Multibagger Small-Cap Metal Industry Stock Declares Record Date For Stock Split

Small-Cap company Steel Exchange India Ltd (SEIL) has fixed record date for stock split. The company has a market capitalization of Rs 1,353 crore at the time of writing the story. The company was incorporated in February 1999 as Pyxis Technology Solutions Ltd. The company is part of Vizag Profiles Group. Check the key details below pertaining to record date for stock split:

Steel Exchange India Ltd fixes record date for stock split

The company's board has announced July 13, 2022 as the record date for stock split. The board of directors in the BSE filing stated, "Pursuant to Reg. 42 of the Listing Regulations and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Wednesday, July 13, 2022, as the Record Date for the purpose of determining Record Date for sub-division/split of each equity share having face value of Rs. 10/- (Rupees Ten Only) each, fully paid-up into Ten (10) equity shares having face value of Rs. 1/- (Rupees One Only) each fully paid up.

The stock split will take place from the face value of 10.0 to the face value of 1 with record date July 13.

Steel Exchange India Ltd Stock Outlook

The current market price of the stock is Rs 153.65 apiece. The stock has touched a 52-week high of Rs 262 apiece and a 52-week low of Rs 56.90 apiece. The company has made a highest recovery from 52-week low. It has registered growth in net profit with increasing profit margin. The weak point is its high interest payments compared to earnings. The PE of the stock is 11.62 which is higher than sector PE of 4.62. The EPS is 13.22.

Multibagger returns: The stock has given multibagger returns. In the last one year, it has given a return of 163% and in the last 5 years, it has given a return of 59%.

Steel Exchange India Ltd Q4 Results

It has declared a total income of Rs. 373.41 crores during the period ended March 31, 2022 as compared to Rs. 263.23 crores during the period ended December 31, 2021.