Massive 1:5 Stock Split: IT Multibagger Reaches 52-Week High & Upper Circuit; Record Date Confirmed

Enser Communications shares saw a positive uptick today, following a new 52-week high in yesterday's trading session. The boost in sentiment comes after the company announced that February 7, 2025, will be the record date to determine shareholders' eligibility for its upcoming share split.

Established in 2008, Enser Communications Limited is a micro-cap IT firm that specializes in business process management (BPM) services across sectors such as insurance, e-commerce, education, and travel.

Enser Communication Share Performance

Enser Communication, a micro-cap IT stock, has delivered outstanding returns, emerging as a multibagger for its investors. The stock has gained an impressive 109% in the past six months and delivered a whopping 404% return over the last year, making it a standout performer in the small-cap space.

Recently, the stock witnessed heightened activity following the announcement of the record date for its 1:5 stock split. The news triggered a strong rally, pushing the share price to hit the 5% upper circuit and reach a new 52-week high. However, the stock later pared some of these gains.

On January 8, Enser Communication shares closed at Rs.177, marking a modest gain of 1.18% for the day. Despite the recent volatility, the stock has been on a solid upward path, gaining 15% in the past week and 35% over the last three months, indicating strong investor confidence and sustained momentum in its performance.

Enser Communication stock split record date

Enser communication in an exchange filing said", We wish to inform you that the company has fixed "Friday, February 07, 2025" as the record date to determine the eligibility for the purpose of sub-division/split of 1 (one) equity share of the company having a face value of Rs. 10/- (Rupees Ten only) each into 5 (five) equity shares of the company having a face value of Rs. 2/- (Rupees Two only) each. This action is being undertaken pursuant to the approval granted by the shareholders through a postal ballot held on December 14, 2024."

Enser Communication Recent Financial Performance

Enser Communications has demonstrated remarkable financial growth over the past three fiscal years, particularly in FY 2024.As per the Economic Times report, the company's total revenue surged to Rs.46.30 crore in FY 2024, marking a significant 78.68% growth from Rs.25.91 crore in FY 2023 and Rs.16.86 crore in FY 2022. Expenses also increased, reaching Rs.39.18 crore in FY 2024, but at a relatively lower growth rate of 65.26%, indicating better cost management.

Profit after tax (PAT) showed an impressive jump to Rs. 5.27 crore in FY 2024, representing a 229.42% increase from Rs. 1.60 crore in FY 2023. The operating profit margin also expanded to 17.71% in FY 2024, compared to 11.02% in the previous two years.

Additionally, the company's net profit margin rose to 11.44% in FY 2024 from 6.29% in FY 2023 and 4.69% in FY 2022, reflecting stronger earnings performance.

Enser Communication in news

Enser Communications has been proactive in expanding its service offerings and geographical reach. As per Trade Brains reports, the company recently formed a partnership with Teckinfo Solutions for the development of a cloud-based CRM platform tailored for SMEs, focusing on customer acquisition, service, and retention.

Additionally, the firm established service units in Jaipur and Chennai aimed at enhancing service delivery, operational efficiency, and market presence, particularly in South India.

In order to expand the international expansion, the company formed a strategic partnership with Global Arc LLC that is set to strengthen Enser's presence in the UAE and other emerging markets, aligning with the company's global growth ambitions.