The shares of a Micro-Cap company, specializing in distributing a diverse range of consumer goods across various sectors, are in focus upon approval of the stock split of 1:10, aiming to improve liquidity and affordability.
With a market capitalization of Rs. 109.99 crores on Tuesday, the shares of Chandrima Mercantiles Ltd hit a 2 percent lower circuit, making a low of Rs. 49.52 per share compared to its previous closing price of Rs. 50.53 per share.
Chandrima Mercantiles Ltd, engaged in distributing a diverse range of consumer goods across various sectors, has approved a 1:10 stock split, where one existing equity share of face value Rs. 10 will be split into ten new equity shares of face value Rs. 1 each, aiming to improve liquidity and affordability.
The process is expected to be completed within six months post-shareholder approval. The company also approved audited financial results for FY25, appointed secretarial and internal auditors, and plans to call a general meeting soon for necessary approvals.
Financials & Others
The company’s Revenue from operations declined by 16.8 percent YoY from Rs. 10.54 Crores in Q4FY24 to Rs. 8.76 Crores in Q4FY25, and it rose by 43.8 percent QoQ from Rs. 6.09 Crores in Q3FY25 to Rs. 8.76 Crores in Q4FY25.
Its Net profit declined from a profit of Rs. 2.36 Crores in Q4FY24 to a loss of Rs. 0.99 Crores in Q4FY25, and it declined in QoQ from a profit of Rs. 0.4 Crores in Q3FY25 to loss of Rs. 0.99 Crores in Q4FY25.
The company has a P/E ratio of 32.39, below the industry average of 44.28, and a low debt-to-equity ratio of 0.03. It has also recorded a strong 3-year average net profit growth of 159.79 percent.
Chandrima Mercantiles Limited, established on December 27, 1982, is a public limited company based in Ahmedabad, Gujarat. Initially engaged in trading various products like building materials, yarn, jute, jewelry, and ornaments, the company currently focuses on trading textiles, gold, silver, jewelry, bullion, and related products.
Written by Sridhar J
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