Double Delight! 1:1 Bonus Share & 5:1 Stock Split Announced: Multibagger Returns from 52-Week Low; Reports Stellar Results
The stock has given multibagger returns of over 150 per cent from its 52-week low of Rs 310 per share.
On Thursday, shares of Cool Caps Industries Ltd plunged 1.35 per cent to Rs 795 per share from its previous closing of Rs 805.85 per share with an intraday high of Rs 809 and an intraday low of Rs 795. The stock comes under the NSE SME Emerge Index with a lot size of 250 shares. The stock’s 52-week high is Rs 931 per share and its 52-week low is Rs 310 per share.
Established in 2015, Cool Caps Industries Ltd. (CCIL), a subsidiary of Purv Group, specialises in manufacturing a diverse range of plastic caps and closures for the beverage packaging industry. Their extensive product portfolio includes various types of caps and closures (such as Alaska, Seal, CSD 13, BT, and Juice caps), different sizes of PET preform (500 ml, 1 Lt., 5 Lt., 10 Lt.), plastic handles for 2 Lt. and 5 Lt. bottles, and multi-layer flexible shrink films for shrink wraps, along with rPET flakes.
According to half-yearly results, the net sales increased by 98 per cent to Rs 142.29 crore and net profit increased by 4,814 per cent to Rs 6.88 crore in H2FY25 compared to H2FY24. In its annual results, the net sales increased by 56 per cent to Rs 238.49 crore and net profit increased by 205 per cent to Rs 11.97 crore in FY25 compared to FY24.
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The company's Board of Directors has recommended two key corporate actions, both subject to shareholder approval. Firstly, they've proposed a stock split/sub-division of equity shares, changing one fully paid-up equity share with a face value of Rs 10 into five fully paid-up equity shares with a face value of Rs 2 each. Secondly, the Board has recommended a 1:1 bonus share issue, meaning shareholders would receive one bonus equity share with a face value of Rs 2 for every one fully paid-up equity share of Rs 2 they currently hold, as of the record date.
The company has a market cap of over Rs 900 crore with a PE of 180x, an ROE of 10 per cent and an ROCE of 9 per cent. The stock has given multibagger returns of over 150 per cent from its 52-week low of Rs 310 per share.
Disclaimer: The article is for informational purposes only and not investment advice.