5:1 Stock Split Announced by This Multibagger Microcap Company; Stock Gains Over 3,700 per cent in Just 5 Years!
The company’s shares have delivered a multibagger returns over 800 per cent in the past 3 years only.
Incorporated in 1994, Contil India Ltd specializes in the export of food and grocery items. The company primarily markets products under its own brand, Contil, and also distributes goods from well-known brands such as MTR, Ramdev, Badshah, and Everest. Contil India's products are shipped to Canada and various locations across North America, where they are available in supermarkets, malls, hotels, restaurants, motels, and Indian stores. Currently, the company is developing a strategic plan to expand its export reach into additional territories in the USA and Canada.
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At its meeting held on Friday, August 02, 2024, the Board of Directors of the Company approved the sub-division (or stock split) of the company's equity shares. The shares, which currently have a face value of Rs 10 each, will be split into 5 shares with a face value of Rs 2 each. This action is subject to regulatory/statutory approvals and the approval of the shareholders as required under Section 61 of the Companies Act, 2013.
On Friday shares of Contil India Ltd closed at around Rs 190.05 per share. The company’s current market capitalization stands at Rs 58.81 crore.
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As per the Quarterly Results, in Q4 FY24, Contil India Ltd recorded a revenue of Rs 6.94 crore. The operating profit for Q4 FY24 stood at Rs 0.39 crore along with an operating profit margin of 5.62 per cent. The net profit for Q4 FY24 stood at Rs 0.47 crore compared to Rs 0.04 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 28.24 crore in FY24. The operating profit for FY24 was Rs 0.59 crore with a net profit of Rs 1.41 crore compared to a net profit of Rs 0.62 crore in FY23.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.