Anup Engineering, a smallcap stock, turned ex-bonus on April 23 for its bonus issue in the ratio of 1:1. Anup is rewarding one additional share on every 1 existing stock. This will double the size of the investors' portfolio who is eligible. This engineering stock has touched a new 52-week high and has given over 268% returns.
The Anup Engineering Share Price:
This stock is currently trading at Rs 1840.25 apiece, up by Rs 42.40 or 2.4% on BSE. In the early trading hours of April 23, the stock hit a new 52-week high of Rs 1,999 apiece.
From the high levels, Anup Engineering's share price skyrocketed by 268% from its 52-week low of Rs 543 apiece.
The company's market cap of Rs 3,654.02 crore.
The Anup Engineering Bonus Issue:
The company fixed Tuesday, April 23, 2024, as the record date to determine the names of Members who shall be entitled to allotment of bonus equity shares in the ratio of 1: 1 i.e. 1 (One) new fully paid-up equity share of Rs. 10/- each for every 1 (One) fully paid-up equity share of Rs. 10/- each held by the existing Members of the Company.
The bonus issue is in the ratio of 1:1.
To be eligible for receiving the perks of bonus shares, investors will need to have Naapbooks share in their demat account by the end of April 23rd.
Generally, bonus shares are one of the many corporate actions that listed companies announce on several occasions. Bonus shares are like incentives which are free of cost given to investors. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.
The ANUP Engineering Fundamentals:
As per the Trendline data, the key fundamentals for ANUP Engineering are:
- Annual Revenue rose 41.99%, in the last year to ₹415.73 Cr. Its sector's average revenue growth for the last fiscal year was 19.17%.
- Annual Net Profit fell 13.08% in the last year to ₹54.63 Cr. Its sector's average net profit growth for the last fiscal year was 4.83%.
- Stock Price rose 238.92% and outperformed its sector by 107.59% in the past year.
The debt to Equity Ratio is zero as the company is debt-free.
- Mutual Fund Holding decreased by 0.28% in the last quarter to 3.08.
- Interest Coverage Ratio is 62.54, higher than 1.5. This means that it can meet its interest payments comfortably with its earnings (EBIT).
- Price to Earning Ratio is 22.09, lower than its sector PE ratio of 63.14.
- Return on Equity(ROE) for the last financial year was 12.36%, in the normal range of 10% to 20%.
- Promoter Share Holding decreased by 0.17% in the most recent quarter to 42.74%.
- Promoter Pledges are zero.
ANUP is listed on India's stock exchanges National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) as a separate entity (Lalbhai Group Companies). ANUP has been rated CARE A+ with a stable outlook (Single A Plus) for its long-term bank facilities.
ANUP supplies process equipment to nearly all major projects in Oil & gas, petrochemicals, Chemicals, Fertiliser, Power, Aerospace and other process Industries in India and worldwide. ANUP was one of the pioneers- to set up a dish-end manufacturing and industrial centrifuge in India way back in the Seventies.
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