Stock Split Likely to be Announced by This Smallcap Company; FIIs Increased Stake in Q1 FY25!
The company’s shares have delivered a return of around 110 per cent to its shareholders.
Incorporated in 1943, The Sukhjit Starch & Chemicals Ltd is an agro-processing company specializing in the manufacture of starch and its derivatives. The Board of Directors is scheduled to meet on Wednesday, August 7, 2024, to consider, among other items:
- The unaudited financial results (both standalone and consolidated) for the quarter ended June 30, 2024.
- The potential stock split or subdivision of the existing equity shares with a face value of Rs 10 each, fully paid up, as determined by the Board.
The Sukhjit Starch & Chemicals Ltd shares are trading at around Rs 527 per share. The company’s current market capitalization stands at Rs 823.28 crore. The stock has delivered a return of over 20 per cent in the past 1 year.
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As per the Quarterly Results, in the fourth quarter of FY24, The Sukhjit Starch & Chemicals Ltd recorded a revenue of Rs 370 crore. The operating profit for Q4 FY24 stood at Rs 33 crore. The net profit for Q4 FY24 was Rs 12 crore. Looking at the annual performance, the company generated a revenue of Rs 1375 crore in FY24. The operating profit for FY24 was Rs 128 crore with a net profit of Rs 50 crore.
According to the shareholding pattern, promoters own 66.34 per cent, and public investors own 33.60 per cent. FIIs owns a 0.07 per cent stake in the company.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.