Did you know about a stock whose market capitalisation surged over 800 times since March 2011, but reported less than Rs 2 crore of profit in last 10 years, and is just held by promoter and 26 individuals?
The company is Krishna Ventures -- builder and contractor for real estate projects. Its associates include Krishna Developers, hub real estate. The company and associates develop high-end commercial/residential, industrial and SEZ projects. It has completed 4 projects in Andheri, one in Nashik and has 2 more ongoing projects.
The company was earlier known as Multifarious Trading & Agencies and its website is www.krishnaventures.com.
Krishna Ventures’ market cap has surged 81,836 percent to Rs 615 crore from Rs 75 lakh in March 2011. Even the stock price has jumped a whopping 6,772 percent to Rs 569 from the levels of Rs 8.2 since March 2011.
The company has recorded total sales of Rs 3.6 crore and total profit of Rs 1.8 crore over last 10 years. Total assets now stand at Rs 20 crore and the current net worth is at Rs 12.2 crore.
A look at the company’s capital history shows that it had 50,000 outstanding shares as on March 31, 1997. It allotted preferential issue of 1 lakh shares at Rs 100 per share to Kernel Tech Networks on February 11, 2010 and also had bonus issue of 7.5 lakh shares on July 9, 2010. Thereafter, it again went ahead with preferential issue of 99 lakh shares on May 14, 2011 and announced merger with NCCL Business Ventures on July 13, 2011 and with Rudra Mahima Business Ventures on October 12, 2011.
January 25, 2014, Krishna Ventures said the company is considering disinvestment of Krishna Ventures Hospital & Krishna Ventures Realty.
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