The share price of this infrastructure firm surged by 15%, reaching a 52-week high of ₹214.45, Following the announcement by the company board to consider a stock split and bonus issue on June 22.
Maruti Infrastructure Ltd is a Small cap company with a market capitalization of ₹267 crore. At 12:45 p.m., the company shares were trading at ₹213.70 a share, an increase of 14.62 percent from the previous closing price on the stock exchange.
As per the company’s exchange filing, the Board of Directors has scheduled a meeting on Saturday, June 22, 2024, to discuss, subdivision or split, as well as the issuance of bonus shares of the company.
Maruti Infrastructure Ltd primarily focuses on Real Estate Development and Construction Activities, specializing in EWS Housing Projects and Urban Infrastructure Projects in Ahmedabad. The company specilizes in construction and property management, spanning civil construction, residential, and commercial projects.
As per its website, the company currently holds a work order backlog of approximately ₹207.25 crore, scheduled for completion within the next two years.
Revenue generation is predominantly derived from Infrastructure and Residential Project Development, accounting for 98% of the company’s revenue, with the remaining 2% attributed to Real Estate Project development with construction.
However, the company experienced a notable decline in its annual revenue, plummeting from ₹13.44 crores in Q4 FY23 to ₹11.97 crores in Q4 FY24, marking an 11% decrease. Concurrently, net profit shifted from a profit of ₹0.71 crore to a loss of ₹1.01 crore.
Maruti Infrastructure Ltd shares have seen a significant uptrend, surging by 35% in the last six months and 96% in the past 12 months.
Written by Omkar Chitnis
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