10:1 Stock Split: Small Cap Company Sets Record Date for Share Subdivision; Complete Details Inside

10:1 Stock Split: Small Cap Company Sets Record Date for Share Subdivision; Complete Details Inside

Rakesh Deshmukh

The company shares have delivered an impressive return of over 800 per cent to its shareholders.

Incorporated in 1993, Rushil Decor Ltd manufactures and markets laminate sheets, medium-density fibreboard (MDF), pre-laminated MDF boards, and polyvinyl chloride (PVC) board. The company has scheduled Friday, August 9, 2024, as the "Record Date" to determine entitlement for equity shareholders regarding the subdivision or stock split of existing equity shares. Each current fully paid-up equity share with a face value of Rs 10 will be subdivided into 10 fully paid-up equity shares with a face value of Re 1 each.

On Friday Rushil Decor Ltd shares closed the day at Rs 344.15 per share on the BSE. The current market capitalization of the company stands at Rs 913.43 crore. Additionally, the stock has delivered a multibagger return of around 20 per cent in the past 1 year.

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As per Quarterly Results in Q4 FY24, Rushil Decor Ltd reported a quarterly revenue from operation of Rs 233.43 crore compared to a revenue of Rs 213.92 crore, representing a growth on a YoY basis. The net profit of the company stood at Rs 9 crore in Q4 FY24 compared to a net profit of Rs 13.56 crore. In FY24 the company reported a revenue of Rs 844 crore representing a gain of 1 per cent YoY compared to Rs 838 crore. The company’s operating profit reached Rs 120 crore compared to Rs 149 crore while the operating profit margin stands at 14 per cent. The company’s net profit stood at Rs 43 crore compared to Rs 78 crore in FY24.

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

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

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