1:2 bonus share & 1:2 stock split: Multibagger textile stock hit all-time after stellar Q3 & 9M FY26 results!
Kiran DSIJCategories: Bonus and Spilt Shares, Multibaggers, Trending
Both measures are subject to shareholder and regulatory approvals, with the specific record date to be determined and announced by the Board in due course.
Established in 2012 through a collaboration of the RawatKhedia and Borana groups, R&B Denims Ltd is a significant textile manufacturer located in Surat, India, building upon the over three decades of experience each founding group possesses in the textile sector. The company boasts a diverse product portfolio encompassing a wide range of denim fabrics, including 100 per cent cotton, blends, and specialised options like organic cotton and power stretch, alongside specialised yarns such as cotton tencel and organic yarns and various weaves, shades and finishes; additionally, they offer high-quality carded and combed grey cotton yarns under the Rico brand.
R&B Denims Ltd has announced a dual corporate action to enhance liquidity and reward its shareholders, involving both a 1:2 stock split and a 1:2 bonus issue. The Board has approved the sub-division of each existing equity share with a face value of Rs 2 into two shares with a face value of Re 1 each. Following this split, the company will issue bonus shares in a 1:2 ratio, providing one additional fully paid-up share of Re 1 for every two shares held. Both measures are subject to shareholder and regulatory approvals, with the specific record date to be determined and announced by the Board in due course.
The company reports stellar results in its Quarterly Results (Q3FY26) and nine-month results (9MFY26). In Q3FY26, the net sales increased by 17 per cent to Rs 113.03 crore compared to Q3FY25. The company reported a net profit of Rs 8.29 crore in Q3FY26. Looking at its nine-month results, the net sales increased by 21 per cent to Rs 322.28 crore and net profit increased by 19 per cent to Rs 23.64 crore in 9MFY26 compared to 9MFY25.
The company has a market cap of over Rs 1,600 crore. On Monday, shares of R&B Denims Ltd gained 1.6 per cent to an all-time high of Rs 181 per share from its previous closing of Rs 178.16 per share. The stock also made a 52-week high of Rs 181 per share while its 52-week low is Rs 97.55 per share. The stock gave multibagger returns of 200 per cent in 2 years and a whopping 2,300 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.