5:1 Stock Split & 1:2 Bonus Issue Announced by This Small-Cap Infra Company; Stock Gains Over 670 per cent; Must Watch!

The company's shares have delivered an impressive return of over 290 per cent to their shareholders in just 2 years.

Established in 1994, Maruti Infrastructure Ltd specializes in Real Estate Development and Construction Operations. At their meeting held on Saturday, June 22, 2024, the Board of Directors of the company deliberated and approved the following resolutions:

• Recommended the subdivision or stock split of the existing fully paid-up equity share of face value Rs 10 each into 5 equity shares of face value Rs 2 each, subject to shareholder approval.
• Proposed an increase in the authorized share capital from Rs 14,00,00,000 to Rs 20,00,00,000, along with corresponding amendments to the Capital Clause of the Memorandum of Association, subject to shareholder approval.
• Recommended a bonus issue in the ratio of 1 equity share of Rs 2 each for every 2 equity shares of Rs 2 each held by shareholders as on the record date, subject to shareholder approval.

As per Quarterly Results in Q4 FY24, Maruti Infrastructure reported a quarterly revenue from operation of Rs 11.97 crore compared to a revenue of Rs 13.44 crore, representing a de-growth on a YoY basis. The net loss of the company stood at Rs 1.01 crore in Q4 FY24 compared to a net profit of Rs 0.71 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 38.40 crore, compared to Rs 35.18 crore in FY23 representing a gain of 9.15 per cent YoY. Moreover, the company’s net profit stood at Rs 1.22 crore in FY24 compared to a profit of Rs 1.01 crore.

On Friday shares of Maruti Infrastructure closed the day at Rs 215.40 per share on the BSE. Additionally, the stock has delivered a multibagger return of over 670 per cent in just 3 years.

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

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