Small-Cap Multibagger Company to Announce Bonus Shares; Meeting Scheduled for June 29; Stock Hit Upper Circuit and 52-Week High Today!

The company's shares have delivered an impressive return of over 230 per cent to their shareholders in just 1 year.

GRP Ltd established in 1974, is a manufacturer of reclaimed rubber from used tyres, upscaled polyamide from nylon waste, and engineered products die-cut from end-of-life tyres. The company has announced via press release that the meeting of the Board of Directors of GRP Limited is scheduled to be held on Saturday, 29th June 2024. The agenda includes consideration of the issue of bonus shares to the equity shareholders of the company.

Today shares of GRP Ltd closed the day at Rs 12063.30 per share on the BSE. The current market capitalization of the company stands at Rs 1607 crore. Additionally, the stock has delivered a multibagger return of over 230 per cent in just 1 year.

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As per Quarterly Results in Q4 FY24, GRP Ltd reported a quarterly revenue from operation of Rs 138 crore compared to a revenue of Rs 96 crore, representing a growth on a YoY basis. The net profit of the company stood at Rs 12 crore in Q4 FY24 compared to a net profit of Rs 3 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 461 crore, compared to Rs 451 crore in FY23 representing a gain of 2.30 per cent YoY. Moreover, the company’s net profit stood at Rs 23 crore in FY24 compared to a profit of Rs 14 crore.

Regarding the shareholding pattern of GRP Ltd, the promoters own 40.36 per cent of the company and the public or retail investors hold 59.64 per cent.

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

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