Small Cap Stock To Consider Issue of Bonus Shares After 5 Years; Board Meeting On?

One of the top providers of financing to casting manufacturers for the parts of industrial valves is Captain Technocast. Founded in 2010 in Rajkot, Gujarat, India, Captain Technocast Limited is a renowned investment casting manufacturer, feinguss foundry, exporter, and supplier of a high-quality range of automotive, defence, industrial valve, turbine blade, industrial process pump, power plant boiler parts, aerospace, earth moving machinery, engineering and automation, fire fighting equipment, structural hardware, and marine applications casting.

Captain Technocast Bonus Shares

"Pursuant to Regulation 29 other applicable Regulations, if any, of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is hereby given that the meeting of the Board of Directors of the Company will be held on Tuesday, 18TH MARCH, 2025 at the Registered Office of the Company, inter alia, to consider following business: 1. To consider Issue of Bonus Shares to the shareholders of the Company. 2. To fix date, time and venue for conducting the Extra Ordinary General Meeting of the Company and approving draft notice thereof. 3. To appoint a Scrutinizer to scrutinize the e-voting process in a fair and transparent manner for the Extra Ordinary General Meeting to be held. 4. Any other agenda with the permission of Chair. In compliance to the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, we hereby inform you that the trading window for dealing in securities of the company has been closed for the designated person and their immediate relatives, from today i.e. 10th MARCH,2025 till 48 hours from conclusion of proposed board meeting to be held on 18th MARCH, 2025," said Captain Technocast in a stock exchange filing on Monday.

After five years, Captain Technocast has made the decision to announce bonus shares. The corporation had previously announced bonus shares once only in a 1:1 ratio, with the record date being July 23, 2019.

Captain Technocast Financials

In FY24, total revenue increased by 8.7% to Rs 64.22 crore from FY23's Rs 59.09 crore. With a 31.8% growth, net profit jumped from Rs 2.92 crore in FY23 to Rs 3.85 crore in FY24. Better operating efficiency was demonstrated by the EBITDA, which increased to Rs 7.31 crore in FY24 from Rs 6.40 crore in FY23. While the company's EBITDA margin improved somewhat from 10.69% in FY23 to 11.40% in FY24, its net profit margin improved from 4.88% in FY23 to 5.91% in FY24. Better capital utilisation to create profits is shown in the company's ROCE, which grew from 16.85% to 18.55% and ROE, which improved from 14.10% to 15.57% in FY24.

Captain Technocast Share Price Target

"Captain Technocast stock price is slightly bullish on the Daily charts with strong support at 479. A Daily close above resistance of 529 could lead to a target of 606 in the near term," suggested A R Ramachandran, Independent Research Analyst.

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