7:1 Bonus Share & 2.5 Per Cent Dividend Announced: Mumbai-Based Multibagger Textile Stock; Trades at Low PE with High ROE & High ROCE

7:1 Bonus Share & 2.5 Per Cent Dividend Announced: Mumbai-Based Multibagger Textile Stock; Trades at Low PE with High ROE & High ROCE

DSIJ Intelligence-1

The shares have a low PE of 16x whereas the industry PE is 25x with a high ROE of 42 per cent and a high ROCE of 51 per cent.

Shine Fashions (India) Limited has announced two significant proposals for its shareholders: a bonus share issuance and a dividend recommendation, both subject to approval at the upcoming Annual General Meeting. The company proposes to issue bonus shares in a 7:1 ratio, meaning seven new equity shares of Rs. 5 each for every one existing share of Rs. 5. Concurrently, the Board has recommended a dividend of 1250 paisa (Rs. 12.50) per equity share of Rs. 5 each for the financial year 2024-25. Friday, July 4, 2025, has been fixed as the record date.

Shine Fashions (India) Ltd, established in 2019, is a textile company that imports and trades various fabrics and textile raw materials. Their product line includes non-interlinking fabrics, woven fusible interlinings, and microdot fusible interlinings, encompassing items like cotton interlining fabric and different polyester lining fabrics.

DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.

The company has a market cap of Rs 114 crore and has delivered good profit growth of 83 per cent CAGR over the last 5 years with working capital requirements having reduced from 95.3 days to 71.4 days. The stock has given multibagger returns of 124 per cent from its 52-week low of Rs 168.50 per share and a whopping 700 per cent in 5 years. The shares have a low PE of 16x whereas the industry PE is 25x with a high ROE of 42 per cent and a high ROCE of 51 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.

Previous Article Multibagger penny stock under Rs 85 receives order worth Rs 31,00,00,000 from a customer
Next Article 1:1 Bonus Share: Waste Management Company Bags New Order Worth Rs 73,93,915 From Thangadh Nagar Palika, Gujarat
Rate this article:
3.4

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR