700% Returns In 3-Yrs: This Small Cap Stock Below Rs 66 Is Likely To Announce Bonus Shares Soon; Check Details

Shree Oswal Seeds and Chemicals Limited, the small-cap company involved in the Agriculture/Horticulture/Livestock sector informed via an exchange filing on December 8, 2023, that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, December 18, 2023 at the Registered Office of the Company to consider and discuss the matter of issue of bonus shares subject to the approval of shareholders of the company. Besides, other routine matters will also be discussed in this meeting.

Shree Oswal Seeds and Chemicals Limited shares are listed on the NSE. Today, the share price of Shree Oswal Seeds and Chemicals Limited was trading 4.96% higher at Rs 65.55 per share at 1:53 pm IST on NSE. The company has a total market cap of 49,965.49 lakhs. In terms of its last three years' performance, Shree Oswal Seeds and Chemicals Limited is a multi-bagger stock as the Shree Oswal Seeds and Chemicals stock has delivered almost 700% returns in the last three years.

Shree Oswal Seeds and Chemicals stock price performance:

Shares of Shree Oswal Seeds and Chemicals have gained 13.58% in the last three months, the stock has gained 42.16% in last one year. The returns from the stock have increased by 1154.81% in the last five years.

According to Trendlyne data, the company's annual revenue rose 13.23%, in the last year to Rs 272.45 Crores. Its sector's average revenue growth for the last fiscal year was 21%. Annual Net Profit rose 4.98% in the last year to Rs 5.71 Crores. Its sector's average net profit growth for the last fiscal year was 22.58%.

Earlier, the Board of Directors of the company had proposed a sub-division/stock split of existing equity shares from 1 equity share having a face value of Rs 10 each fully paid-up, into 5 equity shares having a face value of Rs 2 each fully paid-up as of the record date. This stock split was executed on August 18, 2023.

The company reported positive numbers in its Quarterly Results and annual results. The net sales jumped by 100.6% to Rs 65.55 crore and the net profit surged by 150.1% to Rs 0.64 crore in Q2FY24 compared to Q2FY23.