1:1 Bonus Shares Announced by This Micro-Cap Multibagger Company; Stock Gains Over 250 Per cent!

The company shares have delivered an impressive multibagger return of around 270 per cent in the past 2 years.

Incorporated in 2009, Walpar Nutritions Ltd engages in the manufacturing and trading of pharmaceutical, nutraceutical, herbal, and Ayurvedic products. In a board meeting held today, July 5, 2024, at the company's registered office, has approved the issuance of bonus shares with a face value of Rs. 10/- (Rupees Ten) each, in the ratio of 1 (One) equity share for every 1 (One) existing equity share held by shareholders of the company as on the record date, subject to the approval of shareholders at a General Meeting.

Today shares of Walpar Nutritions Ltd closed the day at Rs 125.40 per share on the NSE. The current market capitalization of the company stands at Rs 58.88 crore. Additionally, the stock has delivered a multibagger return of around 269 per cent in the past 2 years.

As per Quarterly Results in Q4 FY24, Walpar Nutritions Ltd reported a quarterly revenue from operation of Rs 31.38 crore compared to a revenue of Rs 18.69 crore, representing a growth on a YoY basis. The net profit of the company stood at Rs 1.29 crore in Q4 FY24 compared to a net profit of Rs 1.14 crore.

The company specializes in manufacturing and selling nutraceutical and herbal dietary supplement formulations, and ingredients, and conducting research in this field. It produces private label brands for various companies as well as its own brands, distributing them through online platforms and direct sales channels. Additionally, the company serves as a specialized contract manufacturer for various formulations in the nutraceuticals and herbal products sector.

Investors must keep this micro-cap stock on their radar.

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