Multibagger returns from its 52-week low; Board likely to announce a stock split on October 14
The shares of the company have an ROE of 25 per cent and an ROCE of 30 per cent.
Premier Polyfilm Ltd informed that a meeting of the Board of Directors of the company will be held on Monday, October 14, 2024, at the Registered Office of the company at 305, III Floor, Elite House, 36, Community Centre, Kailash Colony Extension, Zamroodpur, New Delhi 110048 to consider the following items: -
- To consider and approve standalone unaudited financial results of the company for the quarter and half year ended on 30th September,2024.
- To consider and finalize the record date for stock split/sub-division of equity shares.
Incorporated in 1992, Premier Polyfilm Ltd (PPL) is a leading manufacturer of vinyl flooring, PVC sheeting, and artificial leather cloth. These products are used in various industrial and consumer applications, making PPL a significant player in the market.
PPL offers a diverse range of products, including artificial leather for the transport industry, PVC films and printed sheeting for automotive, interiors, healthcare, and household applications, PVC floorings for transport, rail, and commercial use, self-adhesive films for car wrapping and interior decoration, PVC geomembranes for underground structure waterproofing, swimming pool liners and roofing sheets, wallpaper, and pool liners. With a manufacturing capacity of 32,000 MTPA, PPL supplies its products to various sectors, including Indian Railways and automotive OEMs. The company's distribution network spans across India.
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The company, with a market cap of Rs 477 crore, has a promoter holding of 67.37 per cent, while DIIs own 1.02 per cent, the Government owns 0.26 per cent, and the remaining 31.35 per cent stake is held by the public as of June 2024. The shares of the company have an ROE of 25 per cent and an ROCE of 30 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs102 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.