Synopsis:
Geekay Wires Limited sets Friday, October 24, 2025, as the record date for the 1:2 stock split share issue.
This Penny Steel stock, engaged in manufacturing niche quality galvanized steel wires, collated nails, stainless steel fasteners, and specialty wire products for industries like power transmission, construction, automotive, and agriculture applications, jumped 2 percent after the company board set a record date for the 1:2 stock split share issue.
With a market capitalization of Rs. 350.82 crores, the share of Geekay Wires Limited has reached an intraday high of Rs. 67.49 per equity share, rising nearly 1.93 percent from its previous day’s close price of Rs. 66.21. Since then, the stock has retreated and is currently trading at Rs. 67.13 per equity share.
What is the news?
Geekay Wires Limited’s Board of Directors has fixed Friday, October 24, 2025, as the Record Date for determining the eligibility of shareholders for the allotment of Stock Split Shares.
The board has decided to issue Stock Split shares at a ratio of 1:2, meaning that each equity share face value of Rs. 2 will be divided into two equity shares share value of Re. 1 each.
For example, if a shareholder owns 100 shares valued at Rs. 2 each in Geekay Wires Limited, after the 1:2 stock split, their total holding will increase to 200 shares. The value of the holding will remain unchanged.
Company Overview
Geekay Wires Limited was established in 1989 and is a Hyderabad-based manufacturer specializing in high-quality galvanized steel wires, collated nails, bulk nails, stainless steel fasteners, and various specialty wire products.
The company is recognized for serving diverse industries such as power transmission, cable and conductor manufacturing, general engineering, commercial construction, automotive, marine, mining, wind and solar power energy, and agriculture applications.
Product Portfolio
Geekay Wires Limited’s products include galvanized steel wire varieties like barbed wire, chain link fences, cable armor wire, earth and stay wires, as well as fasteners such as nuts, bolts, and rivets.
Additionally, the company also offers coil, D-head, full head plastic strip, and wire-collated nails, catering widely to industrial and infrastructure sectors with exports spanning across countries including the USA, UK, Canada, Australia, Saudi Arabia, and Germany.
Recent quarter results
Coming into financial highlights, Geekay Wires Limited’s revenue has decreased from Rs. 97.16 crore in Q1 FY25 to Rs. 91.74 crore in Q1 FY26, which is a drop of 5.58 percent. The net profit has also decreased by 28.32 percent from Rs. 10.03 crore in Q1 FY25 to Rs. 7.19 crore in Q1 FY26. Geekay Wires Limited’s revenue and net profit have grown at a CAGR of 19.24 percent and 41.47 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 25.4 percent and 28.5 percent, respectively. Geekay Wires Limited has an earnings per share (EPS) of Rs. 6.39, and its debt-to-equity ratio is 0.69x.
Written By – Nikhil Naik
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