Maan Aluminium Ltd, engaged in the business of manufacturing & trading aluminium profiles, announced that the meeting of the Board of Directors of the Company has approved bonus shares in the ratio 1:1 and stock split from Rs 10 to Rs 5 for its equity shareholders as of record date. The company verified the record date for bonus shares and stock split as Thursday, July 27, 2023.
Maan Aluminium Ltd has a market cap of Rs 505 crore and has delivered good profit growth of 50.8 per cent CAGR over the last 5 years. The company reported excellent numbers in its Quarterly Results (Q4FY23) and annual results (FY23).
Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now
The net sales increased by 103.78 per cent and net profit increased by 77 per cent in Q4FY23 over Q4FY22. The net sales increased by 42.21 per cent and the net profit skyrocketed by 127.34 per cent in FY23 over FY22. The stock has a PE of 10.04x and a ROE of 47.81 per cent.