Alcohol stock engaged in the production of various types of alcohol and spirits like rectified spirit, denatured spirit, neutral alcohol and many more in focus upon announcing bonus issue of 1:4.
Price Action
With a market capitalization of Rs. 298 Crores, the shares of Aurangabad Distillery Limited were trading at Rs. 363 per equity share, down 6 percent from its previous day’s close price of Rs. 385.25.
What Happened
The Board of Directors Aurangabad Distillery Limited has considered and approved issuing bonus shares to the shareholders of the company in the ratio of 1:4, where one equity share with a face value of Rs. 10 will be issued to every 4 equity shares with a face value of Rs. 10 held by the shareholders as on the record date.
About the Company
Aurangabad Distillery Limited is a manufacturer of non-potable alcohol, it is engaged in the production of various types of alcohol. Its products include rectified spirit, denatured spirit, neutral alcohol, potash, bio-potash and de-potash vinasse.
It operates a molasses-based distillery where it performs PLC-based distillation and manufactures spirits containing 95 percent alcohol by nature along with manufacturing alcohol by the process of rectification.
Financials & Ratios
Its Revenue from operations grew by 10.9 percent from Rs. 119 Crores in FY23 to Rs. 131 Crores in FY24, accompanied by profits of Rs. 17 Crores to Rs. 21 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 31.5 percent, and a return on capital employed (ROCE) of 29.7 percent. It has reported a debt-to-equity ratio of 0.71.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
