221% Leap In 1-Yr, 1:1 Bonus Reward: Small Cap Stock To Recommend Dividend

Small cap company The Anup Engineering Ltd informed yesterday about its upcoming meeting of Board scheduled to be held on May 4, 2024 to consider, approve financial results and recommend dividend, if any. The company in 2023 declared highest ever dividend in its history. Last trading price of The Anup Engineering share on BSE is Rs 1792.95 per share with intraday dip of 1.12%. The Anup Engineering Ltd share offered rich returns to traders in last 1-year at 221%. The company earlier on March 20 recommended 1:1 bonus issue with ex-bonus date set as April 23, 2024. More details below:

The Anup Engineering To Consider Financial Results, Dividend: As per the BSE filing of the company dated April 27, 2024, "The Anup Engineering Ltd informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/05/2024 ,inter alia, to consider and approve the Audited Financial Results of the Company for the quarter and year ended on 31st March 2024 and to consider and recommend dividend on equity shares, if any, for the year ended on 31st March 2024."

The Anup Engineering Ltd Dividend Share History: The Anup Engineering Ltd. announced 5 dividends since July 30, 2019. In last 12 months, it announced an equity dividend amounting to Rs 15.00 per share. At the current share price of Rs 2708.05, The Anup Engineering offers dividend yield of 0.55%.

The Anup Engineering Share Performance & Return: The 52-week high price of The Anup Engineering Ltd shares on BSE is Rs 1999.00 per share (as on 23/04/2024) and 52-week low price is Rs 553.25 per share (as on 27/04/2024), respectively. Its market capitalisation of Rs 3568.14 crore. The Anup Engineering Ltd shares offered attractive returns over the years. In last 6-monhts, The Anup Engineering stock rallied 78%, jumped 311% in last 2-years, and soared 505% in last 3-years. The Anup Engineering Ltd stock gained 658% in last 3-years. The Anup Engineering Ltd has a PE of 22.96, and EPS (TTM) of 22.63.

Acquired 100% Stake Mabel: According to the regulatory filing of the company, "the Company has entered into definitive share purchase agreement on 15th March 2024 to acquire 100% equity shares of Mabel Engineering Private Limited. ("Mabel")"

The Anup Engineering Financials: Anup Engineering for the quarter ended December 30, 2023 announced net sales at Rs 128.40 crore, up 12.22% as compared to Rs 114.442 crore in the similar quarter of last year. Its quarterly net profit for December 2023 announced at Rs 20.17 crore, up 37.46% from Rs 14.67 crore in December 2022. EBITDA for the quarter under review stood at Rs 32.64 crore for December 2023, up 36.86% as against Rs 23.85 crore in December 2022. The EPS jumped to Rs 20.35 in December 2023 from Rs 14.84 in December 2022.

Disclaimer:

The stock highlights the bonus share 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.