Gujarat Toolroom, a penny stock engaged in the business of gems, jewellery and industrials products, slipped to hit its lower circuit on February 20, halting its five-consecutive days gaining spree where it gave nearly 37% returns to investors. Gujarat Toolrooms is in focus after announcing its Q3 results and bonus issue allotment. Earlier this week, the stock turned ex-bonus for its bonus issue rewards in the ratio of 5:1.
Gujarat Toolroom Share Price:
On February 20th, after market hours, Gujarat Toolroom's share price ended at Rs 2.34 apiece, at its 5% lower circuit on BSE with a market cap of Rs 325.82 crore. Lower circuits mean that there were several sellers in the stock but no buyers.
The performance comes after Gujarat Toolroom's share price surged sharply between February 13 to February 19. Except for flat closing on February 17th, Gujarat Toolrooms stock was up 10% each on February 18 and 19th, while the stock was up by 10.2% and 2.9% on February 13 and 14th. That being said, in previous five sessions, the stock gave 36.7% returns to its investors.
These performances are adjusted to its bonus issue ratio.
Gujarat Toolroom Bonus Issue Allotment:
This week, Gujarat Toolroom's share price turned ex-bonus on February 18 for its bonus issue ratio of 5:1.
Later on February 19, Gujarat Toolroom announced that the board approved the allotment of 116,03,28,150 Equity Shares of Rs. 1/- each as fully paid bonus equity shares, to the members whose names appear in the Register of Members as of 18th February 2025 i.e. Record Date fixed for this purpose, in the proportion of 5:1 i.e 5 (Five) Equity Share of Re 1/- each for every 1 (One) Equity 'Shares of Re. 1/- each held.
Consequently, the paid-up equity share capital of the Company has increased from Rs. 23,20,65,630 /- consisting of 23,20,65,630 equity shares of Rs. 1/- each to Rs. 139,23,93,780/- consisting of 139,23,93,780 equity shares of Rs. 1/- each, as per the filing.
Gujarat Toolroom Q3 Results:
During the December 2024 quarter, the company reported revenue from operations of Rs 47.67 crore, which was lower from Rs 57.97 crore in Q3FY24 and Rs 80.33 crore in Q2FY25. Net profit for the period was at Rs 1.33 crore in Q3FY25, also down from Rs 3.99 crore in Q3FY24 and Rs 6.14 crore in Q2FY25.
Gujarat Toolroom Stock Analysis:
As per Trendlyne data, the following are the fundamentals of Gujarat Toolroom stock price:
- Price to Earning Ratio is 0.62, lower than its sector PE ratio of 48.77.
- Stock Price fell 75.11% and underperformed its sector by 176.41% in the past year.
- Debt to Equity Ratio is zero as the company is debt-free.
- Return on Equity(ROE) for the last financial year was 91.85%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.
- Mutual Fund Holding decreased by 0.06% in the last quarter to 0.07.
- Promoter Pledges are zero.
About Gujarat Toolroom:
Gujarat Toolroom is among the trusted traders in rare gemstones and precious metals, providing high-quality gold, silver, diamonds, and other valuable resources to meet the demands of global markets. The company offers Mining With years of expertise in the mining sector. Accordingly, the company is engaged in a diverse range of industries.
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