Ashirwad Capital, is a financial services company, trading a penny stock below Rs 6 on exchanges. Ashirward is coming up with its second bonus shares reward in less than 15 months. That being said, NBFC's board of directors is going to meet on May 10 to announce the company's financial earnings and recommend bonus shares. Last year, Ashirwad rewarded investors with a bonus issue of 1:2.
Ashirwad Capital:
Last week, on Friday, Ashirwad's share price stood at Rs 5.57 apiece on BSE with a market cap of Rs 33.42 crore. The stock's 52-week high and low is at Rs 8.24 and Rs 3.27 apiece. In the trading week that ended on May 3rd, the stock zoomed by 7.12%. YTD, the stock is up by 22%.
In a year, the NBFC stock rallied by 38%, while in 5 years, the gain is about 150%. However, its all-time gain is a whopping 1,195.35%.
Ashirwad Capital Bonus Shares:
In its regulatory filing, Ashirward said, "The Meeting of the Board of Directors of the company will be held on Friday, May 10, 2024, to discuss and decide inter- alia the following items. 1. To consider and adopt Audited Financial Results for the Quarter and Year ended March 31, 2024. 2. To consider the proposal for declaration of Bonus Issue of Equity Shares."
Last year, Ashirwad rewarded bonus shares in the ratio of 1:2. While the company has not paid dividends since September 2019. The last dividend payout was of Rs 0.10 each in 2019 and 2018.
Ashirwad Capital Stock's Fundamentals:
As per the Trendlyne data, the following are the fundamentals for this penny stock:
- Annual Revenue fell 21.27%, in the last year to ₹0.96 Cr. Its sector's average revenue growth for the last fiscal year was 18.91%.
- Annual Net Profit fell 23.41% in the last year to ₹0.76 Cr. Its sector's average net profit growth for the last fiscal year was 59.6%.
- Stock Price rose 36.19% and underperformed its sector by 30.7% in the past year.
- Debt to Equity Ratio is zero as the company is debt-free.
- Promoter Share Holding stayed the same in the most recent quarter at 51%.
- Quarterly Revenue rose 2,275.58% YoY to ₹0.83 Cr. Its sector's average revenue growth YoY for the quarter was 24.37%.
- Quarterly Net profit rose 2,787.75% YoY to ₹0.73 Cr. Its sector's average net profit growth YoY for the quarter was 34.65%.
- Price to Earning Ratio is 23.09, higher than its sector PE ratio of 21.98.
- Return on Equity(ROE) for the last financial year was 5.72%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.
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