Multibagger hydraulics manufacturing stock hit a lower circuit after the board announced the record date for a 1:1 bonus share & a 1:10 stock split
DSIJ Intelligence-1Categories: Bonus and Spilt Shares, Multibaggers, Trending
The stock has given multibagger returns of over 150 per cent from its 52-week low is Rs 1,170 per share.
On Wednesday, shares of Bemco Hydraulics Ltd hit a 5 per cent lower circuit to Rs 2,982.30 per share from its previous closing of Rs 3,139.25 per share. The stock’s 52-week high is Rs 3,499.05 per share and its 52-week low is Rs 1,170 per share.
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Bemco Hydraulics Ltd's Board of Directors has approved a significant corporate restructuring to boost share liquidity and affordability. This includes a 1:10 stock split, converting each existing equity share of Rs 10 face value into ten shares of Re 1 each. Concurrently, the board sanctioned a 1:1 bonus issue, distributing one fully paid bonus equity share of Re 1 face value for every one existing share of Re 1 face value, to be funded from the company's free reserves. The Board of Directors has set Friday, August 22, 2025, as the record date for the bonus share and stock split issuance.
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About the Company
Bemco Hydraulics Ltd, established in 2001, is a specialised manufacturer of hydraulic and portable re-railing equipment. The company's diverse product portfolio includes various types of hydraulic presses such as C Frame/Throat Type Presses, Straightening Presses, Sheet Metal Forming Presses, Moulding Presses, Baling Presses and Hydraulic Wheel Fitting Presses. Furthermore, Bemco Hydraulics is well-known for its re-railing equipment, which encompasses Wheel Press-Single Cylinder, Wheel Press-Double Cylinder, Wheel Skate Trolley, Spring Scragging Machines, Spring Preload Testing Machines and RCC Underpass Bridge Shifting equipment, all designed for efficient re-railing of cars and locomotives.
The company has a market cap of over Rs 650 crore. The shares of the company have a PE of 52x, an ROE of 20 per cent and an ROCE of 24 per cent. The stock has given multibagger returns of over 150 per cent from its 52-week low is Rs 1,170 per share.
Disclaimer: The article is for informational purposes only and not investment advice.