The Board of this small-cap company associated with the Apparel industry, during the past week, had announced the record date for a stock split. Today, the company’s share gained up to 4.40 percent.
The stock has delivered multibagger returns of 220 percent in three years, therefore, an investment of Rs 1 lakh three years ago would now be worth Rs. 3.20 lakhs.
Cantabil Retail India Limited
With a market capitalization of Rs 1,742.07 crores, the stocks of Cantabil Retail India Limited opened at Rs 1,078.30 on Wednesday and currently trade at Rs 1,066.95. The scrip witnessed an intra-day high of Rs 1,124.85 indicating a gain of around 4.40 percent compared to the previous close of Rs 1,077.40 apiece.
According to the BSE filing, the company’s Board has fixed record date as 2nd November 2023, for the purpose of sub-division existing shares in the ratio of 1:5, i.e., every equity share having a face value of Rs 10 each will be sub-divided into five equity shares having a face value of Rs 2 each.
As per the company filing, total revenue rose by 11% from Rs. 101.69 Cr in Q1 FY23 to Rs. 112.90 Cr in Q1 FY24 and the company’s net profit declined by 13% from Rs. 14.12 Cr in Q1 FY23 to Rs. 12.27 Cr in Q1 FY24.
As per the latest shareholding data, Promoters hold 74.97%, FIIs hold 0.03% and the public hold a 25% stake in the company.
Cantabil Retail India Limited is a garment manufacturer and retailer. The company’s business activities include designing, manufacturing, branding, and retailing garments through a retail store chain. Under the same brand, the company also sells accessories such as ties, belts, socks, caps, and handkerchiefs.
Written by Sheshadri N
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