6,500 per cent returns in this multibagger stock & FIIs increase stake: Board announces stock split for the first time; don’t miss the record date!

The stock gave multibagger returns of 230 per cent in 3 years, 730 per cent in 5 years and a whopping 6,500 per cent in a decade.

Cantabil Retail India Ltd informed that the Board of Directors of the company have approved a stock split / sub-division of every 1 equity share having a nominal/face value of Rs 10 each to be sub-divided into 5 equity shares having nominal/face value of Rs 2 each. The company fixed the record date for the stock split of shares as Thursday, November 2, 2023.

The reason behind the stock split is to boost the stock's liquidity and make it affordable for small investors.

Cantabil Retail India Ltd was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000. As of now, online sales generate 1 per cent of the company's total revenue and the company expects online business to grow to nearly 5 per cent in the next 3-4 years. The company has established a 1.5 lakh sq. ft. state-of-the-art manufacturing facility in Bahadurgarh, Haryana with a capacity to produce 10 lakh garment pieces/per annum.

On Monday, shares of Cantabil Retail India plunged 4.83 per cent to Rs 1,077.40 per share with an intraday high of Rs 1,169 and an intraday low of Rs 1,070. The company has a market cap of Rs 1,760 crore and has delivered good profit growth of 29.5 per cent CAGR over the last 5 years.

The shares of the company have an ROE of 35.2 per cent and an ROCE of 25.3 per cent. The stock gave multibagger returns of 230 per cent in 3 years, 730 per cent in 5 years and a whopping 6,500 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.