52-week high alert; Board announced bonus shares and dividends!

Shares of this company have gained more than 70 per cent in the last six months.

On Thursday, shares of Roto Pumps Limited gained over 11.14 per cent hitting a fresh 52 week high. In the last five trading sessions, the stock has gained about 20 per cent. While in the last six months the stock has gained more 70 per cent.

Recently, Roto Pumps Limited informed in the exchange filling that the company’s board has approved and recommended one fully paid-up equity shares with a face value Rs 2.00 for every fully paid up every equity share with a face value Rs 2.00 held by the company’s members on the record date, which is July 8, 2023.

The board has also approved a final dividend at the rate of Rs 3.15 per share (157.50 per cent) on equity shares with a face value of Rs 2.00 each for the financial year ended March 31, 2023. The dividend will be credited on the record date, which is July 8, 2023, if declared by the shareholders at the upcoming Annual General Meeting.

In Q4FY23, the company’s revenue stood at Rs 71.96 crore, showing a YoY growth of 46.18 per cent. The operating profit of the company stood at Rs 19.09, growing by 48.02 per cent YoY, while the company’s PAT grew by 57.89 per cent YoY, reaching at Rs 11.01 crore.

Roto Pumps is the pioneer manufacturer of progressive cavity pumps in India. Investors should keep a close eye on this stock.