Smallcap Multibagger Electrical Company to Announce Stock Split After Bonus Shares on Thursday; Stock Gains Over 320 Per cent in Just 6 Months!
The company’s shares have delivered an impressive return of over 520 per cent in the past 1 year.
This Small-Cap company is a fully integrated manufacturer and supplier of a wide range of fans, including Ceiling fans, Exhaust fans, Pedestal fans, and Brushless DC (BLDC) fans. The company operates two manufacturing facilities located in Uttarakhand and Telangana, with a combined installed manufacturing capacity of 7.85 lakh fans per month. This capacity underscores the company's substantial production capabilities in the fan industry.
The Board of Directors of Wonder Electricals Ltd has scheduled a meeting on Thursday, August 22, 2024. Among the key agenda items for this meeting is the consideration and approval of a proposal to stock split the company's equity shares. Earlier in October 2021, Wonder Electricals Ltd issued bonus shares to its existing shareholders in the ratio of 3:5. This means that for every 5 shares held, shareholders received an additional 3 shares.
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On Friday, the shares of Wonder Electricals Ltd closed at around Rs 1443.85 per share on the BSE. The company’s current market capitalization stands at Rs 1934.87 crore. Additionally, the shares have delivered a multibagger return of over 320 per cent in the past 6 months only.
As per the Quarterly Results, in the Q1 FY25, Wonder Electricals Ltd recorded a revenue of Rs 231.36 crore compared to Rs 116.96 crore. The operating profit stood at Rs 6.18 crore. The net profit stood at Rs 1.78 crore compared to a profit of Rs 0.73 crore. Looking at the annual performance, the company generated a revenue of Rs 570 crore in FY24. The operating profit for FY24 was Rs 25 crore with a net profit of Rs 10 crore compared to a net profit of Rs 6 crore in FY23.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.