Stock Split Likley On Feb 26: Multibagger Industrial Products Stock Bags Order Worth 10 Mn

Small cap company Sprayking Agro Equipment Ltd shares witnessed rally of 4.15% after the company informed it has received order worth Rs 10 million. The Board of Directors of Sprayking Agro Equipment are scheduled to hold a meeting on February 26, 2024 to consider stock split/sub-division of shares. Current market price of Sprayking Agro Equipment shares on BSE is Rs 272.40 apiece. Sprayking Agro shares rallied 759% in last 1-year. Check details below:

Sprayking Agro Equipment Ltd Bags 10 Million Order, Shares Zoom: As per the BSE filing of the company dated February 19, 2024, "Sprayking Limited (referred to as "Sprayking", "The Company"), brass manufacturer, is pleased to announce that Company has received Purchase order worth INR 10 million for supply of Brass Rod. Formerly known as Sprayking Agro Equipment Limited, the company has undergone a strategic rebranding to better reflect its diverse product offerings and commitment to innovation in the agricultural sector. The latest success in securing a substantial purchase order for Brass Rod further underscores Sprayking Limited's dedication to delivering high-quality products and meeting the evolving needs of its clients."

Commenting on this development, Mr. Hitesh Dudhagara, Managing Director of Sprayking said, "We are thrilled to share that we have recently received a substantial purchase order, valued at approximately INR 10 million, for our high-quality Brass Rods."

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 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 287.98 crore. Sprayking Agro shares surged 33% in last 1-month, gained 34% in last 6-months, and rallied 1257% in last 2-years. In last 3-years, Sprayking Agro shares gained 2408% and 2170% in last 5-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 Limited (Formerly known as Sprayking Agro Equipment Limited) is engaged in the manufacturing of brass components and parts, including fittings, 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. Sprayking is in the business of manufacturing and trading of agricultural sprayer parts & garden fittings, extruded brass rods, brass fittings & lead free Brass fittings and forging specialty.

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