Don’t miss action in this multibagger stock that has announced bonus shares and dividend!
Shares of this company have gained more than 30 per cent in the last six months.
NDR Auto Components Limited informed in the exchange filing that the company’s board has approved bonus shares in a ratio of 1:1 (one equity share for every one equity share) held on the record date. The board of the company has also approved a dividend of Rs 5.00 per share (50 per cent) with a face value of Rs 10 each on equity shares for the financial year ended March 31, 2023.
In Q4FY23, the revenue of the company stood at Rs 130.26 crore which grew by 63.66 per cent YoY. The operating profit of the company stood at Rs 10.85, growing 65.98 per cent YoY, while the PAT of the company grew by 64.52 per cent YoY, staying at Rs 9.97 crore.
Furthermore, NDR Auto Components Limited has delivered multibagger returns to its shareholders. During this period, shares of NDR Auto Components Limited surged from Rs 121.25 on July 31, 2020, to Rs 805.00 on May 31, 2023, an increase of about 560 per cent in a three-year holding period.
NDR Auto Component operates in the auto components industry and manufactures seat frames and trims for four-wheelers and two-wheeler vehicles and other accessories relating to car seats.
Overall, the financial performance of the company showed exceptional growth, and investors should keep a close eye on this stock.
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