Upcoming Stock Split In India 2021

As the name implies, a stock split occurs when the face value of a stock is reduced, resulting in a rise in the number of outstanding shares. A stock split is a basic event in which a firm adjusts the number of outstanding shares and the face value of those shares without affecting any other financial statement item.

Except for the fact that the total number of outstanding shares of the corporation grows according to the split ratio, the balance sheet items remain unchanged. Each shareholder owns twice as many shares after a two-for-one split, but each represents a claim on just half as much of the corporation's assets and earnings.

Many publicly traded companies often declare a stock split at some point after their share price has increased significantly, in order to decrease the price to a more popular trading price. Although the number of outstanding shares grows as a result of a stock split, the overall dollar value of the shares remains unchanged from pre-split levels because the split adds no real value. Here are three stocks that have announced the stock split in the coming days.

Upcoming Stock Split in India 2021

 

Company	Record Date	Old Face Value	Face Value New
Sagar Cements	17-Aug-2021	10	2
Sun Retail	13-Aug-2021	10	1
Evexia Lifecare	26-Jul-2021	10	2
Tide Water Oil	26-Jul-2021	5	2
Globe textiles	29-Jul-2021	10	2

Evexia Lifecare

It is currently trading at a price of 100.45 dollars per share. It is currently valued at Rs 622.12 crore on the stock exchange. Gross sales of Rs. 974.2 crore and a total income of Rs. 1016.28 crore were reported in the most recent quarter.

Equity shares with a face value of Rs. 10/- each completely paid up into equity shares with a face value of Rs. 2 each fully paid up, with effect from July 27, 2021. (Record Date), the company said in the press release.

The Company has set July 27, 2021, as the Record Date for the purpose of dividing each 1 equity share with a face value of Rs. 10/- into 5 equity shares with a face value of Rs. 2/-. This means if you have one share of the company it will become five after the stock split, If you have 2 shares, it will convert into 10 shares.

With a solid interest coverage ratio of 24.95, the company is in good shape. The company has a high level of operating leverage, with average operating leverage of 9.78 percent. The corporation manages its cash flow well, with a CFO/PAT ratio of 1.09.

Evexia Lifecare Stock Split

The Company has set July 27, 2021, as the Record Date for the purpose of dividing each 1 equity share with a face value of Rs. 10/- into 5 equity shares with a face value of Rs. 2/-. This means if you have one share of the company it will become five after the stock split, If you have 2 shares, it will convert into 10 shares.

With a solid interest coverage ratio of 24.95, the company is in good shape. The company has a high level of operating leverage, with average operating leverage of 9.78 percent. The corporation manages its cash flow well, with a CFO/PAT ratio of 1.09.

PE ratio	496.79
Current ratio	1.71
ROE	5.04 %
D/E ratio	0.07

Tide Water Oil

Tide Water Oil has long been a major player in the Indian lubricant market. Its share price presently is 15995.55. It currently has a market capitalization of Rs 5574.13 crore. The company reported gross sales of Rs. 11272.8 crores and a total income of Rs. 11601.6 crores in the most recent quarter.

The record date for determining shareholders for the bonus issue and the stock split has been set for July 27, 2021. Tide Water Oil split the face value of its shares from Rs 5 to Rs 2. The share has been quoting on an ex-split basis from July 26, 2021. The firm announced that the face value of equity shares will be divided from Rs 5 to Rs 2. The last stock split happend in the year 2016.

Tide Water Oil Stock Split

For the financial year 2020-21, the board additionally suggested a final dividend of 4,000 percent (Rs 200 per share) on a face value of Rs 5 per share (i.e. before sub-division of shares and bonus issuance). On July 19, 2021, the stock will become an ex-dividend. The stock returned 188.79 percent over three years, compared to 50.8 percent for the Nifty Midcap 100.

P/E	39.21
Div Yield	1.89%
Facevalue	5
ROE	16.02 %
ROCE	21.84 %

Globe textiles

It currently has a market capitalization of Rs 176.23 crore. The company reported gross sales of Rs. 2651.68 crores and a total income of Rs. 2670.46 crores in the most recent quarter.

GTIL is a top-ranked and well-known private sector company in Ahmedabad (Gujarat State, India), with a primary business focus on fabric exports. The share has been quoting on an ex-split basis from July 29, 2021.

For the past three years, the company has had a mediocre profit growth rate of 9.45%. The company's sales have grown at a dismal 11.67 percent.

Globe textiles split the face value of its shares from Rs 10 to Rs 2. The record date has been set on July 29, 2021.

PE ratio	-172.39
Face value	10.00
ROE	10.87 %
ROCE	12.62 %
Current ratio	1.19