183.85 Per Cent Returns From Its 52-Week Low: Board Announces 5:1 Stock Split; Check Record Date Inside
The company has a market cap of Rs 1,879 crore with a PE of 15x, an ROE of 26 per cent and an ROCE of 34 per cent
The Board of Directors of Master Trust Limited approved the sub-division/split of equity shares at their meeting on August 7, 2024. Subsequently, the Annual General Meeting on September 30, 2024, ratified this decision. The record date for the sub-division/split has been set as Wednesday, October 30, 2024. Each equity share with a face value of Rs 5 will be divided into 5 equity shares with a face value of Re 1 each, fully paid up.
About the Company
Master Trust Ltd, established in 1985, is a diversified financial services company operating in lending, securities and land transactions. The company holds significant memberships and registrations, including being a Category-1 Merchant Banker, a depository participant of NSDL and CDSL, and a member of NCDEX, MCX, NSE and BSE. It also operates as a Non-Banking Financial Company (NBFC) and offers insurance brokerage services through Master Insurance Brokers Ltd. Over the years, Master Trust Ltd has expanded its services to cover a wide range of financial solutions, including equity and commodity trading, portfolio management services (PMS), wealth management, research and advisory and algorithmic trading systems.
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The company offers several innovative products such as the MPSL Vallum India Discovery Fund and the Master Trader algorithmic trading solution. Additionally, its discount brokerage model, My Value Trade and mobile trading app, Master Mobile, cater to a growing clientele seeking accessible and efficient trading platforms. Despite its strong profit growth of 45.4 per cent CAGR over the last five years, the company faces certain challenges, such as a decline in promoter holding, an increase in debtor days and high borrowing costs. While the company has consistently reported profits, it has not distributed dividends, which may concern some investors. However, its robust product offerings and trading platforms, including MasterSwift 2.0 and Master Trader 3.0, continue to position it as a competitive player in the financial sector.
The company has a market cap of Rs 1,879 crore with a PE of 15x, an ROE of 26 per cent and an ROCE of 34 per cent. The stock is up by 183.85 per cent from its 52-week low of Rs 300 per share.
Disclaimer: The article is for informational purposes only and not investment advice.