Multibagger stock: Electrical company Wonder Electricals (NSE: WEL) will give dividends to its shareholders. If you want to gain more profit through the stock market, you should consider taking advantage of that dividend.
The previous trading session, the shares of the company were trading at 540.20 in the BSE with a decrease of 0.71 percent.
It is a small-cap company whose market cap is only Rs 724 crore. The company has declared a dividend for the first time.
This company manufactures home appliances. The stock’s 52-week high is Rs 572.60 and the 52-week low is Rs 183.45.
How Much Dividend Will The Shareholders Of Wonder Electricals Get?
The board of Wonder Electricals has approved a first interim dividend at the rate of 10 percent, on the face value of paid-up equity shares of Rs 10 each for the financial year 2023-24. This means that investors will be paid a dividend of Re 1 per share.
The company has fixed March 14, 2024, as the record date for payment of dividends. Usually, companies distribute some of their profits to shareholders via dividends.
Dividend payments are generally considered positive for a company. It makes the business more appealing to investors which boosts the value of the stock.
Stock Has Given Multi-bagger Returns
In the last month, shares of Wonder Electricals have given an excellent return of 52 percent. At the same time, this stock has increased by 83 percent in the last 6 months.
The company’s shares have rallied 32 percent so far this year.
In the last year, its investors have made a huge profit of 145 percent. Not only this, this stock has risen 212 percent in the last two years.
About Wonder Electricals Ltd
Wonder Electricals Ltd is an Indian company that blends engineering.
It is a company that is engaged in the creation and manufacture of solutions for local and international consumer-friendly brands of fans.
With OEM, the OEM structure, the company offers services that include manufacturing, sourcing packaging, quality testing and logistics, and packaging to customers across its product lines.
In the ODM model, it creates and designs products on its own within its research and design (R&D) center.
It also handles the manufacturing and distribution of these items to businesses located in India.
The products of the company include BLDC fans for ceiling fans exhaust fan pedestal fans as well as TW-type fans.
It has two manufacturing facilities that comprise Raipur Industrial Area, India, Uttarakhand, and Industrial Park Kucharam Village, Telangana, Hyderabad.
Fundamental Analysis of Wonder Electricals Ltd
| Market Cap | ₹ 718 Cr. |
| Current Price | ₹ 536 |
| 52-wk High | ₹ 573 |
| 52-wk Low | ₹183 |
| Stock P/E | 79.0 |
| Book Value | ₹ 45.0 |
| Dividend | 0.19 % |
| ROCE | 14.9 % |
| ROE | 11.1 % |
| Face Value | ₹ 10.0 |
| P/B Value | 11.9 |
| OPM | 4.52 % |
| EPS | ₹ 6.78 |
| Debt | ₹ 20.6 Cr. |
| Debt to Equity | 0.34 |
Wonder Electricals Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹530 | ₹575 |
| 2025 | ₹580 | ₹605 |
| 2026 | ₹612 | ₹635 |
| 2027 | ₹640 | ₹665 |
| 2028 | ₹670 | ₹700 |
| 2029 | ₹712 | ₹765 |
| 2030 | ₹800 | ₹842 |
Wonder Electricals Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 71.79% |
| Mar 2023 | 71.79% |
| June 2023 | 71.79% |
| Sept 2023 | 71.79% |
| Dec 2023 | 71.79% |
| DII Holding | |
| Dec 2022 | 9.99% |
| Mar 2023 | 9.99% |
| June 2023 | 9.99% |
| Sept 2023 | 10.88% |
| Dec 2023 | 11.07% |
| Public Holding | |
| Dec 2022 | 18.22% |
| Mar 2023 | 18.21% |
| June 2023 | 18.22% |
| Sept 2023 | 17.33% |
| Dec 2023 | 17.14% |
Wonder Electricals Share: Last 5 Years’ Financial Condition
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 | ₹309 Cr |
| 2020 | ₹297 Cr |
| 2021 | ₹305 Cr |
| 2022 | ₹398 Cr |
| 2023 | ₹457 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹6 Cr |
| 2020 | ₹4 Cr |
| 2021 | ₹5 Cr |
| 2022 | ₹7 Cr |
| 2023 | ₹9 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.16 |
| 2020 | 0.3 |
| 2021 | 0.19 |
| 2022 | 0.34 |
| 2023 | 0.41 |
Last 10 Years’ Profit Growth:
| 10 Years: | 62% |
| 5 Years: | -5% |
| 3 Years: | 12% |
| Current Year: | 86% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 14% |
| 3 Years: | 12% |
| Last Year: | 11% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 7% |
| 3 Years: | 11% |
| Current Year: | 14% |
Conclusion
This article is a complete guide about Wonder Electricals 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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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
