A year ago the shares of Alfavision Overseas India were trading at Rs 38 a piece on BSE From there it has spiked up to the current levels of Rs 278 thereby delivering a multibagger return of 619 per cent.
In the last five days, the stock has added more than 13 per cent and in the span of a month, the stock price has increased by 35 per cent. So far this year, the stock has given a multibagger return of more than 122 per cent YTD.
The company is set to split its shares. The equity shares of the company from a face value of Rs.10/- per share will be reduced to the face value of Rs.1/- per share. For determining the eligibility of Shareholders for the purpose of subdivision shares the record date has been fixed for Monday, August 29, 2022.
On a yearly basis, the company earned a total revenue of Rs 181 Crores in FY22 as compared to Rs 179 crores which it earned in the year-ago period. In Q1FY23, their revenue stood at Rs 44 crores.
Its net profit for the financial year 2022 was at Rs 2 crores as compared to Rs 1 crores which it earned in FY21.
The company has a market capitalization of Rs 87 crores and the promoter’s holdings stand at 24.8% which has remained unchanged in the last five quarters.
Alfavision Overseas (India) Ltd. operates in the Agro industry. The company is also involved in the real estate industry as well as developing strategic sustainable solutions aimed at combating the climate crisis.
Written by – Anoushka Roy
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