Captain Technocast Announces Exciting Bonus Share Issuance

In a significant move that has captured the attention of investors, Captain Technocast, a prominent player in the industrial castings sector, has unveiled plans to issue bonus shares. On Wednesday, the company declared a 1:1 bonus issue, meaning shareholders will receive one additional share for each share they currently hold. With shares priced at ₹584.95, the market will adjust this value accordingly once the bonus shares are distributed.

Details of the Bonus Share Announcement

This marks the second time Captain Technocast has opted for a bonus share issuance, with the previous occasion occurring in July 2022. The company has indicated that the record date, which will determine which shareholders qualify for the bonus, will be announced soon.

• Bonus Issue Ratio: 1:1
• Current Share Price: ₹584.95
• Last Bonus Issue: July 2022
• Paid-up Capital Before: ₹11.61 crore
• Paid-up Capital After: ₹23.22 crore

Insights from Leadership

According to Mr. Anil V. Bhalu, Managing Director of Captain Technocast, this bonus issuance is a clear reflection of the company’s strong financial health and dedication to its shareholders. He stated, “We are thrilled to introduce this 1:1 bonus issue, showcasing our commitment to rewarding our valued investors. Our strategy includes enhancing our export operations in Europe and America, while also expanding our valve production through automation to meet the growing demand in the industry.”

Strategic Growth and Future Plans

Captain Technocast is not just focused on immediate rewards but is also committed to long-term growth. Mr. Bhalu emphasized that the company is poised to increase its market presence through:

• Increased Production Capacity: Leveraging government incentives.
• Innovation and Efficiency: Enhancing operational processes.
• Global Expansion: Targeting new markets.

He added, “Our ongoing growth and profitability empower us to pursue these strategic initiatives, reinforcing our mission to provide sustained value to our shareholders.”

Company Background

For those unfamiliar, Captain Technocast is a leading manufacturer known for its high-quality industrial castings, which include components for valves, pumps, engineering parts, and even aerospace and defense applications. The company emphasizes quality and innovation in its manufacturing processes.

Stellar Financial Performance

In terms of financial performance, Captain Technocast has shown remarkable growth. For the fiscal year FY24, the company reported total revenues of ₹63.56 crore, an EBITDA of ₹7.29 crore, and a net profit of ₹3.70 crore. The stock has also delivered impressive returns, soaring 1,659% in the last three years and an astonishing 3,381% over the past five years.

In summary, Captain Technocast’s bonus share issuance not only highlights its robust financial standing but also reflects its commitment to ongoing growth and shareholder value. As the company navigates its expansion plans, investors can look forward to exciting developments in the future.