The shares of the micro-cap company hit 5 percent upper circuit of Rs 88.55 per share after the company’s board fixed a record date for a bonus issue and stock split in the ratio of 1:5.
With a market capitalization of Rs 382.80 crore, the shares of Starlineps Enterprises Ltd were trading at Rs 88.55 per share, increasing around 5 percent as compared to the previous closing price of Rs 84.35 apiece.
Reason for rise:-
Today the shares of the company have seen bullish movement after the Board of Directors of Starlineps Enterprises Ltd fixed 25 September 2024 as the Record Date for bonus issue in the ratio of 1:5 which means 1 bonus equity share of the face value of Re. 1 each fully paid up for every 5 existing equity shares of face value of Re. 1 each fully paid up.
Additionally, the Board of Directors also approved a stock split in the ratio of 1:5 which means a sub-division of 1 equity share of the face value of Rs 5 each fully paid up into 5 equity shares of the face value of Re. 1 each fully paid up.
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Financial performance:-
Analyzing the company’s financial condition, revenue ramped up by 354 percent from Rs 3.77 crore in Q1FY24 to Rs 17.15 crore in Q1FY25, during the same time frame net profit magnified significantly by 819 percent from Rs 0.31 crore to Rs 2.85 crore.
Ratio analysis:-
The company’s critical ratios show that the return on equity zoomed from 2.50 percent in FY22-23 to 6.81 percent in FY23-24, while the return on capital employed magnified from 3.35 percent to 9.43 percent. The net profit margin (NPM) for fiscal year 23-24 is 6.01 percent.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoter owns 26.89 percent while Retail shareholders own a 73.11 percent stake in the company and foreign Institutional Investors own a 0 percent stake.
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Company Profile:-
StarlinePS Enterprises Limited is an India-based corporation that trades precious metals, stones, and jewelry. The company provides studded, gold, and silver jewelry to retailers and distributors. The company also provides its clients with a variety of precious stone options.
Written by:- Abhishek Singh
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