Bonus Shares & Stock Split to be Announced by this Multibagger Company Next Week – Revenue Surges by 2,228 Per cent and Profits by 6,668 Per cent in Q1 FY2024!
The company’s shares have delivered an impressive multibagger return of over 200 per cent in just 1 year.
Incorporated in 1985, Cropster Agro Ltd is engaged in the manufacturing and trading of containers, packaging, textile, and textile-related products, and is also involved in real estate activities. The company trades in chemicals, plastic, and rubber products such as soda ash, acids, bases, bleaching powder, heat reaction chemicals, polypropylene bags, plastic sheets, and plastic containers. The company also derives additional income from loans.
The company has informed that a meeting of the Board of Directors of the company is scheduled to be held on Monday, September 23, 2024, for the following businesses:
1. To consider the proposal for the sub-division or stock split of equity shares of face value of Rs. 10/- each of the Company, in such manner as the Board may determine.
2. To consider the proposal for the declaration of bonus Shares.
3. To increase the Authorised Share Capital of the Company.
4. To call the Extraordinary General Meeting (EoGM) of the Company and approve the draft Notice of EoGM.
5. To discuss and approve other matters related to the EoGM.
6. Any other matter with the permission of the Chair.
On Thursday, the shares of Cropster Agro Ltd rallied and hit the upper circuit and are trading at around Rs 456.70 per share on the BSE. The company’s current market capitalization stands at Rs 1141.75 crore. Additionally, the shares have delivered an impressive multibagger return of over 200 per cent in the past 1 year.
As per the Quarterly Results, in the Q1 FY25, Cropster Agro Ltd recorded a revenue of Rs 40.50 crore compared to Rs1.74 crore representing an impressive growth of 2228 per cent YoY. The operating profit stood at Rs 3 crore. The net profit stood at Rs 2.89 crore compared to a loss of Rs 0.04 crore representing a growth of 6668 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 61 crore in FY24. The operating profit for FY24 was Rs 11 crore with an operating profit margin of 18 per cent & a net profit of Rs 11 crore.
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Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.