1:1 Bonus Shares & Dividends Announced By This NSE SME Company; Sets Record Date as August 30, 2024!

1:1 Bonus Shares & Dividends Announced By This NSE SME Company; Sets Record Date as August 30, 2024!

Rakesh Deshmukh

Incorporated in 2015, Bombay Metrics Supply Chain Ltd, a Small-Cap company engaged in the trading of engineering tools, components, and supply chain management services, has recently made significant announcements.

The company has recommended a bonus share issue in the ratio of 1:1, meaning that shareholders will receive one additional equity share for every existing share they hold. The record date for this bonus share issuance is set for August 30, 2024.

Additionally, Bombay Metrics Supply Chain Ltd has declared a final dividend of Rs 0.45 per equity share with a face value of Rs 10 each for the financial year 2023-24.

On Friday, the shares of Bombay Metrics Supply Chain Ltd closed at around Rs 128 per share on the BSE. The company’s current market capitalization stands at Rs 78.81 crore.

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As per the Quarterly Results, in the Q4 FY24, Bombay Metrics Supply Chain Ltd recorded a revenue of Rs 43.69 crore compared to Rs 26.70 crore. The operating profit stood at Rs 3.83 crore. The net profit stood at Rs 2.58 crore compared to a profit of Rs 0.81 crore. Looking at the annual performance, the company generated a revenue of Rs 85.68 crore in FY24. The operating profit for FY24 was Rs 4.96 crore with a net profit of Rs 3.39 crore compared to a net profit of Rs 2.75 crore in FY23.

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Investors must keep this stock on their radar.

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

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