High ROE & high ROCE multibagger stock, Board announced bonus shares!
The stock gave multibagger returns of 135 per cent in just 1 year whereas BSE Small-cap Index is just up by 19.60 per cent.
Aptech Ltd informed that the Board of Directors of the company has approved bonus shares in the ratio of 2:5 i.e., 2 bonus equity shares of Rs 10 each for every 5 fully paid-up equity shares of Rs 10 each held by the members of the company on the record date. The company verified the record date for bonus shares as Thursday, July 06, 2023.
On Tuesday, shares of Aptech Ltd zoomed 0.49 per cent to Rs 530.70 per share from its previous closing of Rs 528.10 with an intraday high of Rs 544.90 and an intraday low of Rs 526.
Aptech Ltd. provides computer training and multimedia services. The company owns as well as franchises IT training centres in India and abroad. Recently, the company announced an interim dividend of Rs 6 (60 per cent) per Equity Share (of the face value of Rs 10 each) which had a record date of June 01, 2023.
DSIJ offers a service 'multibagger Pick" with recommendations for multibagger stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
According to the financials, the company reported excellent numbers in its Quarterly Results and annual results. The net sales increased by 173.84 per cent and the net profit increased by 26.92 per cent in Q4FY23 over Q4FY22. In FY23, net sales increased by 103.11 per cent and net profit increased by 38.77 per cent over FY22. The stock has a ROE of 30 per cent and a ROCE of 35 per cent.
The stock gave multibagger returns of 135 per cent in just 1 year whereas BSE Small-Cap Index is just up by 19.60 per cent. Investors should keep Aptech Ltd company’s stock under the radar.