Debt-free multibagger stock to keep under radar as Board announce 5:1 stock split; Check record date inside
The stock gave multibagger returns of 155 per cent in just 1 year, 850 per cent in 3 years and a whopping 4,850 per cent in a decade.
Contil India Ltd has announced that its Board of Directors will meet on Friday, November 15, 2024, to determine the eligibility of shareholders for a proposed subdivision/split of each existing equity share with a face value of Rs 10 into five fully paid-up equity shares with a face value of Rs 2 each. This means that each shareholder will receive five new equity shares for every one equity share they currently hold.
On Wednesday, shares of Contil India Ltd plunged 0.16 per cent to Rs 253 per share from its previous closing of Rs 253.4. The stock’s 52-week high is Rs 330.70 per share while its 52-week low is Rs 92.45 per share. The company's shares saw a spurt in volume by more than 2.17 times on BSE.
Contil India Ltd, established in 1994, is an Indian company that exports a wide variety of food and grocery items. Their product range includes spices, cereals, pulses, beauty products, Ayurvedic health items, cookware, and even branded goods. They primarily sell under their own Contil brand but also distribute established brands like MTR, Ramdev, Badshah and Everest. Their current focus is exporting to Canada and other parts of North America, where their products are available in supermarkets, malls, hotels, restaurants and Indian stores. They're strategically planning to expand their reach to other territories within the US and Canada.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
The company has a market cap of Rs 78.3 crore and as of March 31, 2024, the company is debt-free. The shares of the company have a PE of 42.7x, an ROE of 17 per cent and an ROCE of 24 per cent. The stock gave multibagger returns of 155 per cent in just 1 year, 850 per cent in 3 years and a whopping 4,850 per cent in a decade. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.