4:1 Bonus Share & 10:1 Stock Split: Company Announces Record Date as July 06, Stock Hits Upper Circuit Today!

The company’s shares have delivered an impressive return of over 1300 per cent in just 3 years.

Incorporated in 1942, Kaycee Industries Ltd specializes in manufacturing industrial electrical switches, mechanical counters, electrical components, and related products. The company has set July 06, 2024, as the record date for the following purposes, pending shareholder approval through a postal ballot:

• Sub-division/Splitting of existing equity 1 share of Rs 100 each into 10 (Ten) equity shares of Rs 10 each.
• Issuance of bonus equity shares at a ratio of 4:1, i.e., for every 4 (four) fully paid-up bonus equity shares of Rs 10 each shareholder will receive 1 (one) fully paid-up equity share held as of the record date.

The company is a subsidiary of Salzer Electronics Ltd and serves as an electrical product manufacturer and solutions provider across diverse industries and sectors. These include the power sector, panel builders, machine tool manufacturers, telecom industry, renewables sector, and more.

Share Performance:

Today the shares of Kaycee Industries Ltd closed the day at Rs 52780.50 per share. The company’s current market capitalization stands at Rs 335 crore. The stock has delivered a multibagger return of over 320 per cent in the past 1 year and over 1300 per cent in the past 3 years.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Kaycee Industries Ltd reported a revenue of Rs 13.47 crore and an operating profit of Rs 2.17 crore. The operating profit margin for the quarter stands at 16.11 per cent. The company’s net profit stood at Rs 1.57 crore. In FY24, the company reported a revenue of Rs 48.81 crore compared to Rs 41.50 crore, and a net profit of Rs 4.49 crore, compared to a profit of Rs 3.49 crore in the previous year.

Investors must keep this Small-Cap stock on their radar.

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