1,600 per cent returns & Rs 4,287.1 crore order book: Board likely to announce stock split & dividend; scrip trades at high ROE & high ROCE
The stock gave multibagger returns of 465 per cent in just 3 years and a whopping 1,600 per cent in a decade.
WPIL Ltd informed that a meeting of the Board of Directors of the company will be held on Saturday, May 25, 2024, to inter alia,
- Consider, approve and take on record, the Audited Financial Results of the company, for the Quarter and year ended March 31, 2024.
- May consider recommending the final dividend for the financial year 2023-24.
- Proposal of sub-division/ stock split of equity shares of the company, having a face value of Rs 10 each, in such manner, as may be determined by the Board of Directors along with other allied matters, subject to such regulatory/ statutory approval as may be required, including the approval of the shareholders of the company.
Today, shares of WPIL Ltd surged 1.92 per cent to Rs 3,819.95 per share from its previous closing of Rs 3,747.95. The stock’s 52-week high is Rs 4,624.60 and its 52-week low is Rs 2,436.10. The company’s order book stands at Rs 4,287.1 crore as of December 31, 2023.
Also Read: Rs 2,400 crore order book & DIIs increase stake: Back-to-back upper circuits & 52-week highs in this multibagger pumps stocks; PAT zooms over 3,900 per cent!
Incorporated in 1952 by Johnston Pump Company Inc., USA, WPIL Ltd is engaged in the entire value chain of Pumps & Pumping Systems from concept to commissioning and execution of water supply projects on a turnkey basis for industrial units, power utilities, irrigation departments, etc. clients include irrigation departments of various states like Telangana, Madhya Pradesh, central utilities, large PSUs, and various private sector entities.
WIPL Ltd has a market cap of Rs 3,725 crore and reported excellent numbers in its Quarterly Results (Q3FY24) and annual results (FY24). The shares of the company have an ROE of 26 per cent and an ROCE of 29 per cent. The stock gave multibagger returns of 465 per cent in just 3 years and a whopping 1,600 per cent in a decade. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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