1:5 Stock Split: Defence Stock Falls 77% On The Record Date March 17; Should You Buy Or Avoid?

Stock Split Next Week: Engineering services company Sika Interplant Systems is set to undergo a stock split next week in order to provide liquidity and make shares more accessible to investors. The BSE-listed small-cap defense stock will trade ex-split on Monday, March 17, 2025, which means that this is the last day for existing shareholders to be eligible for the split.
A stock split typically reduces the price per share while increasing the number of outstanding shares, making it more affordable for retail investors. Investors holding Sika Interplant shares as of the record date, March 17, will receive additional shares in proportion to the split ratio.

Sika Interplant Stock Split Details

Sika Interplant Systems has announced the subdivision of its equity shares, reducing the face value from Rs.10 per share to Rs.2 per share, fully paid-up. This stock split will be effective from Monday, March 17, 2025, which has been set as the record date for determining shareholder eligibility.

Additionally, as per the company's communication dated February 19, 2025, "Following the subdivision, the equity shares will be traded under a new ISIN: INE438E01032. Investors should take note of this change when managing their holdings."

Sika Interplant Share Price Update

At the close of Thursday's trading session, shares of Sika Interplant Systems ended at ₹2,500, reflecting a modest gain of 0.70%. Over the past week, the stock has recorded a slight decline of 0.95%. However, in the last 30 days, Sika Interplant shares have surged by approximately 13.75%, while gaining 4.29% over the past six months.

Sika Interplant Systems Q3 FY24 Financial Results

Sika Interplant Systems reported a healthy and strong financial growth in Q3 FY24, with big revenue and profit gains. The company's net sales surged 46.11% YoY to Rs.37.98 crore, up from Rs.26.00 crore in December 2023, driven by higher demand and improved operational performance. The EBITDA climbed 37.24% YoY to Rs.9.14 crore, compared to Rs.6.66 crore in the previous year. Meanwhile, quarterly net profit soared 51.06% YoY to Rs.7.14 crore, up from Rs.4.73 crore in Q3 FY23.

About Sika Interplant Systems

Founded in 1969, Ultraweld Engineers Private Limited serves as the parent company of Sika Interplant Systems (SIKA), an engineering-focused firm specializing in aerospace, defense, space (A&D), and automotive sectors in India. Listed on the Bombay Stock Exchange (BSE), SIKA operates across key business verticals, including engineered projects & systems, interconnect solutions & electrical module integration, maintenance, repair & overhaul (MRO), and value-added distribution.