Bonus Shares 2023: Multibagger Stock Sets Record Date For 4:1 Bonus Shares; Do You Own?

A mid-cap firm operating in the financial services industry is Kama Holdings. Shri Educare Limited, KAMA Realty (Delhi) Limited, and SRF Transnational Holdings Limited are three fully owned companies that represent Kama Holdings' business interests in the fields of education, real estate, and investment. The stock opened today on the BSE at Rs 15250 apiece and was trading 2.54% higher at Rs 15402. The rally in the stock price was seen after the company declared record date for 4:1 bonus shares.

"This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Tuesday, October 17, 2023 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 4 (Four) Equity Share of Rs. 10/- each for every 1 (One) existing Equity Shares of Rs. 10/- each, subject to the approval of shareholders which is being obtained through Postal Ballot," said Kama Holdings in a stock exchange filing.

On a consolidated basis, the company's net sales in the June 2023 quarter were Rs 3,362.63 crore, dropping 14.02% from Rs 3,910.93 crore in the same June 2022 quarter. Its net profit was Rs. 183.78 crore in the first quarter of FY24, down 40.67% from Rs. 309.74 crore in the same quarter of FY23. Its EBITDA was Rs. 711.61 crore, plummeting by 29.39% from Rs. 1,007.85 crore in the same quarter of FY23. The EPS for Kama Holdings dropped from Rs. 480.03 in June 2022 to Rs. 286.34 in June 2023.

The stock price soared from Rs 4,936.05 to the current market price during the past five years, resulting in a multibagger return of 211.77%. The stock price jumped from Rs 4,690 to the current market price during the past three years, representing a multibagger gain of 216%. The stock has gone up 18.82% over the past year, and YTD, it has surged by 24.17% so far in 2023. The stock made a 52-week-high of Rs 16,800.00 on (06/09/2023) and a 52-week-low of Rs 16,800.00 on (06/09/2023).

During Q1FY24, the company recorded promoters' shareholding of 75.05%, FIIs stake of 0.08% and public stake of 24.87%. The promoters' shareholding of Kama Holdings at the current level is much higher than its peers such as Bajaj Finance, Bajaj Finserv, Jio Financial, Cholamandalam Investment & Finance Company, Bajaj Holdings, SBI Cards, and Shriram Finance as per the data of Screener.