5:1 Stock Split: Penny Stock Under Rs 10 Reports Triple-Digit Growth In Q2FY25; Buy Or Wait?

Mumbai-based Mayukh Dealtrade Limited, a microcap company in the infrastructure segment, has posted stellar financial performance in the quarter that ended September 30 of FY25. The company recorded a 248% year-on-year (YoY) jump in net sales, reaching Rs. 1.60 million, compared to Rs. 4.60 million in the same quarter last fiscal.

Mayukh Dealtrade Limited Share Price Movement

This microcap penny stock that has recently captured investor interest continues to make waves due to its strong performance in Q2 FY25. While the broader market downturn on November 21 caused a slight dip, the stock's overall growth has been promising.

On November 21, the stock closed at Rs. 2.00, reflecting a 2.91% decline. However, over the past five days, the stock has recorded a 9.89% increase, highlighting short-term investor optimism. Its performance over the last month is equally noteworthy, with the stock trading 16.96% higher, indicating sustained interest and confidence from market participants. The stock has traded within a 52-week range of Rs. 1.19 (low) and Rs. 3.77.00 (high).

Over the last six months, Mayukh Dealtrade has delivered impressive returns of 36.99%, making it a profitable pick for its investors during this period. However, its year-to-date (YTD) performance has been slightly subdued, with the stock down by 33.33%, reflecting earlier market challenges. Despite this, the stock's long-term trajectory remains impressive. Over the past five years, Mayukh Dealtrade has generated an exceptional 85.19% return, showcasing its ability to create significant wealth for patient investors.

Mayukh Dealtrade Limited Stock Split Boosts Liquidity

Last month, Mayukh Dealtrade completed a 5:1 stock split, reducing the face value of its equity shares from Rs. 5 to Re. 1 each. This adjustment increased the number of shares in circulation, improving liquidity for investors. This was the company's second stock split as In 2021, the firm had executed a 2:1 split, dividing shares with a Rs.10 face value into two shares of Rs.5 each.

Mayukh Dealtrade Limited Q2FY25 Earnings

Mayukh Dealtrade reported a net profit of Rs. 6.10 million in Q2FY25, marking a 125% increase from Rs. 2.74 million in Q2FY24. For the first half of FY25 (H1FY25), the company's net profit soared to Rs.9.55 million, up 168% YoY from Rs.3.53 million in H1FY24, according to ET Now.

The total income for H1FY25 stood at Rs.23.9 million, more than doubling from Rs.1.4 million in the corresponding period of the previous year. This impressive performance underscores the company's ability to execute its growth strategy effectively.

About Mayukh Dealtrade Limited

Mayukh Dealtrade Limited, established in 1980 and headquartered in Mumbai, India, operates in the manufacturing and trading sectors with a focus on burners and aroma-related products. The company's offerings include camphor sticks, aroma burners, vaporizers, night lamp burners, and kapoor danis, catering to both domestic and international markets. Additionally, Mayukh Dealtrade has undergone strategic corporate actions, including stock splits, to enhance liquidity and attract investors. With a market capitalization of Rs 24 crore, the ROE stands at 6.44%. The company has not announced any dividends so far.