2:1 bonus share after 10:1 stock split: Multibagger penny stock below Rs 45 with 1,460 per cent returns; PAT zooms over 500 per cent!

The shares of the company have an ROE of 24 per cent and an ROCE of 20 per cent with a 3-year CAGR of 150 per cent respectively.

M K Proteins Ltd informed that the Board of Directors of the company has approved bonus shares in the ratio 2:1 i.e. 2 (two) equity shares for every 1 (One) equity share having a face value of R 1. The company fixed the record date for bonus shares as Friday, March 15, 2024.

Earlier, the shares of the company ex-traded stock split /sub-division of 1 equity share of the company having a face value of Rs 10 each into 10 equity shares of the company having a face value of Rs 1 each. The ex-record date for the stock split was Friday, November 10, 2023.

Today, shares of M K Proteins Ltd plunged 5 per cent to Rs 41.15 per share from its previous closing of Rs 43.31 with an intraday high of Rs 42.99 and an intraday low of Rs 41.15. The stock’s 52-week high is Rs 100 while its 52-week low is Rs 35.07.

M K Proteins Limited owns and operates an edible oil production plant. The company produces and refines rice bran, canola, soya bean, and sunflower oil. M K Proteins serves customers in India.

According to Quarterly Results and annual results, the company reported positive numbers. In Q3FY24, the net sales increased by 405 per cent to Rs 68.86 crore and the net profit increased by 505 per cent to Rs 2.48 crore compared to Q2FY24. In FY23, the net sales increased by 23 per cent to Rs 315 crore and net profit increased by 10 per cent to Rs 11 crore compared to FY22.

The company has a market cap of over Rs 500 crore. The shares of the company have an ROE of 24 per cent and an ROCE of 20 per cent with a 3-year CAGR of 150 per cent respectively. The stock gave multibagger returns of 1,460 per cent in just 3 years.

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