This Rs 500 crore market cap company is likely to announce bonus share in its board meeting – details inside!
The shares of the company have a PE of 20.5x whereas the industry PE is 30.3x. The stock gave returns of 36.15 per cent in just 1 year.
Today stock price of Bharat Seats Ltd zoomed by 7 per cent. As company announced meeting of the Board of Directors is scheduled to be held on Tuesday, November 05, 2024 to consider issue of bonus Shares to the Members of the Company and to approve the unaudited Financial Results of the Company for the quarter and six months ended September 30, 2024. And
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In the Quarterly Results of June 2024, the company reported a revenue of Rs 298.85 crore, marking a 18.23 per cent increase from Rs 252.75 crore in June 2023. Net profit rose significantly to Rs 6.61 crore from Rs 4.67 crore in the same period last year, reflecting a 41.54 per cent growth. For the full financial year 2024, revenue reached Rs 1,067crore, up 1.51 per cent from Rs 1,051 crore in FY23. Net profit also grew to Rs 34 crore, up 13.33 per cent from Rs 30 crore in FY23.
Incorporated in 1986, Bharat Seats Ltd manufactures complete seating system and interior component for the automotive and surface transport.
Bharat Seats Ltd has a market cap of Rs 552 crore. Company has been maintaining a healthy dividend payout of 20.5 per cent. The shares of the company have a PE of 20.5x whereas the industry PE is 30.3x. The stock gave returns of 36.15 per cent in just 1 year.
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.