Financial services company involved in the business of forex, securities, and many more, hit a 5 percent upper circuit in the day’s trade following the announcement of stock split of equity shares of the company in the ratio 1:5.
Stock price movement
In the Monday’s trading session Master Trust Ltd. closed at Rs.773.15 per share after hitting 5 percent upper circuit from its previous close of Rs.736.35 apiece. It has delivered a return of more than 131 percent in a year.
What is the news
Ludhiana based non-banking financial company Master Trust Ltd. involved in the business of forex and securities, announced on Monday that its Board of Directors will meet on August 7, 2024, at the company’s registered office to consider the sub-division (split) of the company’s equity shares in the ratio of 1:5.
The company plans to divide each existing share, which currently has a face value of Rs.5 fully paid-up, into 5 new shares with a face value of Rs.1.per equity share.
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This meeting will also address other agendas, including consider, approve and record the un-audited financial results for the quarter ended June 30, 2024 and many more.
Financials
On a year-on-year basis the company gained 63.63 percent in net profit to Rs.108 crores in FY24 from Rs.66 crores in FY23.
In FY2024, it generated a total revenue of Rs.500 crores, reflecting a remarkable growth of 47.5 percent year-on-year, compared to Rs.339 crores in FY2023.
Margins of the company have also increased substantially such as Operating profit margins inclined to 41 percent in FY24 from 35 percent in FY23.
In terms of Return ratios it has reported a return on equity (ROE) of 24.9 percent and a return on capital employed (ROCE) of 32.9 percent. It has reported a debt to equity ratio of 0.37.
Shareholding Pattern
As per the shareholding pattern of June 2024, the Promoters hold a 73.77 percent stake in the company, Foreign Institutional Investors (FII) hold a 0.02 percent stake, while Retail Investors hold the remaining 26.23 percent stake in Master Trust.
Company Profile:
Master Trust Ltd. is a private sector non banking financial company primarily involved in the business of forex and dealing in securities. The company operates under six verticals through its subsidiaries including equity and derivatives broking, commodity derivatives broking, insurance broking, depository services, merchant banking, distribution of financial products like mutual funds, and initial public offerings.
Written by – Siddesh S Rakar
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