trading at Rs 2.23, with a market cap of Rs 380 crore. The stock is trading at 0.27 times its book value, making it an attractive option for investors looking for micro-cap stocks.
Founded in 2007, KBC Global has a track record of delivering quality projects and expanding its presence in the real estate market. The appointment of Mr. Muthusubramanian Hariharan as CEO in July 2024 has added a new dimension to the company's leadership, aiming to expand both domestically and internationally. The company's ongoing projects and strategic partnerships demonstrate its commitment to creating value and contributing to economic growth.
KBC Global is a company to watch. With a focus on quality and sustainable development, the company is well-positioned for continued growth and success. Investors should keep an eye on this penny stock, as it offers promising potential for returns. However, it is important to note that this article is for informational purposes only and not investment advice.
Frequently Asked Questions
What is KBC Global's primary business?
KBC Global's primary business is real estate construction and development, including civil contracts (EPC) and related activities.
How many units has KBC Global delivered in Nashik in 2024?
KBC Global has delivered a total of 135+ residential and commercial units in Nashik, Maharashtra, in 2024.
What is the new project KBC Global is starting in Deolali, Nashik?
KBC Global is starting a new project in Deolali, Nashik, which will span over 31,998 sq. ft. and include six commercial units and twenty-two residential units.
What is KBC Global's international project in Liberia about?
KBC Global has a USD 12.5 million project in Liberia’s Special Economic Zone (SEZ), developed by its subsidiary, KBC International Ltd. The project will include residential and commercial spaces.
What is the current stock price of KBC Global?
The current stock price of KBC Global is Rs 2.23, with a market cap of Rs 380 crore.
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