Penny stock under Rs 10: This Financing and Investment Micro-cap Company Announced 10:1 Stock Split Record Date
The profit after tax (PAT) stood at Rs 0.82 crore, compared to a loss of Rs 1.13 crore in December 2023.
Enbee Trade & Finance Limited has announced a stock split of its equity shares, reducing the face value from Rs. 10 per share to Re. 1 per share. The company has fixed Friday, April 4, 2025, as the record date to determine the eligibility of shareholders for the subdivision. The decision was approved by shareholders during the Extraordinary General Meeting (EGM) held on March 15, 2025. As per the approved resolution, every 1 (one) equity share of Rs. 10/- each will be subdivided into 10 (ten) equity shares of Re. 1/- each. This stock split aims to enhance the liquidity of the company’s shares and make them more affordable for a broader investor base.
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Incorporated in 1985, Enbee Trade and Finance Ltd in the business of financing and investment. Company is listed on SME and SME-ITP platforms of stock exchanges and is a Category B Non-Banking Finance Company, Non Systemically Important Non-Deposit taking Company
In the Quarterly Results of December 2024, the company reported a revenue of Rs 4.71 crore, reflecting a YoY growth of 116.06 per cent compared to Rs 2.18 crore in December 2023. The operating profit stood at Rs 3.66 crore, improving from a loss of Rs 0.44 crore in the same quarter last year. The profit after tax (PAT) stood at Rs 0.82 crore, compared to a loss of Rs 1.13 crore in December 2023.
In FY24, the company posted a revenue of Rs 10.26 crore, registering a 110.68 per cent growth compared to Rs 4.87 crore in FY23. The net profit for the year stood at Rs 1.56 crore, up 1014.29 per cent from Rs 0.14 crore in the previous financial year.
With a PE ratio of 9.78, the company trades at a discount compared to the industry PE of 20. The company has ROCE of 7.96 per cent and ROE of 7.65 per cent.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.