Double Dhamaka for Surya Roshni Investors: 1:1 Bonus Shares & 50 per cent Dividend announced, Stock Gave Multibagger Returns – do you hold this stock?
The company has delivered multibagger returns to its shareholders in the last two years.
Surya Roshni Ltd’s Board Meeting held today; the Directors have declared interim dividend of 50 per cent on the paid-up value of equity shares i.e. Rs 2.50 per Equity Share of Rs 5 each of the Company on Pre-bonus paid-up share capital. The interim dividend shall be paid within 30 days from the date of declaration i.e. on or before 13th December 2024, to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday the 29th November, 2024, which is the Record Date fixed for the purpose.
The company has the issuance of Bonus Shares to the Shareholders of the Company in the ratio of 1: 1 i.e. 1 (one) Bonus Equity Share of face value of 5 each fully paid up for every 1 (one) existing equity shares of face value of 5 each fully paid up, to the eligible members of the Company as on the record date.
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Surya Roshni Limited has delivered multibagger returns to its shareholders in the last two years. During this period, shares of Surya Roshni Limited surged from Rs 215 on November 07, 2022, to Rs 688 on November 07, 2024, an increase of about 216 per cent in a two-year holding period.
Furthermore, in Q2FY25, the company posted Quarterly Results. The revenue of the company stood at Rs 1,529 crore which decreased by 10 per cent YoY. The PAT of the company decreased by 55 per cent YoY, at Rs 34 crore. In Q2FY24, FIIs increased their stake in the company from 4.49 per cent in June 2024 to 4.87 per cent in September 2024.
Surya Roshni Limited was incorporated in 1973 for manufacturing of ERW pipes, sold under the brand name of ‘Prakash-Surya’. In 1985, SRL diversified into lighting products with the manufacturing of general lighting systems (GLS) and fluorescent tube lamps (FTL) sold under the brand name ‘Surya’ and started the production of compact fluorescent lamps (CFLs) in 2007.
The stock has shown tremendous growth and investors should keep a close eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.