Multibagger Penny Stock Below Rs 6 Declares 1:4 Bonus Shares & Dividend, Scrip At 5% Lower Circuit

Vivanta Industries Ltd is a micro-cap construction company which recorded a market cap of Rs 58.30 Cr on Monday's closing session. The stock ended at a lower circuit limit of Rs 5.83 down by 4.89% over the previous close of Rs 6.13. Despite heavy sell-off in the shares, the company on Monday declared 1:4 bonus shares and final dividend for its eligible shareholders.

"Pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, the Company has fixed Monday, August 21, 2023 as Record Date for the purposes of ascertaining the eligibility of shareholders entitled for; 1. Final dividend i.e. 3% of face value of Rs. 1/- per share for the financial year ended March 31, 2023.

The said final dividend, if approved by the Members at the ensuing Annual General Meeting, shall be paid to those Members whose names appear on the Register of Members or on records of National Securities Depositories Limited or Central Depositories Services (India) Limited as beneficial owners as on above mentioned Record Date. 2. Bonus Equity shares of the Company in the proportion of 1 (One) new fully paid-up equity share of Re. 1/- each for every 4 (Four) existing equity shares of Re. 1/- each for the financial year ended March 31, 2023," said Vivanta Industries in a stock exchange filing on Monday.

During Q1FY24, the company recorded a net income of Rs 14.08 Cr compared to Rs 0.12 Cr in Q1FY23. Its net expenses stood at Rs 13.75 Cr in the quarter ended June 2023 as against Rs 0.08 Cr in the quarter ended June 2022. Its EBIT reached Rs 0.33 Cr in the quarter under review compared to Rs 0.03 Cr in the year-ago quarter. Vivanta Industries said its net profit was Rs 0.33 Cr in Q1FY24 compared to Rs 0.03 Cr in Q1FY23. In the entire FY22-23, its revenue reached Rs 24.74 Cr and net profit stood at Rs 1.46 Cr. Vivanta Industries said its EPS was Rs 1.46 in 12MFY23.

On Monday, the shares of Vivanta Industries closed a lower circuit limit of Rs 5.83 apiece down by 4.89% from the previous close of Rs 6.13. The stock made a 52-week-high of Rs 8.66 on (11/05/2023) and a 52-week-low of Rs 1.41 on (01/08/2022), indicating that at the current market price, the stock is trading 313.47% above the 1 year low and 32.67% below the 1 year high.

The stock has risen from Rs 2.71 to the current market price during the past five years, resulting in a multibagger return of 115.13%. The stock price climbed from Rs 0.31 to the current market price during the past three years, resulting in a multibagger return of 1,856.38%. The stock price jumped from Rs. 1.52 to the current market price over the last year, resulting in a multibagger return of 283.55%. The stock went up from Rs 2.04 to the current market price on a year-to-date basis, posting a multibagger return of 185.78% so far in 2023.
During Q1FY24, the company recorded a promoter shareholding of 42.90% and public stake of 57.10%.