Vertoz Ltd's share price has tumbled by over 7% after its first ex-split and ex-bonus last month. Rahul Gandhi is one of the top renowned investors of this penny stock. Although, Gandhi's number of shares in Vertoz surged, he has recorded losses on a month-on-month basis. Vertoz has rewarded investors with a 1:10 stock split and a 1:1 bonus issue.
Vertoz Ltd Share Price:
Vertoz is only listed on NSE. The stock price ended at Rs 33.35 apiece on August 2, 2024, with a market cap of Rs 1,552.60 crore. However, Vertoz has traded volatile after ex-split and ex-bonus last month.
Vertoz turned ex-split and ex-bonus on July 5. Adjusting to these two corporate actions, it share price on July 5th was at Rs 36.05, and since then the stock has corrected sharply, giving a mild short term loss to investors.
Vertoz Advertising Stock Split:
Vertoz first turned ex-split on July 5. The stock sub-divided 1 equity share with a face value of Rs 10 each to ten smaller shares with a face value of Re 1 each. Accordingly, the stock split ratio is 1:10.
Vertoz Advertising Bonus Share:
Further, on July 5th, the stock also turned ex-bonus for a 1:1 ratio. Meaning, the company will allot 1 free bonus share on every 1 existing equity share.
Vertoz Advertising Rahul Gandhi:
As per the affidavit filed by Rahul Gandhi before the Election Commission of India, his shareholding before the stock split and bonus issue stood at 260 shares in Vertoz.
But thanks to the stock split and bonus issue, the number of shares held by Rahul, rose to 5,200 equities of Vertoz. How?
Taking the 1:10 stock split ratio, the 260 shares of Rahul Gandhi multiplied and jumped to 2,600 shares (260x10).
Then apply the 1:1 bonus issue, his 2,600 shares after the split ratio, will receive another 2,600 bonus shares, doubling his portfolio to 5,200 shares.
Fundamentals of Vertoz Stock:
As per Trendlyne, following are the fundamentals of Vertoz shares:
- Annual Revenue rose 87.37%, in the last year to ₹156.95 Cr. Its sector's average revenue growth for the last fiscal year was 22.8%.
- Annual Net Profit rose 42.96% in the last year to ₹15.78 Cr. Its sector's average net profit growth for the last fiscal year was -95.94%.
- Stock Price rose 146.72% and outperformed its sector by 92.25% in the past year.
- Debt to Equity Ratio of 0.09 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Mutual Fund Holding remained the same in the last quarter at 0%.
- Interest Coverage Ratio is 15.08, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
- Promoter Pledges are zero.
- Promoter Share Holding increased by 26.95% in the most recent quarter to 64.47%.
- Return on Equity(ROE) for the last financial year was 9.96%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.
- Price to Earning Ratio is 151.84, higher than its sector PE ratio of 33.37.
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