Small cap company Richfield Financial Services Ltd shares today hit lower circuit on Bombay Stock Exchange (BSE) after the company allotted 37,50,100 bonus equity shares. Last trading price of Richfield Financial Services shares on BSE stood at 52.50 per share at the time of writing the story. The scrip witnessed rally of over 330% in last 1-year when BSE Sensex surged logged gains of 4.70%. Earlier, the Board of the Directors recommended 1:1 bonus share and fixed Feb 14, 2024 as the record date. The company’s market cap stood at Rs 39.38 crore with return on equity (ROE) at 4.43%. Check key details below:
Richfield Financial Services Allots Bonus Equity Shares
According to the regulatory filing of the company dated Feb 17, 2025, “Board of Directors of the Company at the duly convened Board Meeting held on 20th December, 2024 and subsequent approval of Shareholders at the Extra-Ordinary General Meeting held on 10th February, 2025, the Board of Directors at their meeting held today have approved allotment of 37,50,100 (Thirty Seven Lakh Fifty Thousand One Hundred) Bonus Equity Shares of Rs.10/- (Rupees Ten Only) each to the existing Shareholders of the Company in the proportion of One fully paid up Bonus Equity Share of Rs.10/- (Rupees Ten Only) each for every One existing Equity Share of Rs.10/- (Rupees Ten Only) i.e. in the ratio of 1:1 to the eligible Members whose names appeared in the Register of Members.”
The company had recommended 1:1 bonus share on December 20, 2024. This is the only bonus issue that the company recommended.
Richfield Financial Services Dividend History
The company recommended dividend once since June 7, 2024. In last 1-year, the financial sector company announced an equity dividend amounting to Re 0.80 per share. It maintains a dividend yield of 0.76%.
Richfield Financial Services Shares Performance
The 52-week high price of Richfield Financial Services shares on BSE stood at Rs 66.34 per share (as on 27/01/2025) and 52-week low price is Rs 12.80 per share (as on 19/02/2024), respectively. Richfield Financial Services stock delivered shareholders eye-popping returns of 88.65% in last 6-months when Sensex declined 5.72% and managed to defy the negative market sentiments. In last 2-years, the scrip saw rally of over 1100% and registered surge of over 1326%.
Richfield Financial Financials
The company declared its net profit for the quarter ended December 31, 2024 at Rs 0.01 crore, down 96.88% as compared to Rs 0.32 crore declared in the corresponding quarter of last year. Its sales witnessed surge of 100.00% to Rs 1.12 crore for the quarter under review from Rs 0.56 crore reported in December 2023 quarter.
About
It came into existence on 16th April, 1992 in West Bengal as a Private Limited Company under the name & style of Richfield Financial Services Limited. It is engaged in providing financial services.
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