Bonus Shares In 1:1 Ratio: Record Date On December 20; Time To Trade?

Seating systems, NVH parts, body sealing parts for four-wheelers, seats and welded frames, and seating systems for Indian Railways are all manufactured by Bharat Seats Ltd. Complete seating systems and automobile components are manufactured by Bharat Seats Ltd, a joint venture between Suzuki Motor Corporation Japan, Maruti Suzuki India Ltd, Rohit Relan, and Associates. The market capitalisation of Bharat Seats was Rs 726.91Cr, and the company's shares closed Tuesday 4.40% higher at Rs 231.50 a share. This was after BSE Limited gave the company in-principle approval in a letter dated December 10, 2024, to issue bonus shares in a 1:1 ratio.

Bharat Seats Bonus Shares

"Please note that the Company has received in-principle approval from BSE Limited vide its letter dated December 10, 2024 for issue of Bonus Shares (Equity) in the ratio of 1 (one) Bonus Share for every 1 (one) Equity Share to the shareholders of the Company as on the record date i.e., December 20, 2024," said the company in a stock exchange filing on December 10, 2024.

"The Exchange is pleased to grant in-principle approval for issue and proposed allotment of not exceeding 3,14,00,000 Bonus equity shares of Rs. 2/- each in the ratio of 1 (One) new equity share for every 1 (One) existing equity shares held in the Company," informed Bharat Seats to stock exchanges.

Bharat Seats Financials

Revenue from operations for the September 2024 quarter was Rs 290.67 crore, increasing 1.64% from the September 2023 quarter's Rs 285.98 crore. Its net profit jumped by 4.62% from Rs. 6.79 crore in Q2FY24 to Rs. 7.10 crore in Q2FY25. EBITDA improved 3.26% from Rs. 17.78 crore in the September 2023 quarter to Rs. 18.36 crore in the September 2024 quarter.

Bharat Seats Share Price Target

"Bharat Seats stock price is bullish but also overbought on the Daily charts with next resistance at 238. Investors should be booking profits as a Daily close below support of 218 could lead to 188 in the near term," commented A R Ramachandran, Independent Research Analyst.

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