Double Dhamaka! 1:2 stock split & 32.5% dividend announced: Penny stock under Rs 70 with low PE, high ROE & high ROCE
DSIJ Intelligence-1 / 19 Aug 2025/ Categories: Bonus and Spilt Shares, Dividend, Multibaggers, Penny Stocks, Trending
The stock is up by 10.4 per cent from its 52-week low of Rs 63.19 per share and gave multibagger returns of 373 per cent in 3 years.
Geekay Wires Ltd. has announced that its Board of Directors has approved a 2-for-1 stock split, dividing each equity share with a face value of Rs 2 into two equity shares of Re 1 each. This will result in an Authorized Share Capital of Rs 10,60,00,000, divided into 10,60,00,000 equity shares of Re 1 each. Additionally, the Board has recommended a final dividend of Rs 0.65 per equity share (32.5 per cent of face value of Rs 2 each) for the financial year 2024-25, pending approval by shareholders at the 36th Annual General Meeting. The Record Date for determining eligibility for this dividend has been set as Friday, September 19, 2025.
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Today, shares of Geekay Wires Ltd gained 3.2 per cent to Rs 69.76 per share from its previous closing of Rs 67.62. The stock’s 52-week high is Rs 147.80 per share and its 52-week low is Rs 63.19 per share.
Geekay Wires is engaged in the manufacturing of niche-quality galvanised steel wires and nails, which find applications in power transmission, cable & conductor, general engineering, construction, etc.
Geekay Wires has a market cap of over Rs 360 crore and has delivered good profit growth of 41 per cent CAGR over the last 5 years. In Q1FY26, the company reported net sales Rs 91.74 crore and net profit of Rs 7.19 crore and in FY25, the company reported net sales of Rs 458 crore and net profit of Rs 36 crore.
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The shares of the company have a PE of 11x, an ROE of 29 per cent and an ROCE of 25 per cent. The stock is up by 10.4 per cent from its 52-week low of Rs 63.19 per share and gave multibagger returns of 373 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.