300 Per Cent Returns From 52-Week Low: Multibagger Stock To Keep Under Radar As Board Announces 1:5 Bonus Shares
The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 135 per share.
Essen Speciality Films Limited has announced that its Board of Directors has approved a 1:5 bonus share issue. This means that eligible shareholders will receive one new equity share for every five shares they currently hold. The new shares will be issued by capitalizing the company's securities premium and/or free reserves. The record date for determining eligibility for the bonus shares will be announced later. The company estimates that the bonus shares will be credited or dispatched to shareholders on or before December 27, 2024.
Essen Speciality Films Ltd, a subsidiary of the Rajoo Group, is a leading manufacturer of plastic and home décor products, established in 2002. The company specializes in producing customized plastic articles tailored to meet the specific requirements of global furnishing companies. Their product range includes a variety of items for home and personal use, such as bathroom accessories, kitchen items, storage solutions, fitness products, home décor, outdoor essentials and more. Essen Speciality Films Ltd has a strong customer base, serving major retailers like IKEA, Walmart, Kmart and many others.
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The company has a market cap of over Rs 1,200 crore and it is backed by Karishma Rajesh Doshi (Promoter), who holds a significant individual stake of 14.88 per cent. The shares of the company have a PE ratio of 107, an ROE of 13 per cent and an ROCE of 18 per cent. The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 135 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.