The company is a distributor of energy-efficient products like electric motors, industrial lubricants, lighting products, industrial pumps, disks and so on, for various manufacturers like Bharat Biljee, Elecon Engineering, Power build, Yaskawa and so on.
According to an exchange filing, Sunrise Efficient Marketing’s board has recommended a bonus issue in the ratio of 1:1. Therefore, eligible shareholders will receive one bonus equity share of ₹ 10 each, for every equity share that they hold in the company as of the record date. The record date will be informed in due course.
It is estimated that the bonus shares will be dispatched or credited within two months from the date of the board’s meeting
In the past year, the company’s share price increased from ₹ 92.20 apiece to ₹ 260.10, delivering multibagger returns of 182%. Thus an investment of ₹ 1 lakh in the company’s shares a year ago, would be worth ₹ 2.82 lakhs today!
With a market capitalization of ₹ 128.00 crores, Sunrise Efficient Marketing is a micro-cap stock. It has a high return on equity of 39.36% and an ideal debt-to-equity ratio of 0.25. Its promoters hold a 72.40% stake in it, while retail investors hold a 27.60% stake in the company.
In the past year, the company’s profit increased by 60% to ₹ 8 crores as compared to ₹ 5 crores in the previous year. Similarly, its revenue increased by 51.56% to ₹ 97 crores as compared to ₹ 64 crores in the same period a year ago.
Written By Simran Bafna
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