2:1 bonus share & 10:1 stock split: 4,775 per cent returns in this multibagger penny stock at Rs 1.95; Company fixed record date for special dividend

According to the shareholding pattern, promoters of the company only own a 17.74 per cent stake while an 82.26 per cent stake is owned by the public.

Today, shares of Standard Capital Markets Limited gained 3.72 per cent to Rs 1.95 per share from its previous closing of Rs 1.88. The stock’s 52-week is Rs 3.52 and its 52-week low is Rs 1.15.

The Board of Directors of Standard Capital Markets Ltd. proposed a hike in the company's authorised share capital from Rs 150 crore to Rs 200 crore, subject to shareholder approval. This would involve issuing an additional 50 crore equity shares of Rs 1 each. Additionally, they proposed a preferential issue of 26 crore new equity shares (face value of Rs 1 each) at Rs 2.72 per share to settle outstanding unsecured loans of Rs 70.72 crore. Shareholders will also vote on a special interim dividend of Rs 0.01 per share for the financial year 2023-24. The date to determine shareholder eligibility for the dividend has been changed from May 10, 2024, to May 13, 2024.

Established in 1987, Standard Capital Markets Ltd is a NBFC company registered with the RBI. They offer a variety of financial services including advisory (negotiations, project identification etc.), arbitration & mediation, due diligence, commercial contract services (drafting agreements etc.), litigation assistance, and even licensing (company incorporation, import/export licenses etc.). With a strong track record and recent 100 per cent CAGR profit growth over the last 5 years, they've established a wholly-owned subsidiary, Standard Capital Advisors Limited, to expand their reach into merchant banking activities.

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The company's financial performance has been on a steep upward trajectory. In Q3FY24, net sales shot up by 94.4 per cent to Rs 5.78 crore, operating profit rose 243.7 per cent and net profit skyrocketed 647.8 per cent to Rs 3.32 crore compared to Q3FY23. This strong performance continued throughout the first nine months of FY24 (9MFY24) with net sales increasing by 272.2 per cent to Rs 16.70 crore and net profit soaring 1,203 per cent to Rs 8.20 crore compared to 9MFY23.

Looking at the half-yearly results (H1FY24), net sales surged an impressive 426 per cent to Rs 10.92 crore, and net profit witnessed a phenomenal leap of 2,560 per cent to Rs 4.90 crore year-over-year. This positive trend extended to the full fiscal year FY23, where net sales jumped a significant 2,093 per cent to Rs 8.05 crore and net profit witnessed a remarkable 2,584 per cent growth to Rs 2.23 crore compared to FY22.

The company's shares undergo a 2:1 bonus share and stock split from Rs 10 to Rs 1 on the ex-date i.e., December 29, 2023. According to the shareholding pattern, promoters of the company only own a 17.74 per cent stake while an 82.26 per cent stake is owned by the public. From Rs 0.04 to Rs 1.95 per cent, the stock gave multibagger returns of 4,775 per cent in 3 years.

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