Ashish Kacholia Portfolio Stock Sets Record Date For 1:5 Stock Split: Do You Own?

Shaily Engineering Plastics is a small-cap company in the Capital Goods sector. The company is India's largest exporter of plastic components. The company has declared its Q2 results along with a stock split recommendation to make its shares more affordable in the market for small investors which will result in boosting liquidity in the stock for potential investors.

Pursuant to Regulation 42 of the SEBI LODR Regulations 2015, the Board of Directors of the company has fixed 23rd November 2023 as the record date for subdivision of 1 (one) equity share of the company having a nominal value Rs. 10/- (Rupees Ten only) each fully paid up into 5 (five) equity shares having a nominal value of Rs. 2/- (Rupees Two only) each fully paid-up.

The company's revenue from operations on a stand-alone basis dropped by 2.67% to Rs. 155.75 crore in the September 2023 quarter compared to Rs. 160.03 crore in the September 2022 quarter. Its net profit jumped by 4.49% from Rs. 9.43 crore in Q2FY23 to Rs. 9.85 crore in Q2FY24. EBITDA for the firm soared by 1.59% to Rs. 25.53 crore in the quarter under review from Rs. 25.13 crore in the same quarter last year.

On Friday, the shares of Shaily Engineering Plastics closed on the BSE at Rs 1791.95 apiece up by 1.75% from the previous close of Rs 1761.15. The stock made a 52-week-high of Rs 1,900.00 (17/10/2023) and a 52-week-low of Rs 870.00 (20/03/2023), implying that at the current market price, the stock has gained 105.97% from its 1 year low and is trading at a discount of 5.68% from its 1 year high.

During Q2FY24, the company reported promoters' shareholding of 43.81%, FIIs stake of 7.01%, DIIs stake of 13.82%, and public stake of 35.36%. As per the shareholding pattern of Shaily Engineering Plastics for the July- September 2023 quarter, ace investor Ashish Kacholia held 5,08,696 shares in his portfolio of the company which equals to 5.55% fully paid-up equity stake in Shaily Engineering Plastics.