Captain Pipes Limited, is a manufacturer and exporter of uPVC Column Pipes, uPVC Plumbing Pipes and fittings, CPVC Plumbing Pipes and fittings, Casing Pipes, and PVC Pressure Pipes.
The board of directors of the company has announced a stock split in the ratio of 10:1. This means that One equity share of the face value of Rs 10 each fully paid-up will be subdivided into Ten equity shares of the face value of Re 1 each fully paid-up.
Along with that, Captain Pipes has announced the issue of Bonus shares in the ratio of 2:1. This means that Two Bonus Shares will be issued for every One Equity Share held by the Equity Shareholders of the Company as of the Record Date which is set as March 3rd, 2023.
On Tuesday, the shares of the company hit an upper circuit of 2 percent at Rs 750 levels. In the span of six months, the stock has logged a multibagger return of 240 percent.
In a year, the stock price has risen from Rs 85 a piece in March 2022 up to the current levels delivering a multibagger return of 783 percent in the period. An investment of Rs 1 lakh then would be worth Rs 8.83 Lakhs today.
The company releases its results every six months. In the September quarter of FY23, the company reported a total revenue of Rs 43.15 Crore which increased marginally YoY from Rs 41.13 Crore. In the quarter under review, the company reported a net loss of Rs 19.25 Lakhs compared to a net profit of Rs 34.93 Lakhs.
Written by Anoushka Roy
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