Low PE, High ROE Stock Declares 1:5 Stock Split & Dividend: Check Record Date

Cantabil Retail India is a small cap CDGS company dealing in the garments & apparels sector. The company Cantabil Retail India Ltd. is in the business of developing, manufacturing, branding, and selling garments under the CANTABIL brand. After the business announced a stock split and dividend, the stock is currently trading in the green.

The Board of Directors have approved "The proposal of Stock Split/ Sub-Division of every 1 (one) equity share of the Nominal/Face value of Rs. 10/- (Rupees Ten Only) each into 5 (Five) equity shares of the Nominal/Face value of Rs. 2/- (Rupees Two Only) each. 2. Record date for the purpose of Stock Split/ Sub-Division is 20th October, 2023," said Cantabil Retail India in a stock exchange filing.
The Board has approved "Recommendation of Final Dividend of Rs. 2.50/- (Rupees Two and Fifty Paisa Only) Per Share for the Financial Year 2022-23. 2. The record date for the purpose of payment of final dividend is 15th September, 2023," said Cantabil Retail India in a stock exchange filing.

The company recorded a net income of Rs 112.91 Cr in Q1FY24 compared to Rs 173.91 Cr in Q4FY23. Its net expenses stood at Rs 90.74 Cr in the quarter ended June 2023 compared to Rs 144.50 Cr in March 2023 quarter. Cantabil Retail India said its EBIT was Rs 22.16 Cr in the quarter under review as against Rs 29.41 Cr in the previous quarter while its net profit reached Rs 12.27 Cr in Q1FY24 compared to Rs 16.88 Cr in Q4FY23.

On Wednesday, the shares of Cantabil Retail India opened on the BSE at Rs 1058.85 apiece and while writing this copy the stock was trading at Rs 1081.80 with an upside gap of +3.45% from the previous close of Rs 1045.75. The stock made a 52-week-high of Rs 1,595.00 on (09/09/2022) and a 52-week-low of Rs 800.50 on (29/03/2023). During Q1FY24, the company reported promoters shareholding of 74.97% and public stake of 25.03%. As per the data of Trendlyne, Cantabil Retail India has a Price to Earning Ratio of 27, lower than its sector PE ratio of 78.2 and return on equity(ROE) for FY23 was 30.4%, more than 20% in FY22.