1:1 Bonus Shares & Dividends Announced by This Multibagger Engineering Company; Stock Gains Over 650 Per cent in Just One Year!
The company’s shares have delivered impressive multibagger returns of over 850 per cent in just 3 years.
Rajoo Engineers Limited, established in 1986 and led by Mr. C.N. Doshi and Mr. R.N. Doshi, specializes in manufacturing plastic-extrusion machinery in Gujarat. The company designs and produces customized machines tailored to the specific requirements of its customers.
Following a meeting held on June 28, 2024, at its registered office, the Board of Directors of the company made the following decisions:
- Approved recommending an increase in the authorized share capital from Rs. 7,70,00,000 (divided into 7,70,00,000 Equity Shares of Rs. 1 each) to Rs. 15,00,00,000 (divided into 15,00,00,000 Equity Shares of Rs. 1 each), pending approval by the shareholders through Postal Ballot.
- Approved recommending the issuance of bonus shares in the ratio of 1:1, i.e., 1 new fully paid Equity Share for every existing Equity Share held as of the Record Date by the shareholder, subject to approval by the shareholders through Postal Ballot.
- The Board of Directors has recommended a final dividend of 25 per cent, amounting to Rs. 0.25 per equity share with a face value of Rs. 1.00 (pre-bonus), for the financial year ending March 31, 2024. This recommendation is subject to the shareholders' approval at the Company's upcoming Annual General Meeting (AGM). It is important to note that the aforementioned final equity dividend of Rs. 0.25 per equity share (pre-bonus), which equates to Rs. 0.125 per equity share (post-bonus) for the Financial Year 2023-24, is contingent upon approval by the shareholders. The dividend will be disbursed within 30 days from the date of declaration at the ensuing AGM.
Share Performance:
Today Rajoo Engineers Limited shares closed the day at Rs 317.40 per share. The company’s current market capitalization stands at Rs 1952.16 crore. The stock has delivered a multibagger return of over 650 per cent in just 1 year only.
Financial performance:
According to the Quarterly Results, in Q4 FY24, Rajoo Engineers Limited reported a revenue of Rs 52.68 crore and an operating profit of Rs 8.96 crore. The operating profit margin for the quarter stands at 17.01 per cent. The company’s net profit stood at Rs 6.25 crore. In FY24, the company reported a revenue of Rs 197 crore compared to Rs 160 crore and a net profit of Rs 20 crore, compared to Rs 10 crore in the previous year.
Investors must keep this Small-Cap stock on their radar.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Disclaimer: The article is for informational purposes only and not investment advice.
Related articles
-
India's Largest Central Depository to Announce Bonus Issue; Meeting Scheduled for July 2; Stock Gains Over 90 per cent in Just 1 Year!
-
Ashish Kaholia’s Portfolio Engineering Company Stock Hits Upper Circuit; Gains Over 190 per cent in Just 1 Year – Do You Own This Stock?
-
3:1 Bonus Shares Announced by Small-Cap Multibagger Company; Stock Gains Over 250 per cent in Just 1 Year!
-
5:1 Stock Split Announced by This Small-Cap Company; FIIs Bought 11,66,846 Shares!
-
Heavy Buying Stock Hits Upper Circuit After Ashish Kacholia Bought 1,07,500 Shares of This Small Cap Company; Do You Own It?
-
1:2 Bonus Issue: Heavy Buying Renewable Energy Stock Hits Upper Circuit – Here's Why
-
Under Rs 100: This Shipping Company Signs Rs 7,00,00,000 Agreement with Visakhapatnam Port Authority for Fire Tender Supply and Services!
-
This Solar Pump Company Stock Hits Upper Circuit and 52-Week High; SBI Mutual Fund and LIC Mutual Fund Each Bought 4.13 per cent Stake!
-
Double in Just 1 Month: Heavy Buying Aerospace and Defence Stock Rallies Over 5 per cent and Hit Upper Circuit with Heavy Volumes!
-
380 Per cent Return & Stock Under Rs 150: This Small-Cap Company Bags Order Worth Rs 6,33,00,000 from JK Cement!
-
Under Rs 100: Back-to-Back Upper Circuit Stock Rallies 40 per cent After Securing Rs 2,33,44,665 Order; Must-Watch
-
4:1 Bonus Share & 10:1 Split: Stock Hits Upper Circuit for 13 Consecutive Trading Days; Stock Gains Over 270 Per cent in Just 3 Months Only
-
This Small-Cap Multibagger Company Secures Order Worth Rs 1,199 million from NMDC; Stock Surges Over 260 Per cent!
-
This Green Energy Company Secures Significant Funding for 200 MW Solar Power Project in Gujarat: Stock Gains 200 per cent in Just 1 Year!
-
Penny Stock Under Rs 5: Back-to-Back Upper Circuit Multibagger Stock with 2:1 Bonus Shares and 10:1 Stock Split
-
Bharti Airtel-Backed Telecom Infrastructure Company Hits 52-Week High Today; Stock Trading at Low PE Compared to Peers: Must Watch
-
Stock Split Likely to Be Announced by Company Today; Keep This Stock on Your Radar!
-
India's 2nd Largest Port Operator Secures Order from Southern Railway for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal in Chennai
-
Ashish Kacholia Bought 1,07,500 Shares of This Specialty Chemical Company: Keep This Stock on Your Radar
-
This Solar Tech Company Bags Order Worth Rs 35,00,000 from Gesellschaft für Internationale Zusammenarbeit GmbH; Stock Gains Over 110 Per cent in Just 1 Year!