Multibagger Stock Sets Record Date For 1:1 Bonus Shares, Up 150% In 1 Yr

Sunrise Efficient Marketing is a small-cap company with a market capitalization of Rs 109.18 Cr. The company maintains a large stock of all types of IE 2 and IE 3 grade induction motors, power transmission products such as worm and helical gear boxes, LED lighting fittings, all types of lubricants such as hydraulic oil, gear oil and thermic fluid, industrial pumps and chemical pumps.

"With reference to our letter dated 11.08.2023, please note that the record date has been revised to Saturday, September 09, 2023 for the purpose of determining the eligibility of Member's for allotment of bonus equity shares in the proportion of 1:1 i.e. 1 (One) bonus equity share of Rs. 10/- each for every existing 1 (One) equity shares of Rs. 10/- each, subject to the approval of shareholders of the company at AGM to be held on Friday, 01st September, 2023 at 11.00 A.M. at the registered office of the company," said Sunrise Efficient Marketing in a stock exchange filing on Friday.

The company's net revenue in FY23 was Rs 97.73 Cr, up from Rs 65.11 Cr in FY22. The company's expenses in FY23 were Rs 86.58 Cr, compared to Rs 58.45 Cr in FY22. Sunrise Efficient Marketing recorded a net profit of Rs 8.00 Cr in FY23, up from Rs 4.89 Cr in FY22, and an EPS of Rs 16.10, up from Rs 40.90 in FY22. The corporation posted excellent profitability for the fiscal quarter and year ending March 31, 2023. Revenue jumped by 50.10% year on year, from Rs. 65.10 Cr (FY22) to Rs. 97.73 Cr (FY23). PAT climbed 63.81% year on year, from Rs. 4.88 Cr in FY22 to Rs. 8.00 Cr in FY23. Revenue surged 75.13% year on year for the quarter ended March 31, 2023, from Rs. 35.04 Cr (Q4FY22) to Rs. 61.36 Cr (Q4FY23). PAT jumped 280.78% year on year, from Rs. 1.73 Cr in Q4FY22 to Rs. 6.59 Cr in Q4FY23.

On Friday, the shares of Sunrise Efficient Marketing closed on the BSE at Rs 218.35 apiece up by 0.60% from the previous close of Rs 217.05. The stock made a 52-week-high of Rs 310.00 on (19/06/2023) and a 52-week-low of Rs 87.00 on (22/08/2022) indicating that at the current market price, the stock is trading 150.97% above the 1 year low and 29.56% below the 1 year high.
During Q4FY23, the company recorded promoters shareholding of 72.40% and public stake of 27.60%.