The company that is engaged in the business of trading and distribution of industrial products has set September 9th as the record date for bonus issuance, with the stock gaining over 7.7 percent on Tuesday.
At 12:55 p.m., Sunrise Efficient Marketing Ltd shares were trading at Rs 244 a share on the National Stock Exchange, up Rs 10.45 or 4.47 percent from the previous close price. and the company has a market capitalization of Rs 122 crores,
According to the company’s BSE filings, The company board of directors approved the Bonus Issue of Equity Shares in a 1:1 ratio, which means the company would issue one bonus share for every share owned by existing shareholders.
The Company has set September 9th, 2023 as the Record Date for determining the Company’s list of shareholders eligible for bonus equity shares, which is subject to approval of shareholders at the AGM to be held on Friday, September 1st, 2023 at 11.00 A.M. at the company’s registered office.
The company’s revenue has increased by 50 percent year on year, from Rs 64 crore in FY 21-22 to Rs 96 crore in FY 22-23. During the same period, Net Profit has increased by 100 percent from Rs 4 crore to Rs 8 crore.
As per the latest shareholding pattern, the company Promoter holds 72.4 percent while retail investors hold a 27.6 percent stake.
The company’s share has delivered multibagger returns of 116 percent in a year, If a shareholder had invested Rs 1 lakh in the company that would be worth Rs 2.16 lakhs in a year.
The company reported strong profitability metrics, including a return on equity of 24.48 percent, a return on capital employed of 33.59 percent, and a company’s net profit margin of 8.26 percent.
Sunrise Efficient Marketing Limited principally distributes Automation, Drive, Gear Boxes, Motors, Pumps, Oils, and FMCG Products.
Written by Omkar Chitnis
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