Multibagger Engineering Stock With High TTM EPS Announces Stock Split In 1:5 Ratio

TD Power Systems Ltd was incorporated on April 16, 1999. The company was listed on the Bombay Stock Exchange and the National Stock Exchange on September 8th 2011. TDPS is one of the leading manufacturers of AC Generators in the world with products in the output range of 1 MW to 200 MW for prime movers, such as steam turbines, gas turbines, hydro turbines, diesel engines, gas and wind turbines.

The stock has announced stock split in 1:5 ratio. Check key takeaways below pertaining to stock split, outlook, and other aspects:

What Is Stock Split?

When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines.

The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.

TD Power Systems Ltd Announces Stock Split In 1:5 Ratio

The board of directors announced in its BSE filing dated August 30, 2022, "Sub-division of existing One (1) Equity Share having face value of Rs.10/- each into Five (5) Equity Shares having face value of Rs.2/- each, subject to the approval of shareholders of the Company and regulators/statutory approvals as may be required. The Record date will be decided post ensuing Annual General Meeting and intimated to the stock exchanges."

TD Power Systems Ltd Stock Outlook

The current market price of the stock is Rs 586 apiece. The stock gained 2.10% in trading as on August 30, 2022 after the company announced decision to split its stock.

TD Power Systems Ltd Market Capitalization

The market capitalization of the stock is Rs 1,826.93 crore.

TD Power Systems Ltd 52 Week High/Low

The stock's 52-week high is Rs 638 apiece and 52-week low is Rs 275 apiece, respectively.

TD Power Systems Ltd Return

The stock has given a return of 108% in 1 year, 340% in 3 years, and 175% in 5 years.

TD Power Systems Ltd About

It manufactures special application generators for Geo Thermal and Solar thermal applications. It focuses on manufacturing custom-designed generators for our customers who are based all over the world.

TDPS generators are designed to perform with the highest efficiency.

It has supplied 2500 generators working in 72 countries across the globe. It has service partners in 19 countries covering all continents.