Double Dhamaka! Board Likely To Announce Bonus Shares & Dividend; Stock Gave 16,680 Per Cent Multibagger Returns In Just 5 Years
The stock gave multibagger returns of 600 per cent in 2 years and a whopping 16,680 per cent in 5 years.
Shilchar Technologies Limited informed that the meeting of the Board of Directors of the Company is scheduled to be held on Monday, April 21, 2025, inter alia:
- To consider and approve the Audited Financial Results of the Company for the quarter and financial year ended on March 31, 2025, along with the Auditor’s Report thereon;
- To consider and recommend the final dividend, if any, on the Equity Shares of the Company for the financial year ended on 31st March, 2025;
- To fix the date, time and mode of conducting the 39th Annual General Meeting of the Company and approve the draft notice of the ensuing Annual General Meeting thereof;
- To consider a proposal for the issue of bonus Equity Shares to the Equity Shareholders of the Company and to recommend for further approval of Shareholders in that respect; and
- To transact other businesses as per the agenda of the meeting.
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Shilchar Technologies Ltd is an Indian manufacturer specializing in transformers, catering to both the Electronics & Telecom and Power & Distribution sectors. Their established product portfolio includes a wide range of power and distribution transformers, with distribution units ranging from 5 KVA to 3,000 KVA and power transformers spanning 3 MVA to 15 MVA, positioning them as a significant player in the Indian transformer market. Notably, the company has recently expanded its operations to include the manufacturing of Ferrite transformers, indicating a strategic move towards diversifying its product offerings and potentially entering new market segments within the electronics industry.
The company has a market cap of Rs 4,500 crore with an ROE of 56 per cent and an ROCE of 75 per cent. The stock gave multibagger returns of 600 per cent in 2 years and a whopping 16,680 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.