Re 1/Sh Dividend, 1:10 Stock Split Declared: Small Cap Stock Rises 101% YTD

Small cap company operating in financial services sector, Systematix Corporate Services Ltd shares slipped over 3% in trade today to settle at Rs 1309.15 per share. Board of Directors of Systematix Corporate Services today recommended Re 1 dividend and 1:10 stock split along with financials results. Systematix Corporate Services shares offered return of 101% year-to-date and soared 440% in last 1-year. The company's market capitalisation stood at Rs 1699.31 crore. Check key details below:

Systematix Corporate Services Recommends Dividend: As per the BSE filing of Systematix Corporate Services issued as on August 9, 2024, "recommended a Final Dividend of Rs. 1/- (Rupees One Only) (10%) per Equity Share of Rs. 10/- (face value) each for the financial year ended March 31, 2024, subject to approval of members in the ensuing Annual General Meeting of the Company."

Systematix Corporate Services Approves Stock Split: The exchange filing added, "considered and approved Sub-division/Split of 1 (One) Equity Share of the Company having a face value of Rs. 10/- (Rupees Ten only) each fully paid up into 10 (Ten) Equity Shares having a face value of Rs. 1/- (Rupee One only) each fully paid up, subject to approval of members in the ensuing Annual General Meeting of the Company. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular dated July 13, 2023 is attached herewith as "Annexure -II"."

Systematix Corporate Services Share Performance: The 52-week high price of Systematix Corporate Services shares is Rs 1656.50 (as on 12/07/2024) and 52-week low price is 230.00 (as on 10/08/2023), respectively. Systematix Corporate Services shares rallied 70% in last 3-months, gained 281% in last 2-years and offered return of 2479% in last 5-years.

Systematix Corporate Financials: The company declared its consolidated net profit for the June 2024 quarter at Rs 1.74 crore as against Rs 4.42 crore reported in the corresponding quarter of last year. The company announced its consolidated total income for June 2024 quarter at Rs 30.49 crore from Rs 20.29 crore in the similar quarter of last year. Its total expenses for June 2024 quarter announced at Rs 28.13 crore as against Rs 14.76 crore declared in similar quarter of last year.

Disclaimer: The stock highlights the dividend, stock split, Q1, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.