Bonus Shares In 1:1 Ratio: 26 December - Record Date; Best Time To Invest?

Evans Electric Ltd., one of the top electrical engineering companies in the world, was founded in 1951. Evans Electric Ltd. is the most reputable firm in India for electro-mechanical servicing and repairs. In May 2019, the firm made history by being the first Electro-Mechanical Repair and Rewind Service firm in India to be listed on the Bombay Stock Exchange. The firm serves all kinds of electro-mechanical equipment used in industry today and offers unique and cutting-edge repair, refurbishing, and support services to the whole power generation, distribution, manufacturing, and process sectors.

Evans Electric Bonus Shares

"We would like to kindly inform you that the Company has fixed Thursday, 26 December, 2024 as the record date for the purpose of ascertaining the eligibility of shareholders for entitlement of Bonus Shares in the ratio of 1 (One) Equity Share of Re. 10/- (Rupee Ten Only) each for every 1 (One) Equity Shares of Re. 10/- (Rupee Ten Only) each, for which the Company has obtained shareholders' approval on Friday, December 13, 2024. We request you to kindly take the aforesaid dates on your record," said Evans Electric in a stock exchange filing.

Evans Electric Financials

Evans Electric has a solid balance sheet, significant cash flows, and is virtually debt-free. The firm recorded net sales of Rs 4.77 Cr for the half-year that ended in September 2024, as opposed to Rs 9.18 Cr for the half-year that ended in September 2023. Compared to Rs 4.83 Cr in the same period of the previous fiscal year, its expenditure came to Rs 3.46 Cr. In H2FY25, the company's operating profit was Rs 1.31 Cr, up from Rs 4.35 Cr in H2FY24. According to Evans Electric, its net profit for H2FY25 was Rs 0.98 Cr, up from Rs 3.22 Cr for H2FY24. Evans Electric Ltd. has a market value of Rs. 106.85 Cr as of Dec. 16, 2024, 03:21 PM.

Evans Electric Share Price Target

"Evans Electric stock price is bullish on the Daily charts with strong support at 354. A Daily close above the resistance of 458 could lead to a target of 504 in the near term," commented A R Ramachandran, Independent Research Analyst.

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