Steel giant, Godawari Power & Ispat split on October 4, in the ratio of 1:5. The steel stock which once traded around Rs 1,040 apiece on NSE, is now a little over Rs 200. The stock sub-division comes after the company rewarded investors with a dividend payout of 125%.
Godawari Power & Ispat Stock Split:
The power company turned ex-split on October 4, where its 1 equity share with a face value of Rs 5 each was split into five small shares with a face value of Re 1 each.
This will be the second stock split carried by Godawari Power in less than 4 years. Earlier, Godawari's first stock split was of 1:2 ratio which was carried on October 26, 2021.
Only those investors will be eligible who are holding Godawari Power stock by the end of October 4, 2024, which is the record date.
Godawari Power & Ispat Dividend:
Earlier in August 2024, the stock price turned ex-date for the final and special dividend payout. They declared a total of 125% dividend worth Rs 6.25 per share for FY24.
The total dividend payout included a Special Dividend of Rs 1.25/-(i.e. 25%) per equity share of Rs 5/-each and a final dividend of 100% valuing to Rs 5 per share also having a face value of Rs 5 each.
BUY/SELL Godawari Power & Ispat?
As per Trendlyne data, the consensus recommendation from 1 analyst for Godawari Power & Ispat Ltd. is STRONG BUY. EPS is expected to grow by 29.4% in FY25.
In Q1FY25, the company's consolidated Revenues from operations (Net of Trading Sales) increased by 12% to Rs. 1,342 crore on a YoY basis due to an increase in production, sales and realization of pellets. While consolidated EBITDA and PAT increased to Rs. 408 Cr. and Rs. 287 crore on YoY and QoQ basis respectively despite a fall in volumes & realization of finished products. This is primarily because of the cost savings benefits gained from last year's debottlenecking capital expenditures on commissioning solar power plants, new high-efficiency Turbine Generators and operational leverage.
Click it and Unblock the Notifications
Sign in with Google