Double Dhamaka! 5:1 stock split & Rs 2.50/share dividend: 1,100 per cent multibagger returns in this high ROE & high ROCE stock!
The stock gave multibagger returns of 235 per cent in just 1 year and a whopping 1,100 per cent in 3 years.
POCL Enterprises Ltd has announced that its Board of Directors has approved a stock split, where each existing Rs 10 face value equity share will be divided into 5 shares of Rs 2 face value equity shares. This change will require shareholder approval, and the record date for determining eligibility for the split is October 25, 2024, if approved. Additionally, the company has declared a dividend of Rs. 2.50 per share, with August 30, 2024, set as the record date for determining dividend eligibility.
POCL Enterprises Ltd, founded in 1988, is a leading Indian manufacturer and trader of various metals, chemicals, and their oxide forms. Their product range includes metallic oxides like red lead and zinc oxide, PVC stabilizers used in pipes and building materials, refined zinc for various applications including animal feed and ceramics and lead alloys used in soundproofing, radiation shielding, plumbing and even paints.
According to Quarterly Results, the net sales increased by 67.2 per cent to Rs 363.69 crore and net profit increased by 99.7 per cent to Rs 6.28 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 28.1 per cent to Rs 1,120.44 crore and net profit increased by 37.6 per cent to Rs 17.74 crore in FY24 over FY23.
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On Friday, shares of POCL Enterprises Ltd were locked in a 2 per cent upper circuit to Rs 611.70 per share from its previous closing of Rs 599.75. The stock’s 52-week high is Rs 634.95 and its 52-week low is Rs 170. The company has a market cap of over Rs 340 crore.
The shares of the company have an ROE of 30 per cent and an ROCE of 24 per cent. The stock gave multibagger returns of 235 per cent in just 1 year and a whopping 1,100 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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