1:4 Bonus Issue Announced by This Multibagger Smallcap Company: Stock Gains Over 240 Per cent in Just 1 Year, DIIs Makes Fresh Entry in Q1 FY25!
The company’s shares have delivered a multibagger return of over 240 per cent in just 1 year.
Incorporated in 1991, Mindteck Ltd provides engineering and IT services. It specializes in embedded systems, enterprise applications, testing, and professional services for Fortune 1000 companies, start-ups, universities, and government entities globally.
The Board of Directors has recommended issuing bonus shares to the shareholders in a 1:4 ratio which means 1 new fully paid-up equity share of Rs 10 each for every 4 existing fully paid-up equity shares of Rs 10 each. This recommendation is subject to approval. The bonus shares will be allocated to eligible shareholders as of the Record Date.
Today Mindteck Ltd shares closed at around Rs 420.15 per share. The company’s current market capitalization stands at Rs 1070 crore. The stock has delivered a multibagger return of over 240 per cent in just 1 year.
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As per the Quarterly Results, in the First quarter of FY25, Mindteck Ltd recorded a revenue of Rs 108.15 crore. The operating profit for Q1 FY25 stood at Rs 9 crore with a margin of 8.32 per cent. The net profit for Q1 FY25 stood at Rs 6.38 crore. Looking at the annual performance, the company generated a revenue of Rs 386 crore in FY24, compared to Rs 337 crore in FY23. The operating profit for FY24 was Rs 32 crore, with a net profit of Rs 27 crore.
As per the shareholding pattern, Promoters own 64.61 per cent while public holders own 35.15 per cent. FIIs and DIIs hold 0.22 per cent and 0.02 per cent respectively.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.