The shares of this construction company gained up to 6 percent in the morning trading session after the company’s board fixed the record date for the purpose of a stock split in the ratio of 1:2.
With a market capitalization of Rs 58.22 crore, the shares of Julien Agro Infratech Ltd were trading at Rs 29.42 per share, decreasing around 3 percent as compared to the previous closing price of Rs 30.29 apiece.
Matter Explanation:-
According to the company filing, Julien Agro Infratech Ltd’s board of directors fixed January 06, 2025, as a record date for the purpose of a stock split in the ratio of 1:2 which means each Equity Share has a face value of Rs. 10/- (Rupees Ten only) each fully paid-up, be sub-divided/split into such number of Equity Shares having face value of Rs. 5/- (Rupees Five only) each fully paid-up.
Financial condition:-
According to its recent filing, in the quarter ending September 2024, Julien Agro Infratech Limited has earned a revenue from operations of Rs 30.71 crore. The company has no revenue in the last quarters of FY25 and the same quarter in the previous year.
The company has converted its net loss of Rs. 0.09 crore in Q2 FY24 to Rs. 2.04 crore in Q2 FY25. The company’s shifted its negative EPS from Rs. 0.04 in Q2 FY24 to positive EPS of Rs. 1.03 in Q2 FY25. The EBITDA margin has improved by 2367% YOY.
It has a P/E ratio of 27.0, compared to the industry’s P/E ratio of 35.5, indicating that the stock is trading at a lower price or in other words, the stock is undervalued. Additionally, the company’s debt-to-equity ratio stands at 0.
Shareholding Pattern:
Julien Agro Infratech Limited’s shareholding pattern as of September 2024 shows that the public held 38.50 percent of the shares, foreign institutional investors held 1.98 percent, and promoters held 59.52 percent.
Company snapshot:-
Julien Agro Infratech Limited was founded in 1997 and moved from construction services to agricultural marketing in FY23. In August 2023, the firm rebranded from Silverpoint Infratech Limited. The company’s primary focus is on trading agricultural products both locally and internationally.
Julien Agro Infratech Limited had formerly focused on land development and infrastructure projects under its prior name. It oversaw a variety of construction projects including residential, commercial, and industrial buildings using third-party contractors. The firm provided services such as landfilling, site clearance, and civil building. They now mostly trade agricultural goods.
Written by:- Abhishek Singh
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