The shares of the non-banking financial company gained up to 2 percent after the company fixed the record date for the stock split in the ratio of 1:10.
With a market capitalization of Rs 1,066.98 crore, the shares of Fedders Holding Ltd were trading at Rs 895.00 per share, increasing around 1.35 percent as compared to the previous closing price of Rs 883.10 apiece.
Is Fedders Holding a buy or sell? What is its Fair Value? What are the company's health parameters? What are the positive and negative factors driving the company -- ProTips? Know all the answers on the company's overview page here.
Reason for Rise:-
Today, the shares of the company have seen bullish movement after Fedders Holding Ltd designated Friday, September 20, 2024, as the “Record date” for assessing the eligibility of members for the purpose of subdividing the company’s equity shares from Face Value of Rs. 10 each completely paid-up to Face Value of Rs. 1 each fully paid-up.
Financial performance:-
Examine the company’s financial condition, revenue zoomed by 92 percent from Rs 74 crore in Q1FY24 to Rs 142 crore in Q1FY25, and during the same time frame, net profit magnified drastically by 300 percent from Rs 5 crore to Rs 20 crore.
Ratio analysis:-
The company’s critical ratios show that the return on equity increased from 8.89 percent in FY22-23 to 22.68 percent in FY23-24, while the return on capital employed increased from 8.23 percent to 22.93 percent. The net profit margin (NPM) for fiscal year 23-24 is 17.84 percent.
Shareholding pattern:-
In the company’s recent shareholding pattern, the Promoters of the company own 64.13 percent while Retail shareholders own a 35.76 percent stake in the company and Foreign Institutional Investors own a 0.1 percent stake.
Company Profile:-
Fedders Holding Ltd offers services, including corporate transactional advisory, leasing advisory, real estate regulatory authority (RERA) advisory, strategic sales and marketing advisory, and home loan assistance.
Written by:- Abhishek Singh
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