Don't Miss Out! 1:1 Bonus Shares + Potential Breakout = Big Moves Ahead By Record Date?

The production, distribution, and export of different investment castings are the areas of expertise for Captain Technocast Limited, an Indian company. It manufactures a variety of castings for the automotive, defense, aerospace, and other sectors. It began operations in Rajkot, Gujarat, in 2010. Known for manufacturing intricate and precise castings for industries such as automotive and engineering applications, defense and aerospace, industrial valves and pumps, power plants and boiler parts, earth moving machinery, firefighting equipment, and structural and hardware applications, the company is a prominent player in the investment casting industry and is publicly listed on the BSE SME platform. Following the small-cap company's announcement of record date 1:1 bonus shares, Captain Technocast's shares finished Wednesday's trading session 0.27% down at Rs 503.65 per share, with a market capitalization of Rs 584.74 Cr.

Captain Technocast Bonus Shares Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, and earlier communication dated 16th april, 2025 we would like to inform you that the Company has fixed Tuesday, 29th April, 2025 as the Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled for the following matter 1. Issue of 1 (One) Bonus Shares for every 1 (one) Equity Shares held by the Equity Shareholders of the Company," said Captain Technocast in a stock exchange filing.

Captain Technocast Financials

The company's total revenue grew by 8.7% from Rs 59.09 crore in FY23 to Rs 64.22 crore in FY24. Net profit increased 31.8% from FY23 to FY24, from Rs 2.92 crore to Rs 3.85 crore. EBITDA rose from Rs 6.40 crore in FY23 to Rs 7.31 crore in FY24, demonstrating improved operational efficiency. While the company's EBITDA margin increased just slightly from 10.69% in FY23 to 11.40% in FY24, its net profit margin improved from 4.88% in FY23 to 5.91% in FY24. Better capital utilization for profit-making was shown by the company's ROCE rising from 16.85% to 18.55% and ROE rising from 14.10% to 15.57% in FY24. Captain Technocast is yet to declare its FY25 results.

Captain Technocast Share Price Target

"Captain Technocast stock price is slightly bullish on the Daily charts with strong support at 475. A Daily close above resistance of 531 could lead to a target of 605 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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