Small-Cap Finance Stock, With A Return Of 268% In 1-Year, Announces Stock Split

Alfavision Overseas (India) Limited came into existence in 1994. It is engaged in the business of agriculture-based activities and producing herbal medicines. It is an Indore-based company. The company was initially into the financial services business but later diversified into the business of cultivation and herbal medicinal and cotton yarn. The small cap company has a market capitalization of Rs 48 crore.

1. Alfavision Overseas (India) Limited announces stock split

The board of directors in their BSE filing said, "Pursuant to Regulation 30(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in their meeting held today i.e., on Friday, July 8, 2022, inter alia, approved the following Sub division/ Split of Equity Shares of the Company from face value of Rs. 10/ each into Equity Shares of face value of Rs. 1/ each as per the section 61 (1) (d) of the Companies Act, 2013, subject to regulatory/statutory approvals as may be re quired and the approval of the shareholders of the Company. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. CIR/CFD/CMD/ 4/2015 dated Sep tember 9, 2015 is enclosed herewith as ' Annexure 1'."

Therefore, the stock split of equity shares shall take place from the face value of Rs 10/ each into equity shares of face value of Re 1 in the ratio of 10:1.

2. Alfavision Overseas (India) Limited Stock Outlook

The current market price of the stock is Rs 153.30 apiece and it gained 0.69% in yesterday's trading. The 52-week high is Rs 153.35 and 52-week low is Rs 36.90 apiece. It has registered strong annual EPS growth. It has PE of 23.44 which is lesser than sector PE of 32.84. It has given a return of 268% in 1 year and 159% in 5 years.

3. Alfavision Overseas (India) Limited Overview

It has reported a consolidated total income of Rs 69.21 crore, with a rise of 18% for the quarter ended March 31, 2022 as against Rs 58 crore reported in last quarter. The company has reported a net profit after tax at Rs 1.19 crore in the recent quarter.