Blue Pearl Agriventures, engaged in commodity chemicals and trading as a penny stock, froze at its fresh 52-week high during last week's trading session, ahead of its first-ever stock split. Blue Pearl is going to split in the ratio of 1:10, and to be eligible investors should have their shares before the record date. Despite market volatility, Blue Pearl's share price has surged outperforming indices and benchmarks Sensex and Nifty. In six months, the stock nearly tripled investors' money!
Blue Pearl Agriventures Ltd Share Price:
After market hours on March 13, Blue Pearl shares were locked at their new 52-week high of Rs 176.55 apiece on BSE, with a market cap of Rs 4.52 crore. Year-to-date, the stock has jumped by over 34%. While in six months, Blue Pearl stock skyrocketed by a whopping 183.84%. In a year, the upside was 299.16%, making it a multi-bagging stock.
Blue Pearl Agriventures Ltd Stock Split:
The company fixed March 20th as the record date for the purpose of Sub-Division of 1 (one) Equity Share of the face value of Rs. 10/- (ten) each fully paid up into 1 (One) Equity Share of Rs. 1/- (one) each fully paid up, resulting in issuance 10 (ten) Equity Shares of Rs. 1/- (one) each fully paid up, thereby keeping the paid up capital intact.
The stock split ratio is 1:10.
Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.
Blue Pearl Agriventures Ltd Stock Analysis:
Broadly, Blue Pearl share price is attractive. As per Trendlyne data, following are its fundamentals for analysis:
- Price to Earning Ratio is 4.87, lower than its sector PE ratio of 47.61.
- Stock Price rose 319.06% and outperformed its sector by 307.52% in the past year.
- Quarterly Revenue rose 27,322.79% YoY to ₹10.23 Cr. Its sector's average revenue growth YoY for the quarter was 10.78%.
- Quarterly Net profit rose 15,237.5% YoY to ₹0.37 Cr. Its sector's average net profit growth YoY for the quarter was 193.62%.
- Debt to Equity Ratio of -2.21 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%.
- Promoter Pledges are zero.
- Promoter Share Holding stayed the same in the most recent quarter at 19.67%.
About Blue Pearl Agriventures Ltd:
The incorporation of the company was as E-WHA Foam India Limited (EFIL) in November 1992. So far, the company has not carried out any significant business activity. The Company now proposes to set up a unit at Sancoale Industrial Estate of Goa, Daman & Diu Industrial Development Corporation, Goa to produce 1500 tonnes of polyethylene foam products. Polyethylene foam is characterised by a high degree of heat resistance, resilience and buoyancy. Besides packaging applications, mainly as a cushioning material, it also finds application in industry segments viz., automobile, shoe uppers, sports goods, carpet lining, air-conditioning, refrigeration etc. Polyethylene foam is environmentally safe.
E-WHA Foam India changed its name to Blue Pearl Texspin Ltd in 2012. But later, in 2024, the Company name has changed from Blue Pearl Texspin Ltd.to Blue Pearl Agriventures Ltd.
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