The shares of this film production company surged 12% to an intraday high price of ₹95.59 per share on Friday after the company planned to consider a Bonus issue and Stock split.
At 11:50 a.m., Thinkink Picturez Ltd shares were trading at ₹93.63 per share, up 9.75% from the previous close price. The company has a market capitalization of ₹277 crore.
On March 01, 2024, The company’s Board of Directors to consider the stock split and bonus issue as well as declare a dividend of up to ₹ 3 per share, as per the company‘s exchange filing.
ThinkInk Picturez Ltd is an entertainment provider, operating across television, movies, and other entertainment platforms.
The Company offers services, such as development, casting, set designing, scriptwriting, location scouting, photography, editing, sound effects, and mixing services. Some of the recent movies released by the company include Janhit Mein Jaari, Dream Girl Great Weddings Of Munnes, and many more.
In Q3FY24, the company’s revenue increased year on year, from ₹1 crore in Q3FY23 to ₹ 2 crore. Concurrently, in the same time frame, net profit has marginally increased from ₹0.06 crore to ₹0.94 crore.
On a year-to-date basis, Thinkink Picturez Ltd shares have gained 13% and 14% in a year.
As of the recent shareholding pattern, individual investors hold a 99.91% stake in the company and Foreign institutional investors hold a 0.09% stake.
During the most recent fiscal year, the company achieved a 5.68% return on equity and a 7.62% return on capital employed. Additionally, the company experienced positive growth in both net profit margin, reaching 17.58%, and gross profit margin, reaching 24.66%.
Written by Omkar Chitnis
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