3,125 per cent returns in this multibagger stock; Board announced stock split!

The stock gave multibagger returns of 3,125 per cent in just 3 years.

M K Proteins Ltd informed that the Board of Directors of the company has approved a 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 company fixed the record date as Friday, November 10, 2023.

Earlier, the company issued bonus shares in the ratio of 2:1 which means that shareholders had received 2 bonus shares for each share held by the existing shareholder. The corporation verified that the record date for the issuance of bonus shares is Friday, February 03, 2023.  

On Monday, shares of M K Proteins Ltd plunged 4.36 per cent to Rs 808 per share from its previous closing of Rs 844.80 with an intraday high of Rs 854.75 and an intraday low of Rs 807.10.

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 Q1FY24, the company reported net sales of Rs 76.20 crore and a net profit of Rs 2.49 crore. 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 1,000 crore. The shares of the company have an ROE of 24 per cent and a ROCE of 20 per cent with a 3-year CAGR of 212 per cent respectively. The stock gave multibagger returns of 3,125 per cent in just 3 years. Investors should keep an eye on this multibagger stock.

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