Debt-Free Micro-Cap Stock to Keep Under Radar as Board Announces Stock Split From Rs 10 to Rs 2
The stock is up by 23 per cent from its 52-week low of Rs 1,087.30 per share.
Mazda Limited has proposed a sub-division or split of its existing Rs. 10 face value equity shares into five Rs. 2 face value equity shares. This proposal is subject to shareholder approval. The record date for this sub-division/split will be determined in due course.
Mazda Limited, a well-established engineering and food manufacturing company, has been operating since 1990. It specializes in producing a diverse range of products, including vacuum systems, condensers, heaters, vacuum pumps, reformers, hotshot pumps, testing equipment, evaporators, crystallizers, and air pollution control systems. These products cater to various industries such as refineries, petrochemicals, power, fertilizers, chemicals, bulk drugs, sugar and food, pulp and paper, and more.
In addition to engineering products, Mazda Limited also manufactures and markets food products like Jams, Squashes, Baking Powder, etc., under the brand name "B-Cool." The company's strong domestic presence is complemented by its significant export business, reaching over 40 countries worldwide. With a focus on quality and innovation, Mazda Limited has established itself as a reliable supplier to renowned clients like Siemens Limited, SRF Limited, Triveni Turbine Limited, Lupin Limited, and Vedanta Limited. The company's five manufacturing units in Ahmedabad, Gujarat, enable it to efficiently produce and deliver its wide range of products to both domestic and international markets.
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The company has a market cap of over Rs 500 crore and as of March 31, 2024, the company is debt-free. On Thursday, shares of Mazda Limited plunged 2.07 per cent to Rs 1,336.45 per share from its previous closing of Rs 1,364.65 per share. The stock is up by 23 per cent from its 52-week low of Rs 1,087.30 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.