Investors have a reason to celebrate as Yug Decor Ltd, a specialty chemicals manufacturer and trader, continues its remarkable journey. The company’s stock price soared by 5% on Friday, reaching an impressive 52-week high of Rs 106.90 per share. But the excitement doesn’t end there; Yug Decor has a bonus announcement that adds another layer of intrigue. Let’s dive into the details of this multibagger stock with a CAGR of 90%.
Bonus Equity Shares Unveiled
In a recent development, Yug Decor’s Board of Directors, in a meeting held on October 7, 2023, gave the green light to allot 9,38,197 Equity Shares at Rs 10 each as a bonus issue. This bonus shares allotment is scheduled for members registered as of October 5, 2023. The distribution ratio stands at a generous 15 new shares for every 100 existing shares held by members. These bonus shares will carry equal rights and privileges as the current equity shares. Yug Decor assures shareholders that the necessary processes for crediting these Bonus Equity Shares to demat accounts will be executed promptly.
A Glimpse of Yug Decor Ltd
Yug Decor Ltd specializes in the manufacturing and trading of various Specialty Chemicals, including water-based adhesives and solvent-based adhesives. With a market capitalization of Rs 76.89 crore, the company has demonstrated an impressive 3-year CAGR of 90%. This remarkable growth reflects the company’s dedication to excellence in its niche.
Impressive Financial Performance
Yug Decor’s financials have been nothing short of impressive. In H2FY23, the company recorded a 6% increase in net sales, reaching Rs 15.65 crore, and a staggering 137% surge in net profit, totaling Rs 1.09 crore, compared to H2FY22. The annual figures for FY23 are equally promising, with net sales witnessing a remarkable 28% growth, amounting to Rs 31.19 crore, and net profit surging by an astounding 1040% to Rs 1.14 crore compared to FY22. These financials underscore the company’s commitment to sustainable growth and profitability.
A Stellar Investment Opportunity
Yug Decor Ltd has proven to be an excellent investment, offering multibagger returns of 115% in just 6 months and an astonishing 570% growth over the past 2 years. With a market capitalization exceeding Rs 76.89 crore, this micro-cap stock is undoubtedly one that investors should keep a close watch on.
