5:1 Stock Split Announced by This Small-Cap Company; FIIs Bought 11,66,846 Shares!

The company’s shares have delivered an impressive return of over 80 per cent in the past 2 years.

Krishna Medical Institution Ltd (KIMS), established in 1973, stands as one of the largest corporate healthcare groups in Andhra Pradesh and Telangana, renowned for its extensive patient care and treatment offerings. The company provides comprehensive healthcare services spanning primary, secondary, tertiary, and quaternary care facilities across various city tiers.

On Friday, the Board of Directors approved a proposal to split each existing equity share of Rs 10 into 5 equity shares of Rs 2 each, pending necessary regulatory approvals and shareholder consent at the upcoming 22nd Annual General Meeting. Additionally, the Board recommended corresponding amendments to the Capital Clause of the Memorandum of Association, also subject to shareholder approval at the same meeting. The Record Date for the equity share subdivision will be communicated in due course.

Share Performance:

On Friday Krishna Medical Institution Ltd (KIMS) closed at around Rs 2155.75 per share. The company’s current market capitalization stands at Rs 3791.02 crore. The stock has delivered a return of over 80 per cent in just 2 years only.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Krishna Medical Institution Ltd (KIMS) reported a revenue of Rs 634 crore and an operating profit of Rs 159 crore. The operating profit margin for the quarter stands at 25 per cent. The company’s net profit stood at Rs 71 crore. In FY24, the company reported a revenue of Rs 2498 crore compared to Rs 2198 crore, and a net profit of Rs 336 crore, compared to a profit of Rs 366 crore in the previous year.

Investors must keep this Mid-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.