Double Dhamaka! Board Likely to Announce Bonus Shares & Dividend: Pump Manufacturing Stock with 1000 Per Cent Multibagger Returns in Just 5 Years
The stock is up by 33 per cent from its 52-week low of Rs 179.65 per share and has given multibagger returns of 1,000 per cent in 5 years.
Roto Pumps Ltd informed that a meeting of the Board of Directors of the Company is scheduled to be held on Saturday, May 17, 2025, inter alia, to:
- Consider, approve and take on record the standalone and consolidated audited financial results of the company for the fourth quarter and the financial year ended March 31, 2025.
- Consider recommendation of a final dividend, if any, on the equity shares of the company for the financial year ended March 31, 2025.
- Consider the issue of bonus equity shares to the equity shareholders of the company.
- Consider the increase in the authorised share capital of the company to accommodate the issue of the said bonus equity shares, if required.
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Roto Pumps, a leading global manufacturer of positive displacement pumps, has been providing reliable solutions for over 50 years. With a strong presence in various industries, including wastewater, sugar, and oil & gas, the company is committed to innovation and customer satisfaction. Roto Pumps' state-of-the-art manufacturing facility and R&D centre enable it to export to over 50 countries. The company's ambitious expansion plans aim to strengthen its global footprint and solidify its position as a top 5 positive displacement pump manufacturer.
Talking about the finances, the company is a Small-Cap having a market cap of over Rs 1,400 crore and reported positive numbers in its Quarterly Results (Q3FY25) and annual results (FY24). Earlier, the shares of the company ex-traded stock split of shares in a 2:1 ratio which had an ex-record date of November 08, 2024 and an ex-traded bonus shares in a 1:1 ratio which had an ex-record date of July 07, 2023. The company's shares have an ROE of 22 per cent and an ROCE of 25 per cent. The stock is up by 33 per cent from its 52-week low of Rs 179.65 per share and has given multibagger returns of 1,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.