10:1 stock split: Multibagger penny stock under Rs 60 hit upper circuit on major update; Details inside
The stock gave multibagger returns of 260 per cent in just 1 year and a whopping 2,800 per cent in 5 years.
On Wednesday, shares of RDB Infrastructure and Power Limited hit a 5 per cent upper circuit to Rs 57.09 per share from its previous closing of Rs 54.38 per share.
RDB Infrastructure and Power Limited, formerly RDB Realty & Infrastructure Limited, contributed a turnover of Rs. 67.84 Crores and a net worth of Rs. 37.42 Crores to the listed entity during the last financial year ending March 31, 2024. This unit, engaged in infrastructure and power activities, is part of a slump sale agreement dated March 4, 2025, with an expected completion date of April 30, 2025. The sale involves a consideration of Rs 60,00,00,000 to Samprati Buildcon Private Limited, a real estate company with a turnover of Rs 42,77,580 and a net worth of Rs 2,07,80,320 in the previous financial year. This transaction is outside the Scheme of Arrangement and does not constitute a related party transaction.
The rationale for the slump sale is to enhance liquidity and maintain a strong cash position for the listed entity's operations and strategic objectives. The funds generated will provide flexibility for growth opportunities and mitigate risks from market volatility. The sale is compliant with Regulation 37A of the SEBI (LODR) Regulations, 2015, which will be addressed in an upcoming Extra Ordinary General Meeting. The consideration is solely in cash, with no share exchange involved. Samprati Buildcon Private Limited is not associated with the promoter, promoter group, or group companies of the listed entity.
Additionally, the company secured two contracts from Tarmat Limited for infrastructure development at Mumbai's CSMIA. A Rs 35.40 crore contract covers perimeter road construction and strengthening, while a Rs 23.60 crore contract covers civil work for Taxiway "M" Phase-1. YMS Finance, part of RDB Infrastructure and Power's promoter group, holds a 4.63 per cent stake in Tarmat. The company also received two contracts from DVC. A Rs 7.51 crore EPC contract involves installing grid-connected rooftop solar PV plants on DVC buildings in West Bengal and Jharkhand, including equipment and five years of O&M. A Rs 42.76 lakh contract covers O&M of existing DVC rooftop solar plants (approximately 10 MWp) for five years.
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About the Company
RDB Infrastructure and Power Limited (Formally known as RDB Realty & Infrastructure Ltd), founded in 1981, is a prominent real estate & solar services-related company in India. With a strong presence in major cities like Kolkata, Mumbai, and Hyderabad, they specialise in both residential and commercial projects. Their portfolio includes high-rise apartments, integrated townships, office spaces, and shopping malls. The company is committed to quality and innovation, aiming to deliver exceptional living and working spaces. By focusing on customer satisfaction and sustainable development practices, RDB Realty & Infrastructure Ltd has established itself as a trusted name in the Indian real estate industry.
According to Quarterly Results, the net sales increased by 251 per cent to Rs 24.18 crore and net profit increased by 88 per cent to Rs 1.78 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 169 per cent to Rs 87.36 crore and the net profit increased by 23 per cent to Rs 4.38 crore in 9MFY25 compared to 9MFY24. Looking at its annual results (FY24), the company reported net sales of Rs 67 crore and a net profit of Rs 3 crore.
The company's shares ex-traded a 10:1 stock split of its equity shares. This means each existing Rs 10 face-value equity share will be divided into 10 equity shares of Re 1 each. The ex-date for the stock split was Friday, February 28, 2025. The stock’s 52-week high is Rs 61.27 per share and its 52-week low is Rs 11.59 per share. The company has a market cap of over Rs 900 crore, with promoters holding 70.42 per cent stake and the pubic owning 29.58 per cent stake. The stock gave multibagger returns of 260 per cent in just 1 year and a whopping 2,800 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.