Shish Industries, a penny stock engaged in the business of plastic products and industrial, is going to split for the first time next week. The last date to be eligible is set on December 17. Ahead of the split, Shish stock is trading below Rs 150 and has surged by 31.2% year-to-date. In 5 sessions, the stock has zoomed by 6.13%, while in a month, the upside is about 30%.
Shish Industries Share Price:
After market hours of December 12, Shish Industries stock finished at Rs 134.95 apiece, up by 0.7% on BSE. The company's market cap is around Rs 480.44 crore. Its 52-week high and low are at Rs 172.05 apiece and Rs 99 apiece respectively.
Shish Industries Stock Split:
The company has fixed Tuesday, December 17, 2024, as the record date to determine the eligibility of members for Sub Division/Split of every 1 (One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each fully paid up, be sub-divided/split into 10 (Ten) Equity Shares having face value of Re. 1/- (Rupee One only) each fully paid up.
The stock split ratio is 1:10.
This is the first-ever stock split by Shish Industries. Also, it comes after the company paid hefty bonuses post-Covid era. The company has not delivered any dividends.
Bonus Issues: Shish Industries turned ex-bonus on December 1, 2020, for its first bonus issue of 6:5 ratio. This was followed by the second bonus of 2:1 ratio whose ex-date was on July 28, 2023.
Shish Industries Fundamentals:
As per Trendlyne data, here are the key fundamentals for stock analysis of Shish Industries:
- Stock Price rose 24.09% and underperformed its sector by 161.9% in the past year.
- Price to Earning Ratio is 52.16, lower than its sector PE ratio of 67.89.
- Debt to Equity Ratio of 0.2 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Return on Equity(ROE) for the last financial year was 13.35%, in the normal range of 10% to 20%.
- Mutual Fund Holding remained the same in the last quarter at 0%.
- Interest Coverage Ratio is 14.23, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
- Promoter Share Holding increased by 0.32% in the most recent quarter to 66.03%.
- Promoter Pledges are zero.
About Shish Industries:
Shish Industries Limited through intense research in its field, brings innovations & customization solutions to global customers, driven by strong development capabilities. The company has shown great development since its incorporation. Various innovative developments have always provided the Company an edge over other industries in its field. Founded in 2012, Shish Industries Ltd. has become a trusted manufacturer & exporter of plastic corrugated sheets, PP boxes, FIBC Bags, PP/PE woven fabric, tarpaulin, and shipping packaging supplies. The company has its registered & corporate offices and various factories in Surat district, Gujarat.
Earlier this year, Shish Industries announced the signing of a significant long-term commercial trade agreement, with the USA-based entity Best Construction Products Inc. (BCP). This agreement brings together SIL, a leading company specialising in the production and supply of Construction, Packaging & Thermal Insulation Products, and BCP, a distinguished entity in the United States engaged in quality construction materials.
Under the terms of the agreement, SIL will supply a variety of agreed products crucial for construction purposes to BCP over 5 years amounting to a minimum of USD 37.5 million (approx. Rs. 312 crores present value), as per the filing.
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