Given multibagger return YTD, this stock announces stock split: Details here

With a market valuation of ₹505.72 crore, Mafatlal Industries Ltd. is a small-cap company that operates in the consumer discretionary goods and services (CDGS) industry. Mafatlal Industries Ltd., the flagship brand of the Arvind Mafatlal Group, has been a pioneer in the textile sector for more than a century. The company operates the nation's third-largest textile mill. The company's board of directors has approved a stock split which the existing shareholders and potential investors should be aware of.

The company has said in a regulatory filing that “The Board of Directors of the Company, at its Meeting held today, i.e., 17th September 2022, has inter alia, considered and unanimously approved Sub-division (split) of existing Equity Share of the Company from one (1) equity share having a face value of Rs. 10/- each (fully paid-up) into five (5) Equity Shares of face value of Rs. 2/- each (fully paid-up). The Record Date for such sub-division (split) of equity shares will be intimated in due course.”

Stock split details of Mafatlal Industries as per the data available on stock exchanges

Pre-Split Capital Structure

(Authorised Share Capital)

No. of Shares: 10,00,00,000 shares

Face Value (Rs.)- 10

Total Shares Capital (Rs.): 1,00,00,00,000

(Issued Paid-up and subscribed Capital)

No. of Shares: 1,40,96,486

Face value: ₹10/-

Total Shares Capital (Rs.): 14,09,64,860

Post-Split Capital Structure

(Authorised Share Capital)

No. of Shares: 35,00,00,000 (Equity Shares), Face Value (Rs.) 2/-, Total Shares Capital (Rs.) 70,00,00,000. 3,00,00,000 (Preference Shares), Face Value (Rs.) 10/-, Total Shares Capital (Rs.) 30,00,00,000.

(Issued Paid-up and subscribed Capital)

No. of Shares: 7,04,82,430 (Equity Shares), Face Value (Rs.) 2/-, Total Shares Capital (Rs.) 14,09,64,860.

Expected time of completion: Within 2 months from approval of the shareholders and subject to necessary approvals.

The Existing authorised capital of the Company is divided into two parts. Equity Share 1,42,45,081 of Rs. 10/- each Rs. 14,24,50,810/- and Unclassified Shares 8,57,54,919 of Rs.10/- each Rs. 85,75,49,190/-.

The Authorized Share Capital of the Company is INR 1,00,00,000,00/- (Indian Rupees One Hundred Crore only), divided into (i) 35,00,00,000 (Thirty-Five Crore Only) equity shares of INR 2/- (Indian Rupees Two only) each. (ii) 3,00,00,000 (Three Crore Only) preference shares of INR10/- (Indian Rupees Ten only) each.

Mafatlal Industries Ltd.'s shares ended trading on Friday at Rs. 359.05 a piece, down 4.99% from the previous close of Rs. 377.90. In the last 1 year the stock has given a multibagger return of 152.76% and on a YTD basis the stock has generated a multibagger of 103.60% so far in 2022.