EFC (I) Ltd shares today witnessed over 6% gain on Bombay Stock Exchange after it issued update on bonus share allotment as Sensex slipped 254.52 points to 76,039.08 at the time of writing the story. Last trading price of EFC shares on BSE stood at Rs 250.95 per share. This is the maiden bonus share that the company has recommended. It has not yet declared any dividend and conduced stock split once in the ratio of 1:5 in 2023.
The FII/FPI backed stock offered stunning returns of 2290.00% in last 3-years and slipped over 8% in last 1-week. Meanwhile, the company’s market cap stood at Rs 2,498.29 crore with return on equity (ROE) at 3.92%. Check more details below:
EFC Issues Bonus Share Allotment Update
As per the regulatory filing of the company dated Feb 12, 2025, “Board of Directors of the Company at their meeting held on Wednesday, the 12th day of February, 2025 has inter-alia approved and allotted 4,97,76,688 equity shares of Rs. 2 (Rupees Two ) each as fully paid-up bonus equity shares, in the proportion of 1:1, i.e., 1 (One) new fully paid-up equity share of Rs. 2 (Rupees Two) each for every 1 (One) existing fully paid-up equity share of Rs. 2 (Rupees Two) each, to the eligible members of the Company whose names appeared in the Register of Members / Register of the Beneficial Owners, on February 11, 2025, the ‘Record Date’ fixed for this purpose.”
Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased to Rs. 19,91,06,752 divided into 9,95,53,376 equity shares of Rs. 2 (Rupees Two) each, added the exchange filing.
EFC (I) Ltd Shareholding
FII/FPI reduced holdings from 5.36% to 4.59% for December 2024 quarter. Number of FII/FPI investors surged from 18 to 27 December 2024 quarter. Institutional Investors raised holdings from 7.39% to 8.31% for December 2024 quarter, according to Trendlyne.
EFC Shares Performance
The 52-week high price of EFC shares on BSE is Rs 358.48 per share (as on 16/12/2024) and 52-week low price is Rs 151.55 per share (as on 14/03/2024), respectively. EFC shares declined 12.81% in last 1-month, slipped 15.83% year-to-date, surged 14.43% in last 1-year. EFC shares rallied 246.52% in last 2-years and surged 3870.73% in last 5-years.
EFC (I) Ltd Financials
The company declared its financial results on January 24, 2025. Its declared its standalone quarterly net profit at Rs 5.23 crore for the quarter ended December 31, 2024, up 2405.32% as against Rs 0.21 crore announced in the corresponding quarter of last year. Its standalone net sales zoomed 30.75% to Rs 6.49 crore for the December 2024 quarter from Rs 4.96 crore declared in the similar quarter of last year. The company’s EBITDA for the quarter under review stood at Rs 9.03 crore, up 447.27% as compared to Rs 1.65 crore declared in December 2023. The company announced a surge in its EPS to Rs 1.05 for December 2024 quarter from Re 0.05 in December 2023.
Disclaimer: The story highlights bonus share and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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