Captain Technocast Announces 1:1 Bonus Share Issuance

Market Performance

Captain Technocast, a manufacturer and exporter of industrial castings, has announced a 1:1 bonus share issuance, granting one additional share for every existing equity share. Following this issuance, the company's paid-up capital will double from ₹11.61 crore to ₹23.22 crore. The company's stock price, currently at ₹584.95 per share, will be adjusted accordingly after the bonus shares are issued. This marks the second bonus issue, with the last in July 2022.

Company Announcement and Financial Details

Bonus Share Issuance Details

• Bonus Ratio: 1:1 (one bonus share for every existing share)
• Paid-Up Share Capital Before Bonus: ₹11.61 crore
• Paid-Up Share Capital After Bonus: ₹23.22 crore
• Number of Shares Before Bonus: 11,610,050 equity shares (Face Value: ₹10 each)
• Number of Shares After Bonus: 23,220,100 equity shares (Face Value: ₹10 each)
• Record Date: To be announced later
• Execution Method: Capitalization of free reserves

Financial Performance

In FY24, Captain Technocast reported the following financial figures:

• Total Revenue: ₹63.56 crore
• EBITDA: ₹7.29 crore
• Net Profit: ₹3.70 crore

The company has demonstrated significant stock performance, reflecting substantial growth over recent years. Over the last three years, the stock has surged by 1,659%, and over the last five years, it has gained 3,381%.

About the Company

Captain Technocast manufactures and exports industrial castings across various sectors, including valves, pumps, fire-fighting equipment, engineering and automobile parts, structural and hardware components, dairy equipment, power plants, and aerospace and defence castings. The company is also expanding its export business in Europe and America while enhancing production capabilities with automation-driven solutions.

Summary

Captain Technocast has announced a 1:1 bonus share issuance, doubling its paid-up capital. The move is part of its strategy to leverage strong financials and expand its market presence. The Bonus Issue Record date will be announced later on. Meanwhile, the company focuses on global expansion, innovation, and efficiency in industrial casting solutions.