2:1 bonus share after 10:1 stock split: Multibagger penny stock below Rs 45 with 1,460 per cent returns; PAT zooms over 500 per cent!
The shares of the company have an ROE of 24 per cent and an ROCE of 20 per cent with a 3-year CAGR of 150 per cent respectively.
M K Proteins Ltd informed that the Board of Directors of the company has approved bonus shares in the ratio 2:1 i.e. 2 (two) equity shares for every 1 (One) equity share having a face value of R 1. The company fixed the record date for bonus shares as Friday, March 15, 2024.
Earlier, the shares of the company ex-traded stock split /sub-division of 1 equity share of the company having a face value of Rs 10 each into 10 equity shares of the company having a face value of Rs 1 each. The ex-record date for the stock split was Friday, November 10, 2023.
Today, shares of M K Proteins Ltd plunged 5 per cent to Rs 41.15 per share from its previous closing of Rs 43.31 with an intraday high of Rs 42.99 and an intraday low of Rs 41.15. The stock’s 52-week high is Rs 100 while its 52-week low is Rs 35.07.
M K Proteins Limited owns and operates an edible oil production plant. The company produces and refines rice bran, canola, soya bean, and sunflower oil. M K Proteins serves customers in India.
According to Quarterly Results and annual results, the company reported positive numbers. In Q3FY24, the net sales increased by 405 per cent to Rs 68.86 crore and the net profit increased by 505 per cent to Rs 2.48 crore compared to Q2FY24. In FY23, the net sales increased by 23 per cent to Rs 315 crore and net profit increased by 10 per cent to Rs 11 crore compared to FY22.
The company has a market cap of over Rs 500 crore. The shares of the company have an ROE of 24 per cent and an ROCE of 20 per cent with a 3-year CAGR of 150 per cent respectively. The stock gave multibagger returns of 1,460 per cent in just 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Related articles
-
Multibagger penny stock below Rs 90; Board likely to announce bonus shares and stock split!
-
Back-to-back upper circuits in this multibagger penny stock below 3; Board allocates 98,00,02,000 fully paid-up bonus equity shares!
-
Upper Circuit Alert: Multibagger penny stock below Rs 80 to trade ex-bonus & ex-split on December 29; PAT zooms over 2,500 per cent!
-
Multibagger penny stock under Rs 80; Board announces bonus shares and stock split!
-
Multibagger penny stock under Rs 75 hit back-to-back upper circuits: Board announces bonus shares & stock split; PAT zooms over 2,500 per cent!
-
Multibagger penny stock under Rs 80; Board likely to announce bonus shares & stock split!
-
Multibagger penny stock under Rs 60 with 4,000 per cent returns: Board announced bonus shares & stock split; scrip hit upper circuit!
-
Penny stock under Rs 5; Board announces rights issue after bonus shares & stock split!
-
2,965 per cent returns in this multibagger stock; Board announced stock spit of equity shares after bonus shares!
-
2,890 per cent returns in this multibagger stock; Board likely to announce stock spit after bonus shares!
-
3:1 bonus shares next month on July 06, 2024: High ROE & high ROCE multibagger pharma products stock at Rs 81 surges 3.55 per cent today; do you own it?
-
3:1 bonus share again after 9:5 bonus shares & stock split from Rs 10 to 5 to 1: Multibagger pharma products stock below Rs 80 in green; PAT zooms over 500 per cent!
-
Multibagger PSU company likely to announce bonus shares, stock split, dividend & buyback!
-
Multibagger penny stock at Rs 37.08; Board likely to announce bonus shares & stock split!
-
FIIs bought 50,00,000 shares of this multibagger penny stock below Rs 50; Board likely to announce bonus shares!
-
Promoter Group was allocated 9,30,000 shares: 2:1 bonus share, 2:1 stock split with 4,000 per cent multibagger returns; scrip hit upper circuit on March 20
-
2:1 bonus share, 2:1 stock split with 4,500 per cent multibagger returns: Board approve USD 50,00,000 fund raising through issue of foreign currency-denominated bonds!
-
Promoters bought 25,00,000 shares of this multibagger penny stock under Rs 50 with 1,400 per cent returns; Board announced bonus shares – record date inside!
-
5:1 stock split after 57:10 bonus shares 10 years ago: Back-to-back upper circuits & 52-week highs in this multibagger power stock; rockets 50,000 per cent!
-
1:1 bonus share; 5:1 stock split: Heavy buying in this multibagger micro-cap stock at Rs 168.60; hit back-to-back upper circuits & 52-week highs!