1:5 Stock Split: Multibagger Financial Service Provider Announces Record Date for Subdivision of Shares!

1:5 Stock Split: Multibagger Financial Service Provider Announces Record Date for Subdivision of Shares!

The company's shares have delivered an impressive return of over 2,000 per cent in the past five years.

Share India Securities Limited is a financial service provider leveraging technology to deliver tailored capital market solutions to its clients. Its offerings include equity broking, currency and commodity derivatives, depository participant services, mutual fund advisory, and distributorship, among others. The company announced its earnings along with stock splits and dividends in the month of May. Recently, it announced the record date for the stock split, which investors must keep in mind.

Stock Splits and Dividends announced by Share India Securities Limited

Earlier, the Board had approved the stock split of each equity share of the company, with a face value of Rs 10 each, into 5 (Five) equity shares with a face value of Rs 2 each. Furthermore, a final dividend of Rs 1 per equity share, with a face value of Rs 10 each, was recommended for the financial year ending March 31, 2024.

The company has announced June 27, 2024, as the record date for the subdivision of its shares.

Annual Financial Performance of Share India Securities Limited

Share India Securities Limited has demonstrated significant financial growth in the fiscal year 2024 compared to the previous fiscal year. In FY24, the company's income surged to Rs 1,482.81 crore, marking a remarkable increase of 36 per cent from Rs 1,088.23 crore in FY23. Similarly, the profit also witnessed a notable upswing, reaching Rs 425.75 crore in FY24, reflecting a growth of 29 per cent from Rs 330.65 crore in FY23. This substantial improvement in both income and profit highlights the company's strong performance and financial stability during the specified period.

Looking at the segment-wise revenue:

The Share Broking/Trading Business segment experienced significant revenue growth, increasing from Rs 989.1489 crore in FY23 to Rs 1374.9959 crore in FY24, representing an impressive growth rate of 39 per cent.

In the Insurance segment, revenue surged from Rs 3.7664 crore in FY23 to Rs 6.6375 crore in FY24, indicating a remarkable growth of 76 per cent.

The Merchant Banking segment exhibited exceptional performance, with revenue soaring from Rs 1.2938 crore in FY23 to Rs 18.8104 crore in FY24, showcasing an extraordinary growth rate of 1354 per cent.

However, the NBFC segment experienced a slight decline in revenue, decreasing from Rs 85.2885 crore in FY23 to Rs 75.2037 crore in FY24, representing a decrease of 12 per cent.

Similarly, the Technology Services segment witnessed a decrease in revenue, dropping from Rs 20.2049 crore in FY23 to Rs 13.1012 crore in FY24, reflecting a decline of 35 per cent.

As per the Quarterly Results, revenue surged by 36.60 per cent while net profit reached to Rs 116 crore compared to Rs 107 crore in Q4 FY24

Share Performance of Share India Securities Limited

Today the company’s stocks closed at Rs 1516 per share. The current market capitalization of this company stands at Rs 5934 crore. Additionally, shares of this Small-Cap company have delivered multibagger returns of 2,003 per cent in the past five years.

Investors must keep this small-cap multibagger stock on their radar.

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

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

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