Double Dhamaka! Record Date Announced for 1:1 Bonus Share & 1:5 Stock Split: Debt-Free Multibagger Stock Rockets 6,700% in 5 Years

Narmada Macplast Drip Irrigation System Limited's Board has approved significant corporate actions aimed at enhancing shareholder value and liquidity, pending approval from its equity shareholders. The company plans to issue bonus shares in a 1:1 ratio, meaning one bonus equity share for every one existing equity share held by eligible shareholders. Additionally, the Board has sanctioned a sub-division or split of the company's existing equity shares, reducing the face value of each share from Rs. 10 to Rs. 2. The record dates for both the bonus issue and stock split are fixed as Friday, October 03, 2025.

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Narmada Macplast Drip Irrigation Systems Ltd, established in 1992, specialises in water management systems, particularly drip irrigation. The company's business encompasses the consultancy of plastic products and raw materials, government supply contracts, and liaison work. Its comprehensive product portfolio includes various drip irrigation systems, PVC, CPVC, and HDPE pipes, fogger systems, fog generators, garden sprinklers, and a range of agricultural and irrigation equipment, catering to diverse needs in efficient water usage and farming.

On Friday, shares of Narmada Macplast Drip Irrigation Systems Ltd surged 1.21 per cent to Rs 205.05 per share. The company has a market cap of Rs 73 crore and as of March 2025, it is debt-free. The shares of the company have a PE of 14.4x, an ROE of 107 per cent and an ROCE of 122 per cent. The stock has given multibagger returns of 456 per cent from its 52-week low of Rs 36.84 per share and a whopping 6,700 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.