1:5 Stock Split: This Multibagger Pump Manufacturing Company Announces Record Date for Subdivision of Shares: Complete Details Inside

FIIs increased its stake in the company while shares have delivered an impressive multibagger returns of over 125 per cent in just 1 year.

KSB Ltd manufactures a variety of standard industrial pumps including end suction, high-pressure multistage, submersible motor, and monoblock pumps, along with other value-added components. These products cater to sectors such as agriculture, wastewater treatment, energy (both nuclear and conventional power), oil and gas, and other industries.

The company has set Thursday, July 25, 2024, as the "Record Date" for executing a 1:5 sub-division ( stock split) of its equity shares. This means that each existing fully paid-up equity share with a nominal value of Rs 10 (Rupees Ten only) will be split into 5 equity shares of Rs 2 (Rupees two only) each, ranking equally in all aspects. This decision was endorsed by shareholders during the Annual General Meeting held on June 27, 2024.

Today shares of KSB Ltd closed the day at Rs 4925.70 per share on the BSE. The current market capitalization of the company stands at Rs 17145.30 crore. Additionally, the stock has delivered a multibagger return of around 129 per cent in the past 1 year.

As per Quarterly Results in Q4 FY24, KSB Ltd reported a quarterly revenue from operation of Rs 544 crore compared to a revenue of Rs 490 crore, representing a growth on a YoY basis. The net profit of the company stood at Rs 45 crore in Q4 FY24 compared to a net profit of Rs 41 crore.

Investors must keep this Small-Cap stock on their radar.

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