With a market valuation of Rs 4662.05 crore, the stock price was up 4.6% last week on December 27 at Rs 4662.05 a share on the BSE. The stock’s 52-week low is at Rs 3,116.10 per share, and it is closing the distance towards a 52-week high of Rs 4,925.80 per share. The stock has increased 39% on the BSE so far this year.
Bonus Concern for Garware Technical Fibres Ltd:
The company has announced that 7,94,12,676 fully paid-up Bonus Equity Shares of Rs. 10/-each will be issued in a 4:1 ratio, meaning that for every 1 (one) fully paid-up equity share of Rs. 10/-each held by the company’s members as of Friday, January 03, 2025 (“Record Date”), there will be 4 (four) new fully paid-up Bonus equity shares of Rs. 10/-each.
Investors must thus own Garware Technical stock at the end of the record date in order to qualify. With an expiration date of September 12, 2024, the corporation paid a dividend of up to Rs 3 per share prior to the impending bonus issue.
Listed firms frequently announce a variety of corporate activities, including bonus shares. Bonus shares are similar to free incentives offered to investors. New shares are issued via this corporate action at the current face value of the company’s equity shares. Therefore, after the bonus issuance, the face value stays the same.
Fundamentals of Garware Technical Fibres Ltd.
According to Trendlyne data, one analyst has recommended a STRONG BUY for Garware Technical Fibres Ltd. In FY25, EPS is anticipated to increase by 12.6%. The average target price for a year is Rs 4,600 per unit.
According to Trendlyne, the stock’s fundamentals are as follows:
- The price to earnings ratio is 41.04, which is lower than the sector PE ratio of 66.83. Over the last year.
- The stock price increased 38.47% and beat its sector by 4.07%.
- A good debt-to-equity ratio of 0.1 is less than 1. This suggests that equity is the primary source of funding for its assets.
- During the most recent fiscal year, the Return on Equity (ROE) was 16.87%, which is within the typical range of 10% to 20%.
- In the most recent quarter, Mutual Fund Holding climbed by 0.11% to 9.56. In the last quarter, Promoter Share Holding remained steady at 53%.
- The interest coverage ratio is greater than 1.5, at 18.29. This indicates that business has enough earnings (EBIT) to easily cover its interest payments.
- There are no promoter pledges.