Smallcap consumer electronic stock, PG Electroplast has given double-digit returns during the trading session this week. The reason is its healthy earnings, allotment of shares, and stock split of 1:10 which will make its share price affordable for both new and existing customers. PG Electroplast currently trades near Rs 2,600 per piece. And to be eligible, investors would be required to hold the shares by the end of the record date.

At the time of writing, PG Electroplast shares traded at Rs 2575.75 apiece, up by Rs 91.20 or 3.7% on BSE with a market cap of Rs 6,703.71 croreChennai Investment. This is amidst a volatile market.

Also, the stock stayed near its fresh 52-week high of Rs 2,639.80 apiece which was recorded on May 23 after the stock split announcement. In 5 days, PG Electroplast shares gained by a whopping 20%. In a year, the stock rallied by 73%. But in 5 -years, PG Electroplast has made many investors rich, rising by a whopping 3,583%.

The stock was merely at Rs 69.95 apiece on May 24, 2019.

As per the regulatory filing, PG Electroplast has declared a stock sub-division of a 1:10 ratio.

This means that sub-division/split of existing equity shares of the Company from 1(One) equity share having a face value of Rs. 10/- each (Rupees Ten Only), fully paid up into10 (Ten) equity shares having face value of Rs. 1/- each (Rupee One Only) fully paid-up, subject to the approval of shareholders of the Company.Agra Stock

On the record date, PG Electroplast said, "The Record Date for such sub-division/split of equity shares will be intimated in due course."

Stock split means that already owned shares are subdivided into smaller shares. This face value reduces in the proportion of the split ratio, however, it has no impact on a stock's capital and reserves. However, a split ratio does reduce the future dividend in the same proportion. Only those investors are beneficiaries who hold the listed stock as of the record date of the stock split.

By doing a stock split, PG Electroplast will improve Liquidity by breaking it into smaller sizes.Bangalore Stock Exchange

On May 22, the company allotted 71,599 (Seventy-One Thousand Five Hundred Ninety-Nine Only) Equity Shares of Rs. 10/- each to the 'PG Electroplast Limited Employees Welfare Trust' under PG Electroplast Employees Stock Options Scheme - 2020.

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stands increased to Rs. 26,09,78,440/- divided into 2,60,97,844 Equity Shares of the face value of Rs.10/- each

In Q4FY24. the operating revenue for the quarter was INR 1,076.6 crores - a growth of 30.0% YoYAgra Wealth Management. While Quarterly EBITDA stood at INR 119.8 crores versus Rs 76.9 crores in 4QFY2023 - a growth of 55.8%. And, Quarterly Net profit stood at INR 71.59 crores versus INR 40.17 crores in 4QFY2023 - a growth of 78.2%.

FY24 revenue was at INR 2,746.5 crores - a growth of 27.2% YoY. Further, EBITDA for FY2024 stood at INR 274.8 crores vs INR 180.4 crores- a growth of 52.3%. And lastly, Net profit for FY2024 stood at INR 137.0 crores versus INR 77.5 crores -a growth of 76.9%.

The company has recommended the payment of a final dividend of @20% i.e. Rs. 0.20 per equity share of the Company. In this connection, it is pertinent to note that the rate of dividend is fixed upon because the cut-off date for payment of dividend shall be fixed upon subdivision of equity shares of the Company to RsPune Stock. 1 /- each.

- For PGEL Consolidated Revenue guidance is of at least INR 3400 crores which is a growth of 23.8% over FY2024

Revenues of INR 2746 crores. This is despite TV business revenues shifting to JV company Goodworth Electronics Ltd.

- For Goodworth, Revenues we expect at INR 600 crores.

- Implying Group Revenues to be around 4000 crores.

- PGEL Net profit guidance of INR 200 crores which is a growth of 46% over FY2024 Net profit of INR 137 crores.

- In FY2025, Management expects EBITDA margins to have a slight upward bias.

- The growth in product business i.e., WM, RAC and Coolers is expected to be around 44% to over INR 2400 crores from INR 1668 crores in FY2024.