Don’t miss action in this multibagger stock that has announced bonus shares and dividend!
The stock is up by 16 per cent in just 5 days, up by 40 per cent year to date and has given multibagger returns of over 160 per cent in 3 years.
IndiaMart InterMesh Ltd informed that The Board of Directors of the company have approved a bonus share in the ratio 1:1 and approved a final dividend of 200 per cent or Rs 20 per equity share having a face value of Rs 10 per share. The record date for dividend has been set by the company as May 11, 2023 and the record date for the bonus issue of shares has been fixed as June 21, 2023.
On Friday, shares of IndiaMart InterMesh zoomed 0.80 per cent to an intraday high of Rs 6,089.95 from its previous closing of Rs 6,042.05. At the closing bell, shares of the company ended the day in the red, down 1.09 per cent to Rs 5,975.95 per share. The stock is close to its 52-week high of Rs 6,101.30 per share.
IndiaMart InterMesh, the first and largest B2B digital marketplace in the country, today stands out as a game-changer in the B2B landscape. It focuses on integrating small and medium businesses (SMEs) into the new paradigm. Talking about the financials, IndiaMart has a market cap of over Rs 18,000 crore with a CAGR of 33 per cent in 3 years.
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According to the consolidated Quarterly Results (Q4FY23), the net revenue rose by 33 per cent to Rs 269 crore and recorded a net profit of Rs 56 crore compared to Q4FY22. In FY23, consolidated annual results, the revenue rose by 31 per cent and recorded a net profit of Rs 284 crore compared to FY22.
The shares have a PE of 67.96x, an ROE of 20 per cent and a ROCE of 23 per cent. The stock is up by 16 per cent in just 5 days, up by 40 per cent year to date and gave multibagger returns of over 160 per cent in 3 years.
Investors should keep an eye on this mid-cap stock.