Evan Electric, a diversified commercial services company, has turned ex-bonus on Thursday, December 26, 2024, for a ratio of 1:1. This will be the second bonus issue in a little over a year. Evan Electric's stock price has adjusted accordingly and is currently above Rs 210 on BSE.
Evan Electric Share Price:
On the ex-date, Evan Electric shares ended at Rs 210.05 apiece, up by 2.8% on BSE with a market cap of Rs 115.28 crore. Adjusted to the bonus issue, the stock's 52-week high and low are at Rs 251.90 apiece and Rs 83.15 apiece respectively.
Evan is a multibagger compared to its 52-week low, as the stock is currently up by 153% on BSE.
Fundamentals of Evan Electric Stock:
As per Trendlyne data, the following are the fundamentals of Evan Electric stock:
- Stock Price rose 139.29% and underperformed its sector by 23.05% in the past year.
- Debt to Equity Ratio of 0.02 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Return on Equity(ROE) for the last financial year was 26%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.
- Mutual Fund Holding remained the same in the last quarter at 0%.
- Promoter Share Holding stayed the same in the most recent quarter at 59.44%.
- Interest Coverage Ratio is 27.29, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
- Promoter Pledges are zero.
Evan Electric Bonus Issue:
The company turned ex-bonus on December 26, for the purpose of ascertaining the eligibility of shareholders for entitlement of Bonus Shares in the ratio of 1 (One) Equity Share of Re. 10/- (Rupee Ten Only) each for every 1 (One) Equity Shares of Re. 10/- (Rupee Ten Only) each.
This will be the second bonus issue in over 1 year by Evan Electric. The company delivered its first ever bonus issue of 1:1 ratio in February 2023.
In the past 12 months, the company has also delivered dividends up to Rs 3 per share. While its current dividend yield is at 1.43%.
About Evan Electric:
Incorporated in 1951, Evans Electric Ltd has grown from humble beginnings to developing a brand of its own, with National and International recognition for a list of achievements, many of which are an envy to leading Electrical Engineering Companies across the Globe.
While providing exclusive and ever advancing repair, refurbishment and support services to the entire Power Generation, Distribution, Manufacturing and Process industries, the Company has grown in strength and focus, catering to the needs and demands of all types of Electro-Mechanical equipment used in Industry today.
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