220% Gain In 3 Yrs: Multibagger Stock Declares 1:5 Stock Split

Small-cap consumer discretionary firm Cantabil Retail India had a market cap of Rs 1,759.14 Cr in Monday's closing session. The company Cantabil Retail India Ltd. is in the business of developing, manufacturing, branding, and marketing garments under the CANTABIL brand. The company has declared stock split in a 1:5 ratio for which record date has also been finalized.

"The Board of Directors at its meeting held today i.e. on Saturday, 21st day of October, 2023 which commenced at 12:00 Noon and concluded at 01:55 P.M. at B-16, Lawrence Road Industrial Area, New Delhi110035 through Video Conferencing has passed the necessary Board Resolution to fix the "Record Date" for the purpose of Sub-Division of every 1 (one) Equity Share having nominal/face value of Rs. 10/- (Rupees Ten only) each be sub-divided into 5 (five) Equity Shares having nominal/face value of Rs. 2 (Rupees Two Only) each fully paid up," said Cantabil Retail India in a stock exchange filing.

To boost the stock's liquidity and make it affordable for small, the Board of Directors of Cantabil Retail India has fixed November 2, 2023 as the record date for the purpose of sub-division of every 1 equity share having nominal/face value of Rs. 10/- each be sub-divided into 5 equity shares having nominal/face value of Rs. 2 each.

Cantabil Retail India Ltd recorded a 13 per cent drop in net profit to Rs 12 crore for the quarter ended June 30 compared to Rs 14 crore in the year-ago period. Its total income climbed by 11 per cent YoY to Rs 113 crore in Q1FY23, as against Rs 102 crore in the corresponding quarter of the previous fiscal year. By adding 14 new stores throughout the quarter, Cantabil extended its retail footprint and, as of June 30, 2023 to 461 total sites.

On Monday, the shares of Cantabil Retail India closed on the BSE at Rs 1077.40 apiece down by 4.83% from the previous close of Rs 1132.10. The scrip made a 52-week-high of Rs 1,425.40 on (21/10/2022) and a 52-week-low of Rs 800.50 on (29/03/2023), implying that at the current market price, the stock is trading 24.41% below the 1 year high and 34.59% above the 1 year low.

The stock has produced a multibagger return of more than 722% over the past five years and more than 220% over the past three years. The stock has fallen by around 20% during the past year and by about 10% YTD in 2023.

During Q2FY24, the company reported promoters' shareholding of 74.97%, FIIs stake of 0.03% and public stake of 25.00%.