After Rs 15/Share Dividend, 1:1 Bonus Issue Declared: Industrial Products Stock Slips 8%

Small cap company The Anup Engineering Ltd today (March 20) recommended 1:1 bonus share implying shareholders will be eligible to receive 1 bonus share for every one share held as on the record date. The company will intimate the record date for bonus share in due course. Current market price of The Anup Engineering Ltd share on BSE is Rs 3010.95 apiece with intraday fall of 8.08%.

Despite sharp decline of 8.08%, The Anup Engineering shares hit 52-week high and witnessed spurt in volume by more than 3.71 times. The Anup Engineering stock today hit 3rd consecutive 52-week high. Check details below:

The Anup Engineering Ltd Recommends Bonus Share: As per the regulatory filing of the company dated March 20, 2024, "Issue of Bonus Equity Shares in the proportion of 1:1 i.e. 1 (One) bonus equity share of Rs. 10/- (Rupees Ten Only) each for every 1 (One) existing equity share of Rs. 10/- (Rupees Ten Only) each fully paid up, held by the members of the Company as on the Record Date, subject to the approval of Members of the Company and subject to any other applicable statutory/regulatory approvals. The Record Date for reckoning eligible shareholders entitled to receive bonus shares will be communicated in due course."

The Anup Engineering Ltd Shares Performance & Return: The 52-week high price of The Anup Engineering Ltd shares on BSE is Rs 3324.35 per share and 52-week low price is Rs 952.00 per share, respectively. The company has a market capitalisation of Rs 2988.11 crore. The Anup Engineering Ltd shares offered shareholders multibagger returns over the years. In last 6-monhts, The Anup Engineering stock gained 44%, rose 204% in last 1-year, and offered return of 252% in last 2-years. The Anup Engineering Ltd stock gained 422% in last 3-years.

The Anup Engineering Ltd has a ROE of 17.62, PE of 39.21, and EPS (TTM) of 83.55.

The Anup Engineering Ltd To Acquire 100% Stake Mabel: As per the exchange filing of the company, "With reference to the captioned subject, we would like to inform you that the Company has entered into definitive share purchase agreement at 11:00 PM on 15th March 2024 to acquire 100% equity shares of Mabel Engineering Private Limited. ("Mabel")"

The Anup Engineering Ltd Dividend Share History: The Anup Engineering Ltd. announced 5 dividends since July 30, 2019. In last 12 months, it announced an equity dividend amounting to Rs 15.00 per share. At the current share price of Rs 2708.05, The Anup Engineering offers dividend yield of 0.55%.

The Anup Engineering Financials: The company for the quarter ended December 30, 2023 declared its net sales at Rs 128.40 crore, up 12.22% as against Rs 114.442 crore in the corresponding quarter of last year. Its quarterly net profit for December 2023 declared at Rs 20.17 crore, up 37.46% from Rs 14.67 crore in December 2022. EBITDA of the company stood at Rs 32.64 crore for December 2023, up 36.86% as against Rs 23.85 crore in December 2022. The EPS soared to Rs 20.35 in December 2023 from Rs 14.84 in December 2022.

Disclaimer: The stock highlights the 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.