10:1 Stock Split: Company Announces Record Date for Share Split; Promoters Bought 28,708 Shares & FIIs Purchased 65,245 Shares!

The company’s shares have delivered an impressive multibagger returns of over 115 per cent in just 1 year.

PG Electroplast Limited (PGEL), the flagship company of the PG Group, originated in 2003 as a prominent Indian Electronic Manufacturing Services provider. It specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM), and Plastic Injection Molding, serving over 50 leading Indian and global brands.

The company has designated Wednesday, July 10, 2024, as the "Record Date" to determine shareholder eligibility for the subdivision or stock split of existing equity shares. Each current equity share with a face value of Rs 10 will be subdivided into 10 equity shares with a face value of Rs 1 each, fully paid up.

Share Performance:

Today PG Electroplast Limited (PGEL) shares closed the day at Rs 3368.45 per share. The company’s current market capitalization stands at Rs 8790.93 crore. The stock has delivered a multibagger return of over 115 per cent in just 1 year only.

Financial performance:

According to the Quarterly Results, in Q4 FY24, PG Electroplast Limited (PGEL) reported a revenue of Rs 1077 crore and an operating profit of Rs 116 crore. The operating profit margin for the quarter stands at 11 per cent. The company’s net profit stood at Rs 70 crore. In FY24, the company reported a revenue of Rs 2746 crore compared to Rs 2160 crore, and a net profit of Rs 135 crore, compared to a profit of Rs 77 crore in the previous year.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.