Shakti Pumps Bonus Issue: The smallcap company, engaged in compressors, pumps & diesel engines, is going to reward investors with hefty bonus issue. To be precisely, Shakti Pumps stock will deliver up to 5 free shares on existing 1 share. Shakti Pumps is a 2024 multibagger, with gains of nearly 340%. Currently, the stock price is at Rs 4,480 levels, and the consensus recommendation is BUY on Shakti Pumps.
Shakti Pumps Share Price:
After market hours of November 14, Shakti Pumps stock closed at Rs 4482.75 apiece, up by Rs 94.30 or 2.15% on BSE. The company's market cap is at Rs 8,981.23 crore. The stock's 52-week high and low is at Rs 5,151 apiece and Rs 929.15 apiece respectively.
YTD, Shakti Pumps stock price has skyrocketed by a whopping 337% so far. The stock was near Rs 1,031 levels in the start of January 2024. All-time gains of the stock is a whopping 22,400%. Once upon a time, the stock was at meagre Rs 20 on October 3, 2003.
Shakti Pumps Bonus Issue:
The company has fixed Monday, November 25, 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company. The bonus issue is of 5:1 ratio, meaning that it will give 5 bonus shares on existing 1 stock.
Bonus shares are one of the many corporate actions that listed companies announce on several occasions. Bonus shares are like incentives which are free of cost given to investors. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.
Buy Shakti Pumps Stock?
As per Trendlyne data, the consensus recommendation from 1 analyst for Shakti Pumps (India) Ltd. is STRONG BUY.
Some of the key fundamentals of the stock as per Trendlyne are:
- Annual Net Profit rose 487.23% in the last year to ₹141.71 Cr. Its sector's average net profit growth for the last fiscal year was 33.09%.
- Stock Price rose 315.14% and outperformed its sector by 138.16% in the past year.
- Debt to Equity Ratio of 0.11 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Mutual Fund Holding decreased by 0.04% in the last quarter to 6.55.
- Interest Coverage Ratio is 11.73, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
- Price to Earning Ratio is 27.21, lower than its sector PE ratio of 60.12.
- Return on Equity(ROE) for the last financial year was 18.75%, in the normal range of 10% to 20%.
- Promoter Share Holding stayed the same in the most recent quarter at 51.58%.
- Promoter Pledges are zero.
About Shakti Pumps:
Shakti Pumps (India) Limited, a pioneer in manufacturing of energy-efficient pumps and motors since 1982. The company is at the forefront of providing a variety of renewable energy solutions, primarily for the agriculture sector. The company has over 1200 product portfolio, which have been indigenously developed by their Research & Development department. With an investment of 3-4% of the company's net profit towards Research & Development, innovation is the backbone of their operations. The company has a strong commitment to innovate and develop technologically advanced products to meet India's irrigation & pumping requirements.
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