Shares of this textile microcap company, which is into manufacturing of cotton yarn and Consulting was up by 1.92 percent intraday trade to Rs.348.95 per share, following the announcement of a record date for issuing bonus shares.
Price Variation
In Thursday’s session, Padam Cotton Yarns‘s share price jumped 1.92 percent to a day’s high of Rs.348.95 per share, from the previous close of Rs.342.35 apiece, the stock has recently touched its 52W high price of Rs. 348.95 per share. It has delivered a multi-bagger returns over 600 percent in the past year and has outperformed the Nifty Index.
What happened
The Board of Directors of Padam Cotton Yarns Ltd had announced 1:1 bonus shares earlier and the company fixed its record rate on Wednesday, January 08, 2025, with members approval at an Extraordinary General meeting conducted on 25th December 2025. The bonus share is to be issued with a face value of Rs. 10 for 1 every existing face value of Rs. 10 per share.
Financial Performance
Looking at the company’s financials, Padam Cotton Yarns reported a total revenue of Rs.0.16 crore for FY24, marking a 9.46 percent increase from Rs.14.68 crore in FY23. However, Profit After Tax (PAT) dropped by 30 percent to Rs.1.65 crore, down from Rs.2.36 crore in the previous year. The exceptional items in FY23 and FY24 were the reason for the increase in net profits.
Company Profile
Padam Cotton Yarns Limited was established in 1994. They specialize in manufacturing cotton yarn and offers consulting services. They are based in Karnal, Haryana. Their business model focuses on delivering high-quality yarn products, leveraging advanced technology and innovation to meet customer needs.
Although the company has a low debt profile, it faces challenges such as declining promoter holdings and negative returns on equity. Despite these issues, Padam Cotton Yarns aims to enhance operational efficiency and customer satisfaction through continuous improvement and quality assurance
Written by – Santhosh S
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