Hotels and resorts company, Goel Food Products which is also a penny stock, has announced double rewards for its shareholders. One of the massive perks is free bonus shares in the ratio of 4:1, while a dividend payout of Rs 0.50 per share. Goel Food Products has declared its Q4 results. This penny stock will be in focus.
Goel Food Products Share Price:
The penny stock is listed on BSE only. Its share price is at Rs 174 apiece with a market cap of Rs 65.60 crore. The stock's 52-week high and low is at Rs 223.45 and Rs 125.50 apiece.
YTD, the stock is up by 27% on BSE. In May alone, the stock zoomed by 8%.
Goel Food Products Bonus Issue:
As per the regulatory filing, Goel Food has recommended Bonus Shares in the proportion of 4:1 --- meaning --- four equity shares of Rs. 10 each for every existing equity share of Rs. 10 each as on the record date subject to the approval of shareholders in the ensuing AGM of the Company.
Bonus shares are corporate actions carried out by listed companies. Under this action, companies issue additional shares as a bonus only to the existing shareholders. Here, investors don't need to pay any money for these shares. In short, bonus shares are FREE, FREE, FREE! Notably, in bonus shares, the face value remains the same.
Goel Food Products Dividend:
Goel Food Products has also recommended a Dividend of 50/- paise(50 Paise Only) per fully paid equity share of Rs. 10 each for the Financial Year ending 31st March 2024.
Generally, dividends reflect a company's potential and ability to share a portion of its net profits from the respective financial year with its shareholders. They are paid to those eligible shareholders who hold the dividend-paying stock at the specified date. But notably, dividends vary into three categories, interim, special and final.
Goel Food Products Stock Analysis:
As per Trendlyne data, the following are the stock's fundamentals:
- Annual Revenue rose 5.25%, in the last year to ₹25 Cr. Its sector's average revenue growth for the last fiscal year was 5.21%.
- Stock Price fell 4.53% and underperformed its sector by 36.24% in the past year.
- Return on Equity(ROE) for the last financial year was 22.53%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.
- Interest Coverage Ratio is 3.82, higher than 1.5. This means that it can meet its interest payments comfortably with its earnings (EBIT).
- Debt to Equity Ratio of 1.33 is higher than 1. This implies that company assets are financed through debt.
- Annual Net Profit rose 24.26% in the last year to ₹5 Cr. Its sector's average net profit growth for the last fiscal year was 6.29%.
- Promoter Share Holding increased by 0.41% in the most recent quarter to 73.82%.
- Promoter Pledges are zero.
About Goel Food Products:
With more than 35 years of experience, the Bika Group manages some of the premium wedding venue addresses in Kolkata and Howrah that spans more than 2 lakh square feet. Also, the group owns Sohotel at Rangoli Mall, Howrah with more than 50 rooms and 3 banquet spaces for different corporate and social events. Bika Sweets and Confectionery is also part of the group and currently operates with outlets in Kolkata and Howrah.
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