Stock engaged in the production and supply of plastic-based packaging solutions, PET preforms, bottles, and many more hit a 20 percent upper circuit in the day’s trade upon declaring a bonus issue of 1:1.
Price Action
With a market capitalization of Rs. 44 Crores, the shares of Technopack Polymers Limited hit a 20 percent upper circuit in the day’s trade at Rs. 81.60 per equity share, from its previous day’s close price of Rs. 68.
What Happened
The Board of Directors of Technopack Polymers Limited has considered and approved issuing bonus shares of the company to its shareholders in the ratio of 1:1 where one equity share with a face value of Rs. 10 will be issued to each equity share with a face value of Rs. 10 being held as on the record date.
About the Company
Technopack Polymers Limited is engaged in the production and supply of plastic-based packaging solutions, known for their durability, lightweight nature, and ability to meet diverse packaging requirements.
It specializes in manufacturing products such as PET preforms, bottles, caps, and many more related that are widely used in industries like beverages, pharmaceuticals, personal care, and household products, catering to both domestic and international markets, providing customized solutions to meet specific client needs.
Financials and Ratios
Its revenue from operations grew by 29 percent from Rs. 7.19 Crores in H1FY24 to Rs. 9.28 Crores in H1FY25, accompanied by profits of Rs. 99 Lakhs to Rs. 85 Lakhs.
In terms of Return ratios, it has reported a return on equity (ROE) of 5.16 percent, and a Return on capital employed (ROCE) of 7.99 percent. It has reported a debt-to-equity ratio of 0.28.
Written by: Bharath K.S
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