The shares of an infrastructure stock, specializing in providing solutions in the infrastructure sector, are in focus after its Board of Directors approved a 1:2 stock split and set February 7, 2025, as the record date.
Price action
With a market capitalization of Rs. 2,021.13 crores, the shares of AGI Infra Limited closed at Rs.1,646.55 down by 1.3 percent making a low of Rs. 1,625 per share compared to its previous closing price of Rs. 1,649.85 per share.
What Happened
AGI Infra Limited stock is in focus after the Board of Directors approved a 1:2 stock split. The decision involves subdividing the existing equity shares with a face value of Rs. 10 each into two shares of Rs. 5 each. The record date for determining the eligibility of shareholders for the split has been set for Friday, February 7, 2025.
About the company
AGI Infra Limited is an infrastructure development company focused on delivering high-quality construction projects. The company specializes in residential, commercial, and industrial construction, along with other infrastructure-related services.
Recent Projects
The major projects of AGI Infra Limited include Jalandhar Heights-I a residential development, and AGI Palace, a premium housing project. Other notable projects are AGI Sky Garden and AGI Smart Homes-I , which offer modern living spaces with advanced amenities.
Key Insights
The company’s P/E ratio stands at 36.01, slightly lower than the industry average of 37.37. It maintains a low debt-to-equity ratio of 0.55, indicating strong financial stability. Additionally, the promoters hold over 65 percent of the company’s shares.
Key Financials
The company’s revenue rose by 10.46 percent from Rs 72.45 crore to Rs 80.03 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 14.49 crores to Rs 17.45 crore during the same period.
Written by Sridhar J
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