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Category: Split

  • Exxaro Tiles Announces 10:1 Stock Split to Enhance Liquidity and Accessibility

    Exxaro Tiles Announces 10:1 Stock Split to Enhance Liquidity and Accessibility

    Exxaro Tiles Ltd, a prominent player in the refractory ceramic industry, has announced its first-ever stock split to enhance share liquidity and attract more small investors. This move, approved by the company’s Board of Directors on October 14, 2024, marks a strategic effort to make its shares more accessible and appealing in the market.

    Stock Split Details

    The company plans to subdivide its existing equity shares from a face value of ₹10 to ₹1 each. The split is subject to shareholder approval, with the record date set for Friday, December 13, 2024. Upon completion, the increased number of shares in circulation is expected to boost trading activity and improve liquidity.

    BofA Securities Europe SA recently acquired 6,66,366 shares of Exxaro Tiles at ₹96.22 per share, amounting to ₹6.41 crore. This purchase represents 1.48% of the company’s outstanding equity, signaling strong institutional interest in the company’s future.

    About Exxaro Tiles Ltd

    Founded in 2008, Exxaro Tiles Ltd is known for manufacturing and marketing a wide array of high-quality vitrified tiles. Its product portfolio includes double-charge vitrified tiles, glazed vitrified tiles, full-body vitrified tiles, wall tiles, and parking tiles. The company’s tiles are widely used in large-scale projects such as educational institutions, hotels, retail malls, and hospitals.

    The company prides itself on innovation, incorporating advanced features such as 3D effects, FGVT technology, high gloss finishes, and full-color body vitrified tiles. With a strong clientele, including industry giants like Lodha, Amul, and Shapoorji Pallonji, Exxaro Tiles has established itself as a trusted name in the industry.

    Financial Performance

    Despite its growth potential, Exxaro Tiles faces financial challenges:

    • In Q1FY25, the company reported total income of ₹60.04 crore but incurred a net loss of ₹4.27 crore.
    • As of March 2024, the company’s total debt stood at ₹97.45 crore, highlighting a need for financial improvement.

    However, with a market cap of over ₹400 crore and a strategic focus on enhancing shareholder value through the stock split, Exxaro Tiles is looking to turn things around.

  • Achyut Healthcare Announces Stock Split and Bonus Issue

    Achyut Healthcare Announces Stock Split and Bonus Issue

    Achyut Healthcare Ltd, a rising SME stock, has announced a stock split and bonus issue for shareholders. These corporate actions aim to improve liquidity and enhance shareholder value. The healthcare stock, which has delivered multibagger returns of over 300% in recent years, continues to attract investor attention. Below, we break down the details of the stock split, bonus issue, and the company’s recent financial performance.

    Stock Split and Bonus Issue Details

    Achyut Healthcare’s Board of Directors has approved two major proposals:

    1. Stock Split:
      • Each equity share with a face value of ₹10 will be subdivided into ten equity shares with a face value of ₹1.
      • The subdivision will increase the number of shares in circulation, enhancing liquidity.
    2. Bonus Issue:
      • The company will issue four bonus shares for every ten shares held (4:10 ratio) after the stock split.
      • Both the stock split and bonus issue have the same record date: Tuesday, December 10, 2024.

    These measures aim to make the stock more affordable and accessible to investors while increasing shareholder value.

    About Achyut Healthcare

    Founded in 1996, Achyut Healthcare Ltd is a pharmaceutical trading company specializing in APIs, pharmaceutical products, and medical devices. The company also manufactures pharmaceutical formulations, including tablets, capsules, oral liquids, and injectables. As of June 2024, Achyut Healthcare is debt-free, with a market capitalization of ₹128.29 crore.

    Financial Performance

    The company’s financials reflect strong growth and profitability:

    • Q2FY25 vs. Q2FY24:
      • Net sales increased by 44% to ₹2.13 crore.
      • Net profit rose by 35% to ₹1.48 crore.
    • Annual Results (FY24):
      • Net sales reached ₹6.14 crore.
      • Net profit stood at ₹0.66 crore, highlighting consistent annual growth.
  • Global Education Ltd Announces Stock Split

    Global Education Ltd Announces Stock Split

    Global Education Ltd (GEL), a prominent educational service provider, has announced a stock split, dividing its equity shares from a face value of ₹5 to ₹2 each. The split aims to increase share liquidity and make the stock more accessible. Below, we outline the stock split details, provide an overview of Global Education Ltd, and examine its financial performance.

    Stock Split Details

    The stock split will create two new shares for every existing share. Although the authorized share capital remains at ₹12 crore, it will now comprise:

    • 5,97,50,000 equity shares of ₹2 each
    • 5,00,000 redeemable preference shares of ₹1 each

    The record date for the stock split is Tuesday, December 10, 2024. Shareholders on this date will be eligible for the split.

    About Global Education Ltd

    Established in 2011, GEL offers a comprehensive range of services to educational institutions, corporations, and banks. These include:

    • Business consulting and skill development programs
    • Admission assistance and online examinations
    • Infrastructural support, marketing, and branding

    GEL also provides computer hardware and educational materials to institutions. Its clientele includes major firms like Capgemini, HCL, and Wipro, reinforcing its reputation as a trusted partner in the education sector.

    Financial Performance

    GEL’s financial results reflect strong growth:

    • Q2FY25 vs. Q1FY25:
      • Total income increased by 68.6% to ₹25.66 crore.
      • Net profit rose by 50.9% to ₹10.65 crore.
    • H1FY25 vs. H1FY24:
      • Total income grew by 6.5% to ₹40.88 crore.
      • Net profit declined by 8.8% to ₹17.75 crore.

    GEL is debt-free with a 35.5% CAGR in profit growth over the last five years. The company maintains a healthy dividend payout of 28%, reflecting strong shareholder returns.

    Strengths and Market Position

    GEL has a market capitalization of ₹401.06 crore and has show operational efficiency in core business: 

    • Return on Equity (ROE): 40%
    • Return on Capital Employed (ROCE): 55%
    • Stock Performance: The stock has delivered 1,430% returns over the past five years, cementing its status as a multibagger.