1:1 Bonus Share Update: 21st April Record Date Cancelled But Bulls Remain; Should You Buy Now?

Captain Technocast Limited is a manufacturing business that specializes in investment castings and related components. The firm manufactures a broad range of castings for a number of industries, including engineering, automotive, aerospace, and defense, according to its website. The company was established in 2010 and has its headquarters in Rajkot, Gujarat, India. Following the Board's withdrawal of the record date for 1:1 bonus shares, which was scheduled for April 21st, Captain Technocast's shares were trading on the BSE on Thursday at a 5% lower circuit limit of Rs 510 per share, with a market capitalization of Rs 592.11Cr.

Captain Technocast Bonus Shares Update

"This is to inform that in reference to our earlier letter dated 12th April, 2025, company is withdrawing the 'Record Date' "21st April, 2025", for determining eligible shareholders entitled to receive the Bonus Shares in ratio of 1:1. Further the new record date in this regard shall be informed accordingly," said Captain Technocast in a stock exchange filing on Wednesday.

Captain Technocast Financials

From Rs 59.09 crore in FY23 to Rs 64.22 crore in FY24, the total revenue of the company increased by 8.7%. From FY23 to FY24, net profit rose from Rs 2.92 crore to Rs 3.85 crore, a 31.8% rise. EBITDA increased from Rs 6.40 crore in FY23 to Rs 7.31 crore in FY24, indicating greater efficiency in operations. The company's net profit margin grew from 4.88% in FY23 to 5.91% in FY24, although its EBITDA margin only marginally rose from 10.69% in FY23 to 11.40% in FY24. In FY24, the company's ROCE climbed from 16.85% to 18.55%, while its ROE increased from 14.10% to 15.57%, indicating stronger capital use for profit-making.

Captain Technocast Share Price Target

"Captain Technocast stock price is bullish on the Daily charts with strong support at 510. A Daily close above resistance of 536 could lead to a target of 590 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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