1:1 Bonus Share: This Export Company Revises Its Record Date for Bonus Issue!
The price-to-earnings ratio is 40.2, and the book value is Rs 5.60.
The record date for determining the eligibility of shareholders for the issuance of bonus shares in the ratio of 1:1 (i.e., 1 new fully paid-up equity share for every 1 existing fully paid-up equity share) has been revised. The new record date is Wednesday, August 21, 2024. This revision is due to the promoters' unava ilab ility in India on the ori gina l date.
Earlier, Spryaking Ltd fixed Wednesday, August 14, 2024 as the record date for the purpose of determining the members, eligible for issuance of bonus shares in the proportion of 1:1 that is 1 (one) new fully paid-up equity shares for every 1 (one) existing fully paid up equity share held as approved by the shareholders.
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Before this, the Company had successfully completed its first three months of production at the new manufacturing facility utilizing Recycled waste copper alloy scrap. In this facility company manufactures copper alloy components from recycled waste copper alloy scrap.
In the Quarterly Results of Q4FY24, the company's revenue was Rs 20.17 crore, a 154.35 per cent increase compared to March 2023 but a 38.22 per cent decrease from December 2023. Net profit for the same period was Rs 1.77 crore, showing a 59.46 per cent year-on-year growth but a 47.48 per cent decline from the previous quarter. For the fiscal year 2024, revenue reached Rs 102 crore, growing by 436.84 per cent from the previous fiscal year, while net profit stood at Rs 9 crore, a 350.00 per cent increase year-on-year.
The market capitalisation of the stock is Rs 217 crore, with a current price of Rs 41.1. The stock's 52-week high is Rs 60, and the 52-week low is Rs 34. The price-to-earnings ratio is 40.2, and the book value is Rs 5.60.
Incorporated in 1980, Sprayking Agro Ltd is in the business of trading and exports of Brass items.
Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.