Small Cap Multibagger Railway Company Likely to be Announced First-Ever Stock Split; Stock Surges Over 5 per cent Today
The company shares have delivered an impressive return of over 1200 per cent to its shareholders.
K&R Rail Engineering Ltd is engaged in the business of constructing private railway sidings on a turnkey basis. The company is involved in railway construction activities, including independent techno-economic and engineering surveys, planning, and project management for private entities. Railway Headquarters and Divisional Railway Authorities fully authorize it.
K&R Rail Engineering Ltd announces that a meeting of the Board of Directors of the company is scheduled for Saturday, July 13. The agenda for the meeting includes the consideration of audited financial results for the quarter and year ended March 31, 2024, along with the Audit Report for the same period. Additionally, the Board will discuss a proposal for a stock split in the face value of the company's equity shares. This is the first time the company is considering a stock split.
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Currently, shares of K&R Rail Engineering Ltd are trading at Rs 496 per share on the BSE. The current market capitalization of the company stands at Rs 1054.31 crore. Additionally, the stock has delivered a multibagger return of around 1268 per cent in the past 2 years.
In FY23 the company reported a revenue of Rs 390 crore. The company’s operating profit reached Rs 13 crore while the operating profit margin stands at 3 per cent. The company’s net profit stood at Rs 6 crore along with a net profit margin of 1.53 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.