40 per cent returns from 52-week low; Board announces 1:10 stock split
The stock is up over 40 per cent from its 52-week low of Rs 295.20 per share.
On Wednesday, shares of Pavna Industries Ltd gained 0.53 per cent to Rs 418.30 per share from its previous closing of Rs 416.10 per share. The stock’s 52-week high is Rs 759.55 per share and its 52-week low is Rs 295.20 per share.
Pavna Industries Ltd. announced that its Board of Directors approved a 10-for-1 stock split. This means that for every one share currently held with a face value of Rs 10, shareholders will soon have ten shares, each with a face value of Re 1. The company expects this split to make its shares more accessible and appealing to individual investors, which should boost liquidity in the market. The record date for this split will be announced once shareholder approval is secured, and the entire process is anticipated to be completed within approximately three months.
About the Company
Since 1994, Pavna Industries Ltd, part of the Pavna Group, has been a leading manufacturer of automotive components for OEMs. They produce a wide range of products for passenger, two-wheeler, three-wheeler, and commercial vehicles, from steering-cum-ignition switches and fuel tank caps to throttle bodies and carburettors. Their offerings also include electrical products, casting components, and various accessories like wheel and helmet locks, along with fuel cocks, pumps, handles, and latches.
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According to Quarterly Results, the company reported net sales of Rs 66.23 crore and net profit of Rs 1.82 crore in Q4FY25 while in its annual results, the company reported net sales of Rs 308.24 crore and net profit of Rs 8.04 crore in FY25.
In FY25, FIIs bought 8,61,614 shares or 6.18 per cent compared to nil holding in FY24. As of March 2025, Promoters own 61.50 per cent stake, FIIs own 6.18 per cent stake and the remaining 32.32 per cent stake is owned by public shareholders. The company has a market cap of over Rs 580 crore. The shares of the company have a PE of 7x, an ROE of 5 per cent and an ROCE of 10 per cent. The stock is up over 40 per cent from its 52-week low of Rs 295.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.