Shares of Aptech Ltd surged 9 percent on Thursday’s Early Trades to reach a record high of ₹ 528.00 apiece on the Bombay Stock Exchange (BSE), after the company reported robust results for the quarter and year ended on March 31, 2023 and declared a bonus issue. At 01:15 PM, its shares were trading 6.41 percent higher at ₹ 515.30 apiece.
Aptech Ltd. is a pioneer in the non-formal education and training business in India and around the world. It has a presence in diverse sectors ranging from IT training, media & entertainment, retail & aviation, beauty & wellness, banking & finance, and pre-school segment amongst others. It has successfully trained students, professionals, universities & corporates through its two main streams of business – Individual Training and Enterprise Business Group Training.
In the past year, the company’s share price increased from ₹ 228.75 apiece to the current level of ₹ 515.30, giving multibagger returns of 125.27 percent. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares one year ago, the value of their holdings would have been ₹ 2.25 lakhs today!
The company reported a profit of ₹ 33.35 crores in Q4FY23, indicating an increase of 30.58 percent as compared to ₹ 25.54 crores reported in the corresponding quarter last year (Q4FY22). Its revenue climbed 175.70 percent to ₹ 178.46 crores in Q4FY23 as compared to ₹ 64.73 crores in Q4FY22.
For the entire year (FY23), Aptech’s net profit stood at ₹ 67.67 crores, up 36.90 percent against a profit of ₹ 49.43 crores reported in the previous year (FY22). It registered a revenue of ₹ 456.91 crores in FY23 against ₹ 226.09 crores in FY22, translating to an increase of 102.09 percent.
Aptech’s board declared an interim dividend of ₹ 6.00 per equity share of face value of ₹ 10 each for the financial year 2022-23 (i.e., 60 percent of the face value), subject to the approval of the shareholders in the ensuing Annual General Meeting (‘AGM’) of the company.
According to an exchange filing, the company’s board has approved the issue of bonus shares to equity shareholders of the company, in the ratio of 2:5. Therefore, investors will receive two equity shares of ₹ 10 each for every five existing equity shares of ₹ 10 each, held as on the record date, subject to the approval of the shareholders. These bonus shares are expected to be credited or dispatched on or before Sunday, July 23, 2023.
With a market capitalization of ₹ 2001 crores, Aptech is a small cap company. It has a high return on equity of 26.28 percent and is debt free. Moreover, it has a dividend yield of 1.03 percent. Its shares were trading at a price to earnings ratio of 33.27. The company’s promoters hold a 47.37 percent stake in it, followed by retail investors with 45.06 percent and foreign institutions with 7.57 percent.
Written By Simran Bafna
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