₹44 Share Recent Deal With Ambani Company; Hit Upper Circuit; April 8 Meeting For Dividend
Gujarat Toolroom Share Price: Today, in this post we’ll discuss about Gujarat Toolroom latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
Gujarat Toolroom shares hit the upper circuit of the 5% mark today.
The company’s shares had increased to 42.64 in the intraday trading today. There’s a good reason for this increase in shares of the company.
The board member from Gujarat Toolroom is going to examine and approve the plan of reducing the dividend from 100 to an amount of 165 percent.
It is expected that the SME Company Board will consider and vote on the proposal at its board meeting to take place on April 8th, 2024.
What Did The Company’s Statement?
The SME company announced in an exchange report that the dividend request was approved following the company’s impressive financial performance.
Informing shareholders regarding the dividend plan the SME company wrote,
“We are pleased to inform you that an assembly with the Board of Directors of Gujarat Toolroom Limited will be held to discuss a variety of issues which include the declaration of dividends for the current year’s financial year. It is expected to be held on April 8, 2024.”
The company announced that the dividend proposed is expected to be within the 100- to 165 percent”
Company Can Pay Dividends
Gujarat Toolroom’s share price currently stands at around Rs 44.
This means that shareholders who are eligible who be shareholders of this SME company can anticipate an annual dividend of at least the equivalent of Rs44 for each share.
In the past, Gujarat Toolroom came into the spotlight after the SME company announced a partnership to partner with BSE major Reliance Industries Limited (RIL).
Gujarat Toolroom Limited (GTL) is a Public Limited Indian Non-Government Company founded in India on the 25th of March 1983.
It has a record that spans 41 years. The registered office of GTL is in Ahmedabad, Gujarat, India.
| Market Cap | ₹ 248 Cr. |
| Current Price | ₹ 44.64 |
| 52-wk High | ₹ 63.0 |
| 52-wk Low | ₹8.92 |
| Stock P/E | 178 |
| Book Value | – |
| Dividend | 0.00 % |
| ROCE | – |
| ROE | – |
| Face Value | ₹ 1.00 |
| P/B Value | – |
| OPM | 69.7 % |
| EPS | ₹ 0.25 |
| Debt | – |
| Debt to Equity | – |
| Year | 1st Target | 2nd Target |
| 2024 | ₹45 | ₹61 |
| 2025 | ₹62 | ₹75 |
| 2026 | ₹88 | ₹102 |
| 2027 | ₹94 | ₹121 |
| 2028 | ₹122 | ₹130 |
| 2029 | ₹108 | ₹118 |
| 2030 | ₹126 | ₹139 |
| Promoters Holding | |
| Dec 2022 | 1.24% |
| Mar 2023 | 1.24% |
| June 2023 | 0.88% |
| Sept 2023 | 0.37% |
| Dec 2023 | 0.37% |
| DII Holding | |
| Dec 2022 | 0.28% |
| Mar 2023 | 0.28% |
| June 2023 | 0.28% |
| Sept 2023 | 0.28% |
| Dec 2023 | 0.28% |
| Public Holding | |
| Dec 2022 | 98.48% |
| Mar 2023 | 98.49% |
| June 2023 | 98.85% |
| Sept 2023 | 99.36% |
| Dec 2023 | 99.35% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹– Cr |
| 2020 | ₹– Cr |
| 2021 | ₹– Cr |
| 2022 | ₹– Cr |
| 2023 | ₹2.41 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹– Cr |
| 2020 | ₹– Cr |
| 2021 | ₹– Cr |
| 2022 | ₹– Cr |
| 2023 | ₹1.39 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.9 |
| 2020 | 0.12 |
| 2021 | 0.52 |
| 2022 | 3.16 |
| 2023 | 0.15 |
Conclusion
This article is a complete guide about Gujarat Toolroom Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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