Did You Know: Mkt cap of this co jumped 25000% in 10 mths

This week’s ‘Did You Know’ segment focuses on a company whose market cap has surged from 5 crore to a whopping 1,170 crore in the last 10 months.

The stock Atlas Jewellery India’s current market cap stands at Rs 1,170 crore and zoomed from 25000 percent since December 2013.

Formerly known as Gee El Woollens Limited, Atlas has 45 showrooms in UAE, Qatar, Oman, Bahrain, Saudi Arabia, Kuwait and India. Its website claims that the vision of the company is offering luxury jewellery at an affordable price. However, the financials don't reflect that at all. It was only in 2014 when company did sales worth Rs 73 crore. In the last four-five years, there were no sales. It was only in 2014 when the company reported a profit of Rs 1.6 crore.

The shareholding pattern is very interesting for this company. Promoter holding is 51.3 percent, four foreign corporate bodies own 46 percent stake in this company. It is only these five entities put together who own nearly 97 percent of the entire equity of this company.