High Promoter Holding Debt Free Multibagger Stock Sets Record Date For Dividend; 145% Rally YTD

Caspian Corporate Services Ltd is a small-cap financial services company having a market cap of Rs 141.33 Cr. An organisation located in India that offers consulting and advising services is Caspian Corporate Services Limited. Consultancy income and other services are among the primary products and revenue sectors for Caspian Corporate Services Limited, a 2011 incorporation.

The firm provides a wide range of services including FMS, housekeeping services, security services, property management services, office support services, M&E services, pest control services, disinfection services, and customer support. It has over 11+ years of domain competence. Due to its debt-free status, high promoter holdings, multibagger returns, and dividend announcement, the penny stock is likely to be in the spotlight.

Caspian Corporate Services Dividend

"Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Record Date for the purpose of ascertaining the entitlement of members to the Final Dividend of Rs 0.05/- per equity share on the face value of Rs 1/- each on the equity shares of the Company for the FY 2022-23 as recommended by the Board of Directors of the Company in their meeting held on 30th May, 2023 has been fixed as Tuesday, 17 October, 2023. The payment of such dividend shall be subject to deduction of tax at source and will be made within 30 days from the date of approval by the shareholders in the 12th Annual General Meeting," said Caspian Corporate Services in a stock exchange filing.

Caspian Corporate Services Financials

The company recorded a revenue from operations of Rs 0.26 Cr in the June 2-2023 quarter compared to Rs 0.10 Cr in the June 2022 quarter whereas in the entire FY23, its revenue stood at Rs 1.11 Cr. The company's net income reached Rs 0.39 Cr in Q1FY24 as against Rs 0.14 Cr in Q1FY23 whereas in the entire FY23, its net income stood at Rs 1.36 Cr. Caspian Corporate Services said its net profit reached Rs 0.02 Cr in the June 2023 quarter compared to Rs 0.04 Cr in the corresponding quarter of FY23 whereas in the entire FY23, its PAT stood at Rs 0.45 Cr.

Caspian Corporate Services Share Price History

On Friday, the shares of Caspian Corporate Services closed on the BSE at Rs 33.49 apiece up by 4.98% over the previous close of Rs 31.90. The shares of Caspian Corporate Services made a 52-week-high of Rs 37.87 on (22/09/2023) and a 52-week-low of Rs 6.26 on (01/12/2022) indicating that at the current market price, the stock is trading 11.56% below the 1 year high and 434.98% above the 1 year low. The stock has delivered multibagger returns of 120% over the past five years and 574% over the past three years.

The stock price climbed from Rs 8.80 to the current market price in the past year, representing a multibagger return of 305%. On a YTD basis, it has climbed by 144.81% so far in 2023. As per the data of Screener, Caspian Corporate Services is a debt-free company which recorded a promoters' shareholding of 74.97% and a public stake of 25.04%. The promoter stake of the company is much higher than its peers such as Bajaj Finance, Bajaj Finserv, Jio Financial, Cholamandalam Investment & Finance Company, Bajaj Holdings, SBI Cards and Shriram Finance.