After 167% Return In 1-Yr, Small Cap Stock Splits Today: Shares Hit 52-Week Low, Eligible?

Small cap company engaged in manufacturing of brass components and parts, Sprayking Ltd shares today hit 52-week low after the stock split into 5 new shares. Earlier, Board of Directors of Sprayking Ltd declared April 12, 2024 as the record date for 1:5 stock split. The stock was priced Rs 226.40 per share on April and today's current market price of Sprayking share is Rs 41.90 post-split. Sprayking shares gave return of 167% in last 1-year and soared 1260% in last 2-years. Check details below:

Sprayking Trades Ex-Split: As per the regulatory filing of Sprayking Ltd dated April 1, 2024, Board of Directors of the Company fixed the 'Record Date' as Friday, April 12, 2024 for the purpose of sub-division /split of each equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into five (5) equity shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up.

How To Be Eligible For Sprayking Stock Split: Investors holding shares of Sprayking in their Demat account on the record date will become eligible for the stock split. They must hold shares of Sprayking as on April 12 which is the record date for sub-division. The record date is a date when the company figures out the registered shareholders eligible for a stock split.

Sprayking Agro Shares Performance & Return: Sprayking shares 52-week high price is Rs 60.04 apiece (as on 08/02/2024) and 52-week low price is Rs 16.62 apiece (as on 18/04/2023). The company has a market capitalisation of Rs 221.40 crore. Sprayking shares gave return of 11% in last 6-months, soared 167% in last 1-year, and 1260% in last 2-years.

Sprayking Ltd Bonus Share In 2023: The company declared bonus share in the ratio of 2:3 in 2023 and ex-bonus date was set as April 28, 2023.

Sprayking Agro Financials: The company for the quarter ended December 2023 declared its net profit at Rs 0.12 crore, down 77.2% as against Rs 0.51 crore declared in the corresponding quarter of last year. It announced its net sales for December 2023 quarter at Rs 2.41 crore, down 54.55% from Rs 5.30 crore announced in December 2022. The company's EBITDA stood at Rs 0.32 crore for December 2023 quarter, down 38.46% as compared to Rs 0.52 crore in December 2022. The company's EPS fell to Rs 0.11 in December 2023 from Rs 0.80 in December 2022.

About: Formerly known as Sprayking Agro Equipment Limited, the Company have now rebranded itself as Sprayking Limited. This change reflects our evolving business strategy and broader aspirations as we continue to expand our product offerings and explore new avenues in the market. Established in 2005, Sprayking Limited(Formerly known as Sprayking Agro Equipment Limited) is engaged in the manufacturing of brass components and parts, including fittings, forging equipment, transformer parts, and other customized brass components, according to its official website.

Disclaimer:

The stock highlights the stock split 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.