10% Dividend, 1:1 Bonus Issue: Small Cap Stock Set To Reward Bonus Share, Record Date Set

Small cap company operating in construction sector, GPT Infraprojects Ltd shares today jumped 3.39% to Rs 268.20 per share. The company today fixed July 3, 2024 as the record date for bonus share. The company on May 17 recommended 1:1 bonus issue and declared 10% interim dividend i.e. Re 1/share. The company fixed May 30, 2024 as the record date for payment of interim dividend. GPT Infraprojects shares gained 71% in last 3-months and soared 604%. FII/FPI have increased holdings from 0.59% to 0.74% in March 2024 quarter. Kotak Mahindra Life Insurance Company Ltd. has 1.73% stake in the company. GPT Infraprojects bagged order worth 26 crore on June 13, 2024 for the supply of concrete sleepers from the factory at Ladysmith. The company bagged the order from Transnet Freight Rail, South Africa. Check details below:

GPT Infraprojects Share Performance: GPT Infraprojects shares offered rally of more than 58% YTD, gained 68% in last 6-months, and offered eye-popping returns of 1086% in last 5-years. The 52-week high price of GPT Infraprojects share on BSE is Rs 276.35 per share (as on 18/06/2024) and 52-week low price is Rs 59.93 per share (as on 23/06/2023).

GPT Infraprojects Bonus Share: As per the May 17 exchange filing of GPT Infraprojects, "bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10 each for every 1 (One) Equity Shares of Rs. 10 each held by the shareholders of the Company as on the record date to be fixed by the Board / a committee of the Board, subject to the approval of shareholders through Postal Ballot."

GPT Infraprojects Dividend: According to the regulatory filing of GPT Infraprojects issued as on May 17, "declared 3rd interim dividend for FY 2023-24 @ 10% (i.e. Re. 1 per Share) on the equity shares of the Company, total dividend for FY 2023-24 being 30% (i.e. Rs 3 per share) and fixed the Record Date as Thursday May 30, 2024 for the purpose of payment of 3rd Interim Dividend."

GPT Infraprojects Dividend History: It announced 19 dividends since July 18, 2012. In last 1-year, GPT Infraprojects announced an equity dividend amounting to Rs 3.50 per share. At the current share price of Rs 268.20 per share, GPT Infraprojects offers a dividend yield of 1.67%.

GPT Infraprojects Q4: It announced a rally of 55.67% in its consolidated net profit to Rs 16.19 crore for March 2024 quarter as compared to the corresponding quarter of last year. It announced a surge of 10.03% in its revenue from operations to Rs 295 crore for Q4 FY2024 as against Q4 fy2023. Profit before tax announced at Rs 23.78 crore for the quarter under review as compared to Rs 11.91 crore declared in Q4 fy2023. EBITDA surged by 36.9% year-on-year (YoY) to Rs 35.6 crore as EBITDA margin surged by 240 bps to 12.1% for the quarter under review. For the whole year, GPT Infra's consolidated net profit surged 84.2% to Rs 57.84 crore for FY 2024 as compared to FY 2023 consolidated net profit. Meanwhile, revenue from operations jumped 25.85% to Rs 1018.28 crore in FY 2024 as against FY 2023.

How To Be Eligible For GPT Infraprojects' Bonus Share? Record date remains crucial role in determining eligibility of shareholders for receiving dividend and bonus share. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend and bonus share announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. GPT Infraprojects set July 3 as the record date for bonus share.

Disclaimer:

The stock highlights the dividend, bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.