This Multibagger stock is in focus after it jumped close to 10 percent following the company’s announcement that board members have decided on a proposal for a bonus issue.
Share Price Movement
With a market capitalization of Rs. 4,500 Crore, the stock of Shilchar Technologies opened at Rs. 6,078, up 7.91 percent from yesterday’s close, and after opening, it made a high of Rs. 6,167, up 9.49 percent. Additionally, the Yearly return for the stock is 9 percent, and the past 5-year return is an impressive 14,500 percent.
Update from Company
The company has scheduled a board meeting for 21st April 2025, in which they will decide on the proposal for a bonus issue of Equity Shares for the Equity shareholders. Further decisions on the AGM date, recommendation for the final dividend, and approval of Audited financial results will also take place.
Financial Highlights
The company reported a 30.50 percent YoY increase in revenue from Rs. 118 Crore in Q3FY24 to Rs. 154 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 17.55 percent in revenue from Rs. 131 Crore in the previous quarter.
Their Net profit saw an increase of 34.61 percent YoY from Rs. 26 Crore to Rs. 35 Crore for the same period. On a QoQ basis, the company reported an increase of 6.06 percent in Net profit from Rs. 33 Crore in the previous quarter.
About the Company
Shilchar Technologies Ltd. is one of India’s prominent manufacturers of Electronics & Telecom and Power & Distribution transformers. It was founded in 1990 to manufacture R-core transformers. In 1995, after an overwhelming response from the market, we ventured into the manufacturing of Ferrite transformers. As part of their expansion plans, they started manufacturing Distribution and Power Transformers in a phased manner from 2004 to 2007.
They now cater to a wide section of industrial segments from utility to renewable energy sector and to individual retail customers across the globe.
Written By Abhishek Das
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