3:1 Bonus Share & Rs 70 Crore Order Book: Multibagger Micro-Cap Engineering Stock Jumps 9.8 Per Cent; Check Bonus Record Date Inside
The company has a market cap of Rs 475 crore and the order book stands at Rs 70 crore.
On Wednesday, shares of BEW Engineering Ltd gained 9.81 per cent to Rs 1,505 per share from its previous closing of Rs 1,370.50 per share. The company has delivered good profit growth of 80.50 per cent CAGR over the last 5 years and a good return ROE track record: 3 Years ROE 31.40 per cent.
The Board of Directors of the company has approved the issuance of bonus equity shares in a ratio of 3:1. This means that for every 1 existing fully paid-up equity share, shareholders will receive 3 new fully paid-up equity shares. The record date for determining eligibility for these bonus shares has been set as Friday, October 25, 2024. The bonus shares will be issued out of the company's securities premium account, general reserve, or retained earnings as of March 31, 2024. This bonus issue is expected to result in the issuance of approximately 101,04,993 new equity shares.
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BEW Engineering Ltd, established in 2011, is a leading manufacturer of specialized filtration, mixing and drying equipment. Their products are designed to cater to various industries, including pharmaceuticals, sterile applications, fine chemicals, agrochemicals and food processing. BEW offers a comprehensive range of equipment, such as ANFD Agitated Nutsche Filter Dryer, Rotocone Vaccum Dryer, Cantilever Rotocone Vaccum Dryer, Plough Shear Mixer Dryer, Retractable Plough Shear Mixer Dryer, Agitated Pan Dryer, Rotary Vacuum Paddle Dryer and Spherical Dryer. With their commitment to quality and innovation, BEW has gained international recognition and exports its products to several countries worldwide.
The company has a market cap of Rs 475 crore and the order book stands at Rs 70 crore. The stock is up by 18 per cent from its 52-week low of RS 1,280 per share and gave multibagger returns of over 330 per cent in 3 years. Investors should keep an eye on this multibagger engineering stock.
Disclaimer: The article is for informational purposes only and not investment advice.