Multibagger Small Cap Stock To Consider Dividend On Feb 6, Q2 Net Profit Up 337%

Small cap company operating in Industrial Product segment, John Cockerill India Ltd shares soared 9.91% in trade today soon after it informed about its upcoming meeting of Board of Directors on February 6, 2024 to consider interim dividend and financial results.

John Cockerill has a market capitalisation of Rs 1721.86 crore. John Cockerill shares witnessed a rally of 29% in last 3-months and rose 163% in last 2-years. Check details below:

John Cockerill To Consider Dividend, Financial Results: As per the BSE filing of the company dated January 16, 2024, "A meeting of Board of Directors of the Company will be held on Tuesday, February 6, 2024, inter-alia, to consider and approve the Audited Financial Results of the Company for the quarter and nine months period (financial year) ended December 31, 2023. Please refer our previous communication dated November 2, 2023 wherein the change of financial year was informed and the new financial year to be from January to December. This being the first year of change of financial year, will be for a period of nine months from April 1, 2023 to December 31, 2023."

Please note that at the above-mentioned Board Meeting, the Directors shall also consider recommendation of dividend, if any, on the shares of the Company for the nine months period ended December 31, 2023, added the regulatory filing.

John Cockerill India Stock Outlook & Return: The 52-week high price of John Cockerill India share on BSE is Rs 3501.90 per share and 52-week low price is Rs 1370.00 per share, respectively. John Cockerill India shares soared 17% in last 1-week only, rose 136% in last 1-year, gained 335% in last 3-years, and surged 257% in last 5-years.

John Cockerill India Financials: The company for the quarter ended September 30, 2023 declared its net sales at Rs 191.56 crore, up 348% from 42.70 crore in the corresponding quarter of last year. The company reported its quarterly net profit at Rs 6.98 crore in September 2023, up 337.11% from Rs 2.95 crore in September 2022. Its EBITDA stood at Rs 9.11 crore in September 2023, up 1112.22% from Rs 0.90 crore reported in the similar quarter of last year. The EPS also surged sharply to Rs 14.15 in September 2023 from Rs 5.97 reported in September 2022.

John Cockerill India About: John Cockerill Industry is Indian hub and center of excellence for cold rolling mill complexes. It is engaged in the conception, manufacture and installation of reversible cold rolling mills. It has developed a wide range of technologies in the field of processing lines, rolling mills, thermal and chemical processes. It also supplies auxiliary steel treatment equipment.

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