This Jindal Group Company to Announce Stock Split Next Week; Profits Skyrocketed by 250 Per cent in FY24; Stock Gains Over 600 Per cent!
The company’s shares have delivered an impressive return of over 90 per cent in the past 1 year.
This company manufactures and supplies iron and steel pipes and pellets, with production facilities in India, the United States, Europe, and the United Arab Emirates. The company operates primarily in the Iron & Steel segment, which includes the production of iron and steel pipes and pellets. Its business divisions encompass Welded Line Pipes, Ductile Iron (DI) Pipes, Seamless Pipes & Tubes, and Mining and Pellet divisions.
The Board of Directors of the Company has scheduled a meeting for Wednesday, August 14, 2024, in New Delhi to consider and approve a stock split of existing fully paid-up equity shares with a face value of Rs 2 each into fully paid-up equity shares with a face value of Rs 1 each.
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Today the shares of Jindal Saw Ltd closed at around Rs 637.05 per share. The company’s current market capitalization stands at Rs 20,369 crore. The stock has delivered a multibagger return of over 635 per cent in just 2 years.
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As per the Quarterly Results, in Q1 FY25, Jindal Saw Ltd recorded a revenue of Rs 4939 crore. The operating profit for Q1 FY25 stood at Rs 840 crore. The net profit for Q1 FY25 was Rs 416 crore. Looking at the annual performance, the company generated a revenue of Rs 20958 crore in FY24, compared to Rs 17868 crore in FY23. The operating profit for FY24 was Rs 3326 crore, with a net profit of Rs 1593 crore compared to the price of Rs 452 crore representing a growth of over 250 per cent YoY.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.