Promoters hold over 70% stake &10:1 stock split, ex-date was February 28th: Do you own this solar penny stock under Rs 60?
The stock gave multibagger returns of 230 per cent in just 1 year and a whopping 2,500 per cent in 5 years.
On Monday, shares of RDB Infrastructure and Power Limited gained 4.94 per cent to Rs 59.60 per share from its previous closing of Rs 56.70 per share. At 10:00 am, shares of the company were trading at Rs 53.87 per share, plunging 5 per cent.
RDB Infrastructure and Power Limited (RDBIPL) has announced a proposed 10:1 stock split of its equity shares. This means each existing Rs 10 face-value equity share will be divided into 10 equity shares of Re 1 each. The company aims to increase liquidity and attract a wider investor base through this stock split. The ex-date for stock split was Friday, February 28, 2025.
Additionally, the company secured two contracts from Tarmat Limited for infrastructure development at Mumbai's CSMIA. A Rs 35.40 crore contract covers perimeter road construction and strengthening, while a Rs 23.60 crore contract covers civil work for Taxiway "M" Phase-1. YMS Finance, part of RDB Infrastructure and Power's promoter group, holds a 4.63 per cent stake in Tarmat. The company also received two contracts from DVC. A Rs 7.51 crore EPC contract involves installing grid-connected rooftop solar PV plants on DVC buildings in West Bengal and Jharkhand, including equipment and five years of O&M. A Rs 42.76 lakh contract covers O&M of existing DVC rooftop solar plants (approximately 10 MWp) for five years.
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About the Company
RDB Infrastructure and Power Limited (Formally known as RDB Realty & Infrastructure Ltd), founded in 1981, is a prominent real estate & solar services-related company in India. With a strong presence in major cities like Kolkata, Mumbai, and Hyderabad, they specialise in both residential and commercial projects. Their portfolio includes high-rise apartments, integrated townships, office spaces, and shopping malls. The company is committed to quality and innovation, aiming to deliver exceptional living and working spaces. By focusing on customer satisfaction and sustainable development practices, RDB Realty & Infrastructure Ltd has established itself as a trusted name in the Indian real estate industry.
According to Quarterly Results, the net sales increased by 251 per cent to Rs 24.18 crore and net profit increased by 88 per cent to Rs 1.78 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 169 per cent to Rs 87.36 crore and the net profit increased by 23 per cent to Rs 4.38 crore in 9MFY25 compared to 9MFY24. Looking at its annual results (FY24), the company reported net sales of Rs 67 crore and a net profit of Rs 3 crore.
The stock’s 52-week high is Rs 61.27 per share and its 52-week low is Rs 11.59 per share. The company has a market cap of over Rs 900 crore, with promoters holding 70.42 per cent stake and the pubic owning 29.58 per cent stake. The stock gave multibagger returns of 230 per cent in just 1 year and a whopping 2,500 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.