Anil Kumar Goel-Backed Smallcap Company Likely to Announce Stock Split on July 20; FIIs Makes Fresh Entry, Keep this on Your Radar!
The company’s shares have delivered an impressive return of over 900 per cent in the past 5 years.
Sportking India Limited, a prominent member of the Sportking Group, specializes in textile manufacturing encompassing Yarns (Cotton, Synthetic, and Blended), fabrics, and garments. A meeting of the Board of Directors is scheduled for Saturday, July 20, where they will discuss the following agenda:
1. Review and approval of the Unaudited Financial Results for the quarter ending June 30, 2024.
2. Consideration and approval of a proposal for the Sub-Division or stock split of the Company's Equity Shares, to be determined by the Board of Directors and subject to shareholder and regulatory approvals as per Section 61 of the Companies Act, 2013.
3. Any other business with the Chairman's permission.
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Today Sportking India Limited shares closed at around Rs 926 per share. The company’s current market capitalization stands at Rs 1176.69 crore. The stock has delivered a multibagger return of over 900 per cent in just 5 years.
As per the Quarterly Results, in the fourth quarter of FY24, Sportking India Limited recorded a revenue of Rs 611 crore. The operating profit for Q4 FY24 stood at Rs 67 crore. The net profit for Q4 FY24 was Rs 23 crore. Looking at the annual performance, the company generated a revenue of Rs 2377 crore in FY24, compared to Rs 2204 crore in FY23. The operating profit for FY24 was Rs 205 crore, with a net profit of Rs 70 crore compared to the price of Rs 132 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.