Bonus Share News: In a noteworthy move, Capri Global Capital stocks experienced a robust surge of more than seven percent during Wednesday’s trading session, showcasing resilience amid market fluctuations. The driving force behind this upward momentum is the anticipation surrounding the company’s scheduled board meeting on January 27, where critical decisions regarding stock splits and dividends will be deliberated.
Company Key Metrics
| PE Ratio | 88.4 |
| ROCE | 8.98 % |
| ROE | 7.46 % |
| Market Capital | ₹ 20,413 Cr. |
| Dividend Yeild | 0.05 % |
Market Performance Highlights
Trading at Rs 1028, the stocks exhibited a notable gain of Rs 70 or 7.32% during the afternoon session on the National Stock Exchange (NSE), contributing to the stock’s positive trajectory.
Anticipated Board Meeting Agenda
Capri Global Capital, in an exchange filing, has informed the market about the upcoming board meeting. Slated for January 27, the meeting will not only consider stock splits and dividends but also discuss the issuance of bonus shares and seek approval for the split of equity shares, subject to shareholder consensus.
Previous Milestone and Market Impact
The recent surge follows a remarkable 17.8% increase in the last trading session, triggered by the company securing a Composite Corporate Agency license from the Insurance Regulatory and Development Authority of India (IRDAI). This accreditation empowers Capri Global Capital to distribute a spectrum of insurance products, spanning life, general, and health insurance.
Financial Performance Snapshot
Highlighting its financial robustness, the company recorded a significant topline growth of 65% in the September quarter. The revenue surged from Rs 269.08 crore to Rs 444 YoY. Concurrently, the net profit for the same period witnessed an impressive rise, escalating from Rs 40.83 crore to Rs 47.72 crore, reflecting a notable 16.87% growth.
Market Capitalization and Returns
Capri Global Capital currently boasts a substantial market capitalization of more than Rs 19,000 crore. The stocks demonstrated resilience throughout 2023, delivering a commendable 28% return. In the current year, the stock has already surged more than 34%, showcasing its continued investor appeal.
About The Company
Capri Global Capital Limited (CGCL) is a diversified Non-Banking Financial Company (NBFC) listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and is part of the NIFTY Small cap 250 Index
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