25/06/2025
String Metaverse Ltd has made history on the Bombay Stock Exchange (BSE) by achieving 56 consecutive trading sessions of upper circuit, a record never seen before on the BSE. The company's market capitalization has surpassed ₹2,000 crore, driven by robust fundamentals, strategic vision, and investor confidence and *Blessings of Lord Balaji*
Key Highlights:
- Record-Breaking Performance: 56 consecutive upper circuit trading sessions on the BSE
- Market Capitalization: Over ₹2,000 crore
- Free Float: More than 2 crore shares, exceeding the total equity of many publicly listed Indian companies
- Web3 Focus: String Metaverse is a pioneering Web 3.0 enterprise, integrating finance, games, and communities into the Web3 ecosystem
Financials:
- FY2024 Profit: ₹35 crore
- Trailing PE: Approximately 57x
- Forward PE: 20-25x, based on internal forecasts targeting 100% CAGR net profit growth
Comparison to Peers:
- Nazara Technologies: A partial comparison in the gaming sector, trading at 130x earnings with a net profit of ₹65 crore and a market cap of ₹12,000 crore
Investor Confidence:
- Rights Issue: The company's rights issue was overwhelmingly oversubscribed, raising ₹49.25 crore and demonstrating strong investor confidence
- Growth Strategy: String Metaverse focuses on building real profit-generating businesses with high scale and low operational cost, targeting 100% CAGR net profit growth.
#2025