5:1 Stock Split Record Date On June 27: Rs 1,520 NBFC Stock Splitting For 1st Time Ever; How To Be Eligible?

Stock broking and financial services provider, Share India Securities has fixed the record date for its stock split in the ratio of 5:1. This will be the company's first ever split. The stock is currently trading a little over Rs 1,520 apiece on BSE.

YTD, the stock is down by over 16.3%.

Share India Securities Limited. Initially named FMS Securities Limited, Share India Securities Limited provides a multitude of services. With their help Share India can cater to the specific needs of every unique Indian citizen may it be short-term trading or investing for the long run.

The fundamentals of the stock as per Trendlyne are:

- Annual Revenue rose 35.38%, in the last year to ₹1,488.75 Cr. Its sector's average revenue growth for the last fiscal year was 27.2%.

- Annual Net Profit rose 29.37% in the last year to ₹425.42 Cr. Its sector's average net profit growth for the last fiscal year was 26.53%.

- Stock Price rose 17.95% and underperformed its sector by 47.53% in the past year.

- Debt to Equity Ratio of 0.22 is less than 1 and healthy. This implies that its assets are financed mainly through equity.

- Mutual Fund Holding increased by 0.12% in the last quarter to 0.56.

- Interest Coverage Ratio is 7.36, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).

- Quarterly Revenue rose 36.58% YoY to ₹466.69 Cr. Its sector's average revenue growth YoY for the quarter was 25.75%.

- Quarterly Net profit rose 8.76% YoY to ₹115.58 Cr. Its sector's average net profit growth YoY for the quarter was 21.77%.

- Price to Earning Ratio is 14.13, lower than its sector PE ratio of 22.41.

- Return on Equity(ROE) for the last financial year was 24.35%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.

- Promoter Share Holding increased by 3.29% in the most recent quarter to 53.18%.

- Promoter Pledges fell 9.64% QoQ taking the total promoter holding pledge % to 37.72%.