5,298% Rally In 3-Yrs: After Bonus, Stock Split Debt-Free Stock Incorporates Subsidiary

Small cap stock, Hardwyn India Ltd issued a regulatory filing on September 29 informing the incorporation of subsidiary company, 'Slimx Interior Solutions Private Limited'. Last trading price of Hardwyn India share on BSE is Rs 37.79 per share with intraday fall of 0.50%. Hardwyn India shares soared 86% in last 6-months and rallied 5298% in last 3-years. Check details below:

Hardwyn India Incorporates Subsidiary: As per the BSE filing issued on September 29, 2023, "With reference to the captioned subject, Company in its board meeting held today proposes to incorporate Subsidiary in the name and style, 'SLIMX INTERIOR SOLUTIONS PRIVATE LIMITED' Registrar of Companies (Delhi), being subscribers and making an investment of Rs 20,00,000/- (2,00,000 Equity Shares of Rs 10/- each), of which Rs 17,00,000/-(1,70,000 Equity Shares of Rs. 10 each) shall be subscribed in the very name of the company."

Hardwyn India Traded Ex-Bonus, Ex-Split In June 2023: The company earlier this year informed exchanges that its board had approved stock split in the proportion of 1:10 and gave nod to bonus issue in the ratio of 1:3. Hardwyn India set June 5, 2023 as the record date.

Hardwyn India Stock Outlook & Return: Last trading price of Hardwyn India share is Rs 37.79 per share with intraday fall of 0.50%. Its 52-week high price is Rs 57.00 per share and 52-week low price is Rs 17.25 per share, respectively. The company's market capitalisation is Rs 1318.42 crore. Hardwyn India stock gained 86% in last 1-year, soared 881% in last 2-years, offered return of 5298% in last 3-years, and surged 9589% in last 5-years.

Hardwyn India Financials: The company for the quarter ended June 30, 2023 announced a 16% surge in its net profit YoY to Rs 1 crore as against Rs 0.87 crore declared in the year ago period. The operating profit for the quarter ended June 30, 2023 declared at Rs 1.59 crore. Net sales soared 6.85% to Rs 27.3 crore as against 25.60 crore in the corresponding quarter of the last financial year, as per the exchange filing.

About Hardwyn India: It is a leading manufacturer of architectural hardware and glass fittings, providing complete solutions for both residential as well as commercial structures since the past 5 decades. It has made its presence felt globally to create a Global Supply Chain and trusted distribution footprint. It came into existence in 2017.share with intraday fall of 0.50%. Its 52-week high price is Rs 57.00 per share and 52-week low price is Rs 17.25 per share, respectively. The company's market capitalisation is Rs 1318.42 crore. Hardwyn India stock gained 86% in last 1-year, soared 881% in last 2-years, offered return of 5298% in last 3-years, and surged 9589% in last 5-years.

Hardwyn India Financials: The company for the quarter ended June 30, 2023 announced a 16% surge in its net profit YoY to Rs 1 crore as against Rs 0.87 crore declared in the year ago period. The operating profit for the quarter ended June 30, 2023 declared at Rs 1.59 crore. Net sales soared 6.85% to Rs 27.3 crore as against 25.60 crore in the corresponding quarter of the last financial year, as per the exchange filing.

About Hardwyn India: It is a leading manufacturer of architectural hardware and glass fittings, providing complete solutions for both residential as well as commercial structures since the past 5 decades. It has made its presence felt globally to create a Global Supply Chain and trusted distribution footprint. It came into existence in 2017.

Disclaimer

The stock just highlights incorporation of subsidiary 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.