With a market capitalization of Rs 458 crore, Shish Industries shares gained 2.2 percent of Rs 406.95 reaching a 52-week high price on Friday’s early trade. As per the company’s filing, its board recommended a bonus issue of 2:1.
This implies that for every share owned by an investor, two additional shares will be credited. Suppose a shareholder holds 1000 shares of the company, they will receive 2000 bonus shares taking the holding to 3000 shares. At 1:15 pm, the stock quoted Rs 404 up 1.65 percent on BSE.
The company’s share has delivered multibagger returns of 125 percent in a year and 171 percent in six months. If a shareholder had invested Rs 1 lakh in the company that would be worth Rs 2.25 lakhs in a year and Rs 2.71 lakhs in six months.
Shish Industries Ltd is engaged in manufacturing and selling Corrugated Plastic Sheets that are utilised in sectors such as architecture and building, packing, printing, and medical equipment.
On a year-on-year basis, revenue climbed by 40 percent, from Rs 50 crore in FY 21-22 to Rs 70 crore in FY 22-23. During the same time period, the Net Profit improved by 150 percent, from Rs 2 crore to Rs 5 crore.
Profitability ratios have slightly increased, For fiscal years 22-23, the ROE stands at 17.04 percent and the ROCE at 23.85 percent, similarly, the net profit margin is at 8.16 percent, and the operating margin at 11.42 percent.
As per the latest shareholding data, promoters of the company hold a 68.48 percent stake and retail investor holds a 31.52 percent stake in the company for FY 22-23.
Written by Omkar C
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