1st Ever 2:1 Bonus Issue: Payment Date - August 18; Buy The Stock To Get Free Shares?

In the printing and logistics sector, DJ Mediaprint & Logistics Limited is an enormous player. More than thirty machines for offset, digital, and associated operations are part of its infrastructure. Altogether, these products offer a wide range of printing options. It has an amazing ability to create 2.5 million books and 3 million magazines every month.

DJ Mediaprint & Logistics Bonus Shares

"The Board of Directors at their meeting held on June 18, 2024 have recommended the issue of Bonus shares in the proportion of 2 (Two) equity share of Rs. 10/- (Rupees Ten only) each fully paid-up for every 1 (One) existing equity share of Rs. 10/- (Rupees Ten only) each of the Company by capitalization of a sum of Rs. 21,65,56,800 (Rupees Twenty One Crores, Sixty Five Lakhs, Fifty Six Thousand, Eight Hundred only) standing to the credit of Reserves and securities premium of the Company as may be considered appropriate by the Board for the purpose of issuance of Bonus equity shares of Rs.10/- (Rupees Ten only) each. The proposed Bonus Issue is not in lieu of Dividend. The proposed issue of Bonus shares will be made subject to approval of the shareholders and in accordance with the provisions of Companies Act, 2013 and subject to such approvals, if required, from the statutory authorities," said the company in a regulatory filing.
The company's share capital would rise from Rs. 10,82,78,400 to Rs. 32,48,35,200 following the issuance of the bonus shares. The bonus shares will be credited to the shareholders by August 18, 2024, or within two months after the date of board approval. The record date for the purpose of bonus shares is to be announced in due course.

DJ Mediaprint & Logistics FY24 Performance Highlights

In the March 2024 quarter, the company's revenue from operations was recorded at Rs. 27.64 crore, a 17.05% growth over Rs. 23.61 crore reported in the March 2023 quarter. Its net profit improved 83.54% from Rs. 1.63 crore in Q4FY23 to Rs. 2.99 crore in Q4FY24. EBITDA climbed by 50.84% to Rs. 6.26 crore in the March 2024 quarter from Rs. 4.15 crore in the same quarter of FY23.

DJ Mediaprint & Logistics Share Price Target

"DJ Mediaprint & Logistics Limited offers integrated printing, logistic, and courier solutions across diverse sectors including banking, airlines, education, and healthcare. The stock has delivered an impressive return of 132.78% over the past year, showing its potential. However, a high current PE of 78.42 compared to the sector average PE of 13.01 suggests overvaluation at the current price of Rs. 357. Investors should consider entering DJML at a lower price range of Rs. 275 to Rs. 295 to align its value with the target price range of Rs. 330, Rs. 380, Rs. 410, Rs. 450, and Rs, 500. For this stock, I recommend a holding period of 90 to 400 days, while adhering to a stop loss of Rs 235 to protect investments. DJML's recent trading range has been between Rs 125 and Rs 370, highlighting its price fluctuations. With a market cap of Rs 395 Cr, DJML is a small-cap stock, which might appeal to investors looking for growth opportunities in a relatively niche segment," said V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

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