2:1 Bonus issue announcement: This iron and steel company announced bonus shares, stock gains over 4,500 returns!

The company's shares have delivered a return of around 165 per cent to their shareholders.

Incorporated in 1989, this Small-Cap company specializes in the production of structural metal products. The company fabricates a diverse array of metal structures and components, providing heavy steel structures and equipment fabrication and supply services. Alliance Integrated Metaliks Limited has made a significant announcement regarding the bonus issue.

Bonus Share Announced by Alliance Integrated Metaliks

The Board of Directors has proposed the issuance of Bonus Shares in the ratio of 2:1, 2 (two) new fully paid-up bonus equity share of Rs. 1/- (Rupees One only) each for every 1 (one) existing fully paid-up equity share of Rs. 1/- (Rupees One only) each, owned by eligible shareholders as of the Record Date (to be determined by the Board and to be communicated to the Exchanges in due course), subject to the requisite approval of the Company's members.

Share Performance and Financial Performance of Alliance Integrated Metaliks

On Friday, the company's stock closed at around Rs 71.79 per share on the BSE, with a market capitalisation of Rs 945 crore. Additionally, the stock has delivered a multibagger return of over 4500 per cent in the past 3 years only.

As per Quarterly Results, the company reported a revenue of Rs 24 crore, while it reported a net loss of Rs 19 crore. In FY24, the company reported a revenue of Rs 68 crore compared to Rs 59 crore, while a net profit of Rs 64 crore compared to a 12 crore profit in FY23.

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

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