5,600 per cent returns: Board announced bonus shares for first time ever; PAT zooms over 20 per cent!
Shares of this company have gained more than 25 per cent in the last six months.
Kama Holdings Limited informed in the exchange filing that the Board of the company has recommended the issuance of bonus equity shares of the company in the ratio of 4:1 i.e., 4 (Four) Equity Shares of Re 10.00 each for every 1 (One) equity shares of Rs 10 each. For the purpose of the same, the board has fixed the record date to Tuesday, October 17, 2023. This is the first time the company has announced a bonus issue.
The company posted strong results in FY23. The revenue of the company stood at Rs 15,074.82 crore which grew by 20.58 per cent YoY. The operating profit of the company stood at Rs 3,776.57 crore, while the PAT of the company stood at Rs 2,324.45 crore, representing a growth of 23.06 per cent YoY.
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KAMA Holdings Limited is the promoter company of its flagship unit, SRF Limited which is a multi-business entity, engaged in the manufacture of chemical-based industrial intermediates. The company customers like Maruti, Telco, Bajaj, Ford, Hyundai, Fiat, Hero Honda, Yamaha, Whirlpool, BPL, Phillips and Visteon are testimony to the high quality of our products and services.
In the last 10 years, the shares of the company have given more than 5,600 per cent returns, and in the last 3 years, the stock has given about 220 per cent returns.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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