Details of Free Shares as Respondent by Company
The record date has not been decided and therefore one can buy the shares if they wish depending on the position and finances of the company.
The record date for new stock investors is the date on which the issue or any corporate action is decided for the investors i.e. in case they hold those particular shares on the date of registration, they receive free shares or get fractional shares, etc.
Financials of Sindhu Trade links and its stock market trajectory
As for the financial statements of the company which gives an idea of how the company can operate in the future, its revenue has decreased slightly and in FY21 the revenue dropped to Rs. 739.85 crore vs. Rs. 1152.51 crore in Fy19. Although his net income remained more or less stable at Rs. 62.85 crores.
The scrip’s P/E ratio is also 104.83 against the negative sector P/E, suggesting a loss for the sector.
Turning to the movement of the share price, it went from a 52-week low at Rs. 128.3 to Rs. 166.2 as its 52-week high and last ended at Rs. 128.3. The company recorded gains of 2143% in one year.
The only reason fueling the rally lately is its heavy debt reduction and its determination to be a net debt-free concern in 2023. The company’s debt ratio stands at 0.57 with debt company net worth reduced by a third in February.
The Company’s peer entities include Bajaj Finance, Shriram Transport, Bajaj Holdings and Muthoot Finance, among others.
Company profile
ks Ltd is engaged in transportation, oil and diesel trading, finance, civil construction and coal mining. The Company’s segments include Financial Operations, Oil & Lubricants and Transportation.
Conclusion
The company’s net profit has more or less held steady, but the company’s financials cannot be said to be as detrimental as its continued debt reduction, which is indeed encouraging. Although there are concerns as the P/E of the sector is deemed negative. Thus, the future profitability of the business may be at risk.
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