Shares of this microcap company locked 2 percent upper circuit in Tuesday’s trading session after the board approved bonus share issue in the ratio of 1:1. In one year, the stock has delivered more than 80 percent return to its shareholders.
Price Movement:
With a market capitalization of Rs. 56.2 crores, the shares of PVV Infra Ltd started Tuesday’s trading session on a higher note at Rs. 20.38, locking a 2 percent upper circuit compared to its previous close of Rs. 19.99 apiece.
What Happened:
Such a positive movement in the share price was observed after the company in an exchange filing announced that the Board of Directors at their meeting held on on Monday, July 08, 2024, had considered and approved the issue of bonus shares in the ratio 1:1.
The eligible shareholders will get 1 bonus Equity Share of Rs. 10 each fully paid up for every 1 existing Equity Share held as on a Record date.
This will be the second time that PVV Infra will be issuing bonus shares to shareholders. Previously, it last issued bonus shares back in June 2024, when it issued one free share for every five shares held.
Financials:
Looking at the company’s financial statements, the revenue decreased by 34 percent from Rs. 18.54 crores during the December quarter to Rs. 12.15 crores in the March quarter. On the other hand, the net profits magnified by 99 percent from Rs. 92 lakhs to Rs. 1.83 crores during the same period.
Important Financial Ratio:
In terms of key financial metrics, the company reported a return on equity of 6.07 percent and a return on capital employed of 6.78 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 4.14 percent during the same timeframe.
Customer Base:
PVV Infra serves a customer base that includes Larsen & Toubro, NCC, NTPC, MCL, NPCC, Coal India and IRCO, among others.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters hold a stake of 26.65 percent, while FIIs hold 0.48 percent of the shares, and Retail Investors hold the remaining 72.88 percent stake.
Company Profile:
PVV Infra Limited is an infrastructure company that is primarily engaged in the construction of affordable housing, multi-storied commercial and residential buildings, landscaping, and duplex housing projects and the company has recently diversified into providing solar power installation services.
Written By Vaibhav Patil
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