King of Returns: How Sportking Bagged 1002% Returns In 2 Years
If you had invested ₹1 lakh in Sportking in September 2020, then you could have had ₹10 lakhs today! This multibagger gave its investors 1002% returns in just 2 years. Let’s take a quick peek at the company.
👕 Stock Name: Sportking India Ltd.
👕 NSE: $SPORTKING
⭐ About The Company
Established in 1977, Sportking India is a part of the Sportking Group which has emerged as India’s leading vertically integrated textile conglomerate. It has shown tremendous development in yarns, fabrics, garments and retail businesses.
Sportking today owns seven state-of-the-art manufacturing facilities in India that make yarns and garments which are exported to international markets as well. Besides manufacturing facilities, it also owns over 100 retail garment stores in India.
They export to destinations like:
🌍 Hong Kong
Their clients include:
👚 Marks & Spencer and more
🔑 Strategic Division
The strategic business division of the organisation is the yarn division, which manufactures:
🧵 Poly-Cotton Yarns
🧵 Cotton Yarns
🧵 Acrylic Yarns
🧵 Fancy Yarns
🧵 Polyester Yarns
They also supply knitted fabric and manufacture garments for men, women, girls and boys that are sold through their retail outlets.
🌱 A Step Towards Sustainability
It has approved the project of a rooftop solar power of 20 MW capacity at its existing factory units for captive consumption.
The promoters have increased their shareholding by 5% between June 2020 to Sept 2021.
Stock Value 💰
On September 15, 2020, the shares of the company were trading at ₹80.05, while they were priced at ₹882.65 as of September 14, 2022.