Bullish Setup + 1:1 Bonus Shares: Record Date Set For April 21; Your Next Big Move?

A manufacturing company called Captain Technocast Limited focuses on investment castings and associated components. According to its website, the company produces a wide range of castings for a variety of sectors, including engineering, automotive, aerospace, and defense. The firm was founded in 2010 and is based in Rajkot, Gujarat, India. The shares of Captain Technocast finished Friday's trading session on the BSE 1.94% higher at Rs 525 per share, with a market capitalization of Rs 609.53 Cr. The Board has declared the record date for 1:1 bonus shares; therefore, the stock will be the center of attention in the upcoming sessions.

Captain Technocast Bonus Shares

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we would like to inform you that the Company has fixed Monday, 21st April, 2025 as the Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled for the following matter 1. Issue of 1 (One) Bonus Shares for every 1 (one) Equity Shares held by the Equity Shareholders of the Company," said Captain Technocast in a stock exchange filing on 12th April.

Captain Technocast News

"Pursuant to the provision of the Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulation 2011, we hereby declare that we (Promoters and promoter group) held 7510050 equity shares of Captain Technocast Limited as on March 31, 2025 and We have not made any encumbrance of shares, directly or indirectly, during the financial year ended March 31, 2025," informed Captain Technocast to stock exchanges on 5th April.

Captain Technocast Financials

The overall revenue in FY24 was Rs 64.22 crore, up 8.7% from Rs 59.09 crore in FY23. Net profit increased by 31.8% from FY23 to FY24, from Rs 2.92 crore to Rs 3.85 crore. EBITDA showed improved operational efficiency, rising from Rs 6.40 crore in FY23 to Rs 7.31 crore in FY24. From 4.88% in FY23 to 5.91% in FY24, the company's net profit margin increased, although its EBITDA margin only slightly increased from 10.69% in FY23 to 11.40% in FY24. The company's ROE rose from 14.10% to 15.57% in FY24, while its ROCE increased from 16.85% to 18.55%, demonstrating better use of capital to generate profits.

Captain Technocast Share Price Target

"Captain Technocast stock price is slightly bullish on the Daily charts with strong support at 510. A Daily close above resistance of 535 could lead to a target of 615 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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