Penny stock under Rs 10: This Financing and Investment Micro-cap Company Announced 10:1 Stock Split
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 in the ratio of 10:1, where each existing equity share of face value Rs 10 will be split into 10 equity shares of face value Re 1 each. The record date for the stock split has been set as April 4, 2025.
The proposal was approved by shareholders in the Extraordinary General Meeting (EGM) held on March 15, 2025. This decision aims to enhance liquidity and make the stock more accessible to retail investors. Investors holding shares as of the record date, April 4, 2025, will be eligible for the subdivision.
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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.