1:5 Stock split announcement: This multibagger financial service provider has announced stock split along with dividend; Promoters bought 12,82,272 shares!

The company's shares have delivered a multibagger return of over 2,500 per cent in the past five years.

Share India Securities Limited is a financial service provider leveraging technology to deliver tailored capital market solutions to its clients. Its offerings include equity broking, currency and commodity derivatives, depository participant services, mutual fund advisory, and distributorship, among others. The company has announced its earnings along with stock splits and dividends.

Stock Splits and Dividends announced by Share India Securities Limited

The Board has approved the stock split of each equity share of the company, with a face value of Rs 10 each, into 5 (Five) equity shares with a face value of Rs 2 each. Furthermore, a final dividend of Rs 1 per equity share, with a face value of Rs 10 each, has been recommended for the financial year ending March 31, 2024.

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Annual Financial Performance of Share India Securities Limited

Share India Securities Limited has demonstrated significant financial growth in the fiscal year 2024 compared to the previous fiscal year. In FY24, the company's income surged to Rs 1,482.81 crore, marking a remarkable increase of 36 per cent from Rs 1,088.23 crore in FY23. Similarly, the profit also witnessed a notable upswing, reaching Rs 425.75 crore in FY24, reflecting a growth of 29 per cent from Rs 330.65 crore in FY23. This substantial improvement in both income and profit highlights the company's strong performance and financial stability during the specified period. Looking at the segment-wise revenue:

• The Share Broking/Trading Business segment experienced significant revenue growth, increasing from Rs 989.1489 crore in FY23 to Rs 1374.9959 crore in FY24, representing an impressive growth rate of 39 per cent.
• In the Insurance segment, revenue surged from Rs 3.7664 crore in FY23 to Rs 6.6375 crore in FY24, indicating a remarkable growth of 76 per cent.
• The Merchant Banking segment exhibited exceptional performance, with revenue soaring from Rs 1.2938 crore in FY23 to Rs 18.8104 crore in FY24, showcasing an extraordinary growth rate of 1354 per cent.
• However, the NBFC segment experienced a slight decline in revenue, decreasing from Rs 85.2885 crore in FY23 to Rs 75.2037 crore in FY24, representing a decrease of 12 per cent.
• Similarly, the Technology Services segment witnessed a decrease in revenue, dropping from Rs 20.2049 crore in FY23 to Rs 13.1012 crore in FY24, reflecting a decline of 35 per cent.

Share Performance of Share India Securities Limited

Today the company’s stocks closed the day at Rs 1696.60 per share representing a fall of 0.41 per cent today. The current market capitalisation of this company stands at Rs 6592 crore.

Shares of this Small-Cap company have delivered impressive returns of around 40 per cent in the past one year and multibagger returns of 2,523 per cent in the past five years.

Investors must keep this small-cap multibagger stock on their radar.

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