Triple Bonanza! 4:1 Bonus share; 10:1 stock split & 100 per cent dividend announced: Stock doubled in just 48 days & PAT zooms 77 per cent!

In March 2024, the promoters of the company sold 219 shares to 73.51 per cent compared to 73.86 per cent in March 2023.

On Friday, shares of Kaycee Industries Ltd were locked in a 2 per cent upper circuit to Rs 44,721.70 per share from its previous closing of Rs 43,844.85. The stock’s 52-week high is Rs 44,775.40 per share and its 52-week low of Rs 8,073 per share.

Founded in 1942, Kaycee Industries Ltd, a subsidiary of Salzer Electronics Ltd, manufactures and supplies industrial electrical switches, mechanical counters, hour meters, cable lugs, and various other electrical components to diverse sectors like power, telecom, and renewables. Their product range includes rotary switches, toggle switches, stroke counters, digital time totalizers, and more, with a manufacturing capacity of 500 tons per month. They boast a prestigious clientele including the Airport Authority of India, Indian Oil, Airtel, and ABB.

The Board of Directors of the company announced a triple bonanza with a 4:1 bonus share (i.e., 4 fully paid-up equity shares of Rs 10 each for every 1 existing fully paid-up equity share of Rs 10 each held by the eligible shareholders as on the record date); 10:1 stock split (sub-division/split of equity shares of 1 equity share of the company having face value of Rs 100 each into 10 equity shares having face value of Rs 10 each and 100 per cent dividend (The Board of Directors of the company has recommended a normal final dividend of Rs 60 (60 per cent) per equity share of Rs 100 each for the financial year ended March 31, 2024 and additionally a special dividend of Rs 40 (40 per cent) per equity share of the Rs 100 resulting in total Dividend Rs 100 per share).

Also Read: Vijay Kedia gains Rs 12,06,05,760 from this multibagger engineering stock in just 1 day as the company reports a 197 per cent jump in net profit

According to Quarterly Results, the net sales increased by 20 per cent to Rs 13.47 crore and net profit increased by 77 per cent to Rs 1.57 crore in Q4FY24 compared to Q4FY23. In its annual results, the net sales increased by 17 per cent to Rs 48.81 crore and net profit increased by 29 per cent to Rs 4.49 crore in FY24 compared to FY23.

The company has a market cap of Rs 284 crore with a 3-year stock price CAGR of 138 per cent. In March 2024, the promoters of the company sold 219 shares to 73.51 per cent compared to 73.86 per cent in March 2023. The stock gave multibagger returns of over 100 per cent in just 48 days, 450 per cent in 1 year and a whopping 1,330 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.