Multibagger Stock Sets Record Date For 2:1 Bonus Shares: Scrip Up 150% YTD

Shish Industries is a small cap company that recorded a market cap of Rs 451.55 Cr during Tuesday's closing session. Plastic corrugated sheets, PP boxes, FIBC bags, PP/PE woven fabric, tarpaulin, and shipping packaging materials are all produced and exported by Shish Industries. The company in June had declared bonus shares in 2:1 ratio and for the purpose of the same record date has been announced.

On June 21, 2023, the Board of Directors of the company approved bonus issue of equity shares in the proportion of 2 fully paid-up equity shares of Rs 10/- each for every 1 fully paid-up equity share of Rs 10/- each held by the shareholders of the company as on the record date, subject to shareholders' approval.

While announcing the record date the company informed stock exchanges on Tuesday that "We wish to confirm that the Company will be declaring the voting result on the businesses proposed at the Annual Generai Meeting on Thursday, July 20, 2023 itself and accordingly, pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, July 28, 2023 as the Record Date to determine eligible shareholders entitled to receive the Bonus Shares."
In Q4FY23 the company reported a net revenue of Rs 19.32 Cr and during the entire FY23 its revenue was Rs 70.23 Cr. The net profit of Shish Industries stood at Rs 0.94 Cr in Q4FY23 and Rs 5.73 Cr in 12MFY23. Its EPS reached Rs 0.89 in Q4FY23 and Rs 5.43 in 12MFY23.

On Tuesday, the shares of Shish Industries closed on the BSE at Rs 396.20 apiece up by 0.30% from the previous close of Rs 395. The stock made a 52-week-high of Rs 411.00 on (26/06/2023) and a 52-week-low of Rs 136.00 on (05/12/2022), indicating that at the current market price, the stock is trading 3.60% below the 1-year high and 191.32% above the 1 year low.

The stock climbed from Rs 14.55 to the current market price during the past five years, resulting in a multibagger return of 2,623.88%. The stock price rose from Rs 20.45 to the current market price during the past three years, resulting in a multibagger return of 1,836.98%. A multibagger return of 120.11% was achieved by the stock price in the past year, which rose from Rs 179.60 to the current market price. On a YTD basis, the stock price has gone up from Rs 157.65 to the current market price, resulting in a multibagger return of 151.41% so far in 2023. During Q4FY23, the company reported promoter shareholding of 66.48% and public stake of 33.52%.