Multibagger Stock Approves 1:1 Bonus Shares, Scrip Up 600% In 3 Years

NDR Auto Components is a small cap company that deals in the consumer discretionary sector. NDR Auto Components manufactures seating systems for the automobile industry. The company has declared 1:1 bonus shares for its eligible shareholders and for the purpose of the same record date has also been finalized.

The Board of Directors approved the "Issue of 1 (one) Bonus Share for every 1 (one) Equity Share held by the Equity Shareholders of the Company as on 'Record Date'. The Bonus Issue of Equity Shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals as may be required." It is further informed that the Record Date for the purpose of determining eligible shareholders entitled to receive bonus equity shares is 24th July, 2023," said NDR Auto Components in a stock exchange filing.

The company's net sales in the March 2023 quarter were Rs 130.26 crore, up 63.65% YoY from Rs 79.59 crore in the same quarter in 2022. In Q4FY23, the firm recorded a consolidated net profit of Rs. 9.96 crore, which is a rise of 64.22% from Q4FY22's net profit of Rs. 6.07 crore. From Rs. 10.20 in March 2022 to Rs. 16.76 in March 2023, Ndr Auto Compon EPS has gone up.

The shares of NDR Auto Components Ltd opened today on the BSE at Rs 807.25 apiece and were seen trading at Rs 814 while writing this copy. The stock made a 52-week-high of Rs 897.95 on (30/05/2023) and a 52-week-low of Rs 340.10 on (23/06/2022), indicating that at the current market price, the stock is trading 9.34% below the 1-year high and 139.34% above the 1 year low.

The stock price climbed from Rs 121.25 to the current market price during the past three years, resulting in a multibagger return of 640%. The stock price jumped from Rs 339.75 to the current market price during the course of the past year, resulting in a multibagger return of 132.92%. The stock has surged 39.61% YTD so far in 2023. During Q4FY23, the company recorded promoters' shareholding of 73.95% and a public stake of 26.06%.