Under Rs 30: This Micro-Cap Company Announces Dividend and Stock Split – FIIs Hold 1.98 Per cent Stake!
The company’s shares have delivered over 20 per cent return of to its shareholders in the past 1 year.
This micro-cap company operates in the agro-based product trading industry and has announced a stock split as well as an interim dividend. Previously known as Silverpoint Infratech Ltd, the company was involved in land development, construction services, and civil and structural projects in the infrastructure sector. In FY23, the company shifted its focus to the agriculture business, specifically manufacturing and trading agricultural products in India. Agricultural commodities trading involves the exchange of raw products.
Stock Split
The Board of Directors of Julien Agro Infratech Ltd, in its meeting considered and approved the sub-division (or split) of equity shares. The face value of each share will be reduced from Rs 10 (Ten Rupees) to Rs 5 (Five Rupees), subject to the approval of the company’s shareholders.
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Dividend
This micro-cap company has also announced an interim dividend of Rs 0.05 (Five Paise only) per equity share for the financial year 2024-25. This dividend will be paid on the total issued, subscribed, and paid-up 19,789,000 equity shares with a nominal value of Rs 10 each.
Share Performance
Looking at the share performance, at the start of the day's trading session, the shares of Julien Agro Infratech Ltd opened at Rs 31.90 per share, compared to the previous day's closing price of Rs 29.68 per share on the BSE. Finally, the shares closed at around Rs 27.77 per share. The company's current market capitalization stands at Rs 54.95 crore. Additionally, the company’s shares have delivered around 20 per cent return in the past 1 year.
Financial Performance
As per the Quarterly Results in Sep 2024, Julien Agro Infratech Ltd recorded a revenue of Rs 30.71 crore. The operating profit reported by the company was Rs 2.04 crore while the margin stood at around 6.64 per cent. The net profit stood at Rs 2.04 crore compared to a loss of Rs 0.09 crore.
Looking at the annual performance, the company generated a revenue of Rs 21.35 crore in FY24. The operating profit for FY24 was Rs 0.08 crore with a net profit of Rs 0.05 crore.
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Disclaimer: The article is for informational purposes only and not investment advice.