Double Dhamaka! 1:1 bonus share & 1:10 stock split announced: Multibagger hydraulics manufacturing stock locked in upper circuit!
The stock has given multibagger returns of over 120 per cent from its 52-week low is Rs 1,170 per share.
On Tuesday, shares of Bemco Hydraulics Ltd hit a 2 per cent lower circuit to Rs 2,652.15 per share from its previous closing of Rs 2,600.15 per share. The stock’s 52-week high is Rs 2,713 per share and its 52-week low is Rs 1,170 per share.
The Board of Directors of Bemco Hydraulics Ltd has approved, subject to shareholder approval, a significant corporate restructuring aimed at enhancing share liquidity and affordability for small investors. This includes a 1:10 stock split, transforming existing equity shares with a face value of Rs 10 into ten shares with a face value of Re 1 each. Concurrently, the board also approved a 1:1 bonus issue, distributing one fully paid bonus equity share of Re 1 face value for every one existing equity share of Re 1 face value, utilising free reserves. To facilitate these changes, a reclassification of the authorised share capital will also be undertaken. The company anticipates completing these corporate actions, including the crediting/dispatching of bonus shares, within two months from the board meeting date of August 29, 2025. This will result in the issuance of approximately 21,867,000 new equity shares.
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About the Company
Bemco Hydraulics Ltd, established in 2001, is a specialised manufacturer of hydraulic and portable re-railing equipment. The company's diverse product portfolio includes various types of hydraulic presses such as C Frame/Throat Type Presses, Straightening Presses, Sheet Metal Forming Presses, Moulding Presses, Baling Presses and Hydraulic Wheel Fitting Presses. Furthermore, Bemco Hydraulics is well-known for its re-railing equipment, which encompasses Wheel Press-Single Cylinder, Wheel Press-Double Cylinder, Wheel Skate Trolley, Spring Scragging Machines, Spring Preload Testing Machines and RCC Underpass Bridge Shifting equipment, all designed for efficient re-railing of cars and locomotives.
The company has a market cap of Rs 580 crore. The shares of the company have a PE of 42x, an ROE of 20 per cent and an ROCE of 24 per cent. The stock has given multibagger returns of over 120 per cent from its 52-week low is Rs 1,170 per share.
Disclaimer: The article is for informational purposes only and not investment advice.