5:1 Stock Split; Record Date Announced by This Small-Cap Multibagger Iron and Steel Company – Stock Rallies Over 5 Per cent with Volume Surge by 2.10 Times on BSE
The company’s shares have delivered an impressive return of over 60 per cent to its shareholders in the past 1 year.
Godawari Power & Ispat Limited a Small-Cap company engaged in iron ore mining and the manufacturing of iron ore pellets, sponge iron, steel billets, wire rods, H.B. wire, ferroalloys, and electricity generation, has fixed Friday, October 4, 2024, as the Record Date for the sub-division or stock split of 1 (One) Equity Share of the face value of Rs 5 each (Rupees Five Only), fully paid-up, into 5 (Five) Equity Shares of Re 1 each (Rupee One Only), fully paid-up.
Godawari Power & Ispat Limited shares closed at around Rs 991.45 per share. The company’s current market capitalization stands at Rs 13,265 crore. The stock has delivered a multibagger return of over 2,330 per cent in the past 5 years.
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As per the Quarterly Results, in Q1 FY24, Godawari Power & Ispat Limited recorded a revenue of Rs 1530 crore. The operating profit for Q1 FY24 stood at Rs 329 crore. The net profit for Q1 FY24 was Rs 219 crore. Looking at the annual performance, the company generated a revenue of Rs 5455 crore in FY24. The operating profit for FY24 was Rs 1328 crore with a net profit of Rs 936 crore.
According to the shareholding pattern of Godawari Power & Ispat Limited, promoters own 63.26 per cent of the shares, public shareholders hold 27.27 per cent, FIIs have increased their stake to 7.50 per cent from 5.54 per cent, and DIIs hold 1.96 per cent, down from 2.08 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.