Stock Split Expected On March 12: Builiding Materials Stock Trading Near 52-Week Low

Small cap stock Exxaro Tiles Ltd shares witnessed marginal gain of 0.13% on Tuesday as it announced upcoming meeting of Board of Directors on March 12 to consider and approve sub-division/split of equty shares. Last trading price of Exxaro Tiles shares on BSE is Rs 111.60 and 52-week low price is Rs 99.00 apiece, implying stock is trading 12.73 above from 52-week low price.

Exxaro Tiles shares 10% in last 3-months. If the stock split is approved on March 12, 2024, it will be the company's maiden stock split. Check details below:

Exxaro Tiles To Consider Stock Split On March 12: As per the BSE filing of the company dated Feb 20, 2024, "meeting of the Board of Directors of the Company is scheduled on 12/03/2024, inter alia to consider the sub-division/ split of equity shares of the Company pursuant to the provisions of Section 61(1)(d) of the Companies Act, 2013."

Exxaro Tiles Shares Performance & Return: The 52-week high price of Exxaro Tiles shares on BSE is Rs 152.00 apiece and 52-week low price is, as above mentioned, Rs 99.00 apiece, respectively. The company has a market capitalisation of Rs 499.31 crore. Exxaro Tiles shares gained 1.27% in last 1-week, fell 10% in last 3-months, and declined 7% in last 1-year.

Exxaro Tiles Financials: The company for the quarter ended December 2023 declared its net profit at Rs 0.68 crore, down 81.6% as compared to RRs 3.72 crore net profit announced in the corresponding quarter of last year. The company announced its net sales at Rs 65.26 crore in December 2023, down 19.49% as against Rs 81.05 crore declared in December 2022. The company's EBITDA stood at Rs 1.88 crore in December 2023, down 84.32% as compared to Rs 11.99 crore in the preceding fiscal. The EPS of the company fell to Rs 0.15 in December 2023 as compared to Rs 0.83 in December 2022.

Exxaro Tiles About: It is engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions. It commenced business as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in manufacturing of tiles and have over the years, diversified, expanded and evolved into a manufacturer for vitrified tiles. Its business operations are broadly divided into two product categories namely Double Charge Vitrified Tiles and Glazed Vitrified Tiles.

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