10:1 Stock Split Alert! Record Date Dec 17; Multibagger 1900% Growth in 5 Years, Is It a Buy?

Shish Industries Limited is a prominent manufacturer and exporter of flexible industrial packaging solutions, PP woven fabric, thermal insulation materials, and consumer products has decided sub division of its stock

Shish Industries Stock Split

The Board of Directors of Shish Industries has revealed that the company will conduct a 10:1 stock split. This means that for every existing share valued at Rs 10, shareholders will now receive 10 shares worth Rs 1 each, fully paid up. The move is expected to make the stock more accessible to a wider range of investors.
Additionally, Shish Industries has approved changes to its Memorandum of Association. The authorized share capital will be revised to Rs 40 crore, divided into 40 crore equity shares of Re 1 each, pending shareholder approval. This is an important step for the company as it continues to expand.

Shish Industries Upcoming Stock Split Record Date:

Shish Industries has set December 17, 2024, as the record date for the upcoming share split. This means shareholders holding the stock as of this date will be eligible for the split.

Shish Industries Share Price History

This morning, Shish Industries stock opened with a 2% rise, trading at Rs. 137.50 per share. The small-cap stock has been a stellar performer, delivering an astonishing 2,931% return since its listing in 2017, cementing its reputation as a multibagger. The stock has shown consistent profitability and upward growth recently. Over the last five trading sessions, the stock gained 3%, reflecting steady investor interest. Notably, the share price has risen by an impressive 28.40% this month alone, with a strong short-term performance. Moreover, on a year-to-date basis, the stock has surged by 34% generating substantial returns for its investors.

Shish Industries Financial Performance

As per trendlyne data, Shish Industries reported an annual revenue of Rs. 88.38 crore, As of March 2024, marking a growth of 25.67% compared to the previous year. This performance surpasses the sector's average revenue growth of 10.36%. The company achieved a net profit of Rs. 8 crore for the same period, reflecting an 18.08% increase year-over-year. However, this growth is below the sector's average net profit growth of 33.08%.

In the second quarter of the financial year 2024-25 (Q2FY25), Shish Industries Limited reported a net profit of Rs.1.84 crore, reflecting a modest growth of 1.39% compared to Rs. 1.82 crore recorded during the same period in the previous financial year (Q2FY24). This steady increase in profitability highlights the company's ability to maintain consistent earnings despite market challenges. The revenue from operations for the September 2024 quarter stood at Rs. 22.64 crore, showcasing a healthy 10.64% growth compared to Rs.20.46 crore in the corresponding quarter of the previous fiscal year.