Multibagger Solar Pump Manufacturer Sets Record Date for 2:1 Stock Split - Complete Details Inside

The company’s shares have delivered an impressive return of over 40 per cent in the past year.

Incorporated in 1968, Roto Pumps Ltd is a Small-Cap leading manufacturer of progressive cavity pumps in India, known for delivering efficient and reliable pumping solutions across various industries, including wastewater, sugar, paper, paint, oil & gas, chemicals & process, ceramics, food & beverages, renewable energy & power, mining & explosives, marine, and defense announces record date for its share split.

As per the press release, the Board of Directors has set Friday, November 8, 2024, as the record date to determine shareholder eligibility for a stock split, which will divide each fully paid-up equity share of Rs 2 into 2 fully paid-up equity shares of Rs 1 each.

Share Performance

At the start of today’s trading session, Roto Pumps Ltd opened at Rs 520 per share, compared to Friday's closing of Rs 508.45 per share on the BSE. Finally, the company’s shares closed at around Rs 509 per share on the BSE. The current market capitalization stands at Rs 1606.66 crore, and the stock has generated an impressive return of over 40 per cent in the past year.

Financial Performance

As per the Quarterly Results in September 2024, Roto Pumps Ltd recorded a revenue of Rs 57.61 crore compared to Rs 54.49 crore representing a growth of around 5.73 per cent YoY. The operating profit for the period stood at Rs 12.05 crore with a margin of 20.92 per cent compared to Rs 12.60 crore with a margin of 23.12 per cent. The net profit stood at Rs 5.62 crore compared to a profit of Rs 7.53 crore. Looking at the annual performance, the company generated a revenue of Rs 274 crore in FY24, compared to Rs 226 crore in FY23. The operating profit for FY24 was Rs 66 crore, with a net profit of Rs 39 crore compared to a profit of Rs 33 crore.

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