1:5 Stock Split: Small Cap Stock To Consider Bonus Share On July 1, Shares Up 1229% In 2-Yrs

Small cap company engaged in manufacturing of brass components and parts, Sprayking Ltd will convene meeting of Board of Directors on July 1, 2024 to consider issuance of bonus share. Current market price of Sprayking share on BSE is Rs 39.08 per share with intraday decline of 1.91% as on June 28, 2024.

Sprayking Ltd shares offered return of 34% in last 1-year and gained 1229% in last 2-years. Sprayking share declined 7.92% year-to-date. Earlier this year on April 12, 2024 Sprayking shares traded ex-split in the ratio of 1:5. Check details below:

Sprayking Ltd To Consider Bonus Share Issuance On July 1: As per the regulatory filing of Sprayking Ltd issued as on June 24, 2024, "a meeting of the Board of Directors of Sprayking Limited (Formerly known as Sprayking Agro Equipment Limited) is scheduled to be held on Monday, 01st July, 2024, inter alia, to transact the following business:
1. To recommend and approve issue of Bonus shares to the equity shareholders of the Company;
2. To consider and approve the draft notice of Extra Ordinary General Meeting/ Postal Ballot.
3. Any other business with the permission of the Chair."

Sprayking Traded Ex- Split: As per the BSE filing of the company issued as on April 1, 2024, Board of Directors of the Company fixed the 'Record Date' as Friday, April 12, 2024 for the purpose of sub-division /split of each equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into five (5) equity shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up.

Sprayking Agro Shares Performance & Return: The company has a market capitalisation of Rs 206.50 crore. Sprayking shares declined 9% in last 6-months, gained 991% in last 3-years, and offered return of 1614% in last 5-years. Sprayking shares 52-week high price is Rs 60.04 apiece (as on 08/02/2024) and 52-week low price is Rs 16.62 apiece (as on 18/04/2023).

Sprayking Ltd Bonus Share In 2023: The company declared bonus share in the ratio of 2:3 in 2023 and ex-bonus date was set as April 28, 2023.

Sprayking Agro Financials: The company for the quarter ended December 2023 declared its net profit at Rs 0.12 crore, down 77.2% as against Rs 0.51 crore declared in the corresponding quarter of last year. It announced its net sales for December 2023 quarter at Rs 2.41 crore, down 54.55% from Rs 5.30 crore announced in December 2022. The company's EBITDA stood at Rs 0.32 crore for December 2023 quarter, down 38.46% as compared to Rs 0.52 crore in December 2022. The company's EPS fell to Rs 0.11 in December 2023 from Rs 0.80 in December 2022.

About: Formerly known as Sprayking Agro Equipment Limited, the Company have now rebranded itself as Sprayking Limited. This change reflects our evolving business strategy and broader aspirations as we continue to expand our product offerings and explore new avenues in the market. Established in 2005, Sprayking Limited(Formerly known as Sprayking Agro Equipment Limited) is engaged in the manufacturing of brass components and parts, including fittings, forging equipment, transformer parts, and other customized brass components, according to its official website.

Disclaimer: The stock highlights the bonus share, stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.