99.91 per cent publicly owned company with a stock price below Rs 80; Board likely to announce stock split, bonus shares & up to Rs 3/share dividend!

The stock is down by 38.4 per cent from its 52-week high of Rs 118.95 while the stock is up by 16.5 per cent from its 52-week low of Rs 62.91.

Thinkink Picturez Limited (Scrip Code: 539310) informed you that a meeting of the Board of Directors of the company is scheduled to be held on Friday, March 15, 2024, at the registered office. The agenda of the Meeting inter alia includes:

· Evaluation of stock split.

· Issuance of bonus shares.

· Declaration of interim dividend up to Rs 3 per share.

Established in 2008, Thinkink Picturez is a prominent player in Indian media and entertainment, specializing in creating unique and diverse content across film, TV shows, and web series. Their comprehensive services encompass the entire film production process, from script selection and financing to post-production, while also offering script development, TV production, and web series ventures. Backed by successful projects like "Janhit Mein Jaari" and the "Dream Girl" franchise, their collaborative spirit and commitment to engaging content have cemented their position in the evolving Indian media landscape.

Today, shares of Thinkink Picturez Limited plunged 5.19 per cent to Rs 73.27 per share from its previous closing of Rs 77.28 with an intraday high of Rs 81 and an intraday low of Rs 72.99. The stock is down by 38.4 per cent from its 52-week high of Rs 118.95 per share while the stock is up by 16.5 per cent from its 52-week low of Rs 62.91 per share.

The company has a market cap of over Rs 200 crore and the company has a very less debt of Rs 0.44 crore constituting less than 1 per cent of its market cap. As of December 2023, foreign institutional investors (FIIs) hold a negligible stake of 0.09 per cent, while the remaining 99.91 per cent is owned by public investors.

The shares of the company have a PE of 46.2x, an ROE of 12.6 per cent and an ROCE of 16.8 per cent. From Rs 28.85 to Rs 73.27 per share, the stock gave multibagger returns of 154 per cent in 3 years.

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