After 2:3 Bonus Issue, Multibagger Industrial Products Stock Set For Stock Split

Board of Directors of small cap company Sprayking Agro Equipment Ltd will hold meeting on February 26, 2024 to consider sub-division/stock split of equity shares of the company. Last trading price of Sprayking Agro shares on BSE is Rs 261.65 apiece with intraday gain of 6.84%.

Sprayking Agro shares offered return of 27% in last 2-weeks and jumped 725% in last 1-year. Sprayking Agro declared bonus issue in the ratio of 2:3 in 2023 and never declared any dividend so far. Check details below:

Sprayking Agro To Consider Stock Split: According to the BSE filing of the company dated February 7, 2024, "a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 26" February, 2024 inter alia, to consider and approve:
1. Sub-division/ Stock Split of equity shares of the Company.
2. Any other matter with the permission of the Chair."

Sprayking Agro Bonus Share History: The last bonus that Sprayking Agro declared was in 2023 in the proportion of 2:3 implying shareholders received 2 bonus shares for every 3 shares held. The ex-bonus date was fixed as April 28, 2023.

Sprayking Agro Shares Performance & Return: The 52-week high price of Sprayking Agro shares on BSE is Rs 300.20 apiece and 52-week low price is Rs 31.68 apiece, respectively. The company's market capitalisation is Rs 276.51 crore. Sprayking Agro shares surged 29% in last 6-months, gained 1370% in last 2-years, and offered return of 2309% in last 3-years.

Sprayking Agro Financials: The company for the quarter ended December 2023 declared its net profit at Rs 0.12 crore, down 77.2% as against Rs 0.51 crore declared in the corresponding quarter of last year. It announced its net sales for December 2023 quarter at Rs 2.41 crore, down 54.55% from Rs 5.30 crore announced in December 2022. The company's EBITDA stood at Rs 0.32 crore for December 2023 quarter, down 38.46% as compared to Rs 0.52 crore in December 2022. The company's EPS fell to Rs 0.11 in December 2023 from Rs 0.80 in December 2022.

Sprayking Agro Equipment About: Established in 2005, Sprayking Agro Equipment Limited is engaged in the manufacturing of brass components and parts, including fittngs, forging equipment, transformer parts, and other customized brass components. Sprayking is a renowned manufacturer specializing in copper forging products. With a commitment to quality craftsmanship and exceptional design, Sprayking aims to provide customers with a diverse range of functional and decorative copper products.

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