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Buy 10 Shares, Get 40 Shares Free; 458% Profit In 3 Months, Record Date Announced

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In the month of October, companies continuously announced their quarterly results, and this trend continues this month.

And if seen correctly, throughout November you will get many beneficial opportunities like quarterly results of different companies as well as dividends and bonus shares.

Now it is up to us how we take advantage of those opportunities, and if you are also looking for a company giving bonus shares, then today’s article is for you:

Bonus Share

Who does not want to earn profit from the stock market, in such a situation, if by buying some shares of a company, we are getting more shares for free, then it is even better.

Yes friends, we are talking about the company giving bonus shares, and also the special thing is that you are getting this profit on the occasion of Diwali. So let us know about this company and how much bonus shares we will get and when.

which company is it?

Let us tell you that the company we are going to talk about is a civil sector company, named Giriraj Civil Developers Ltd.

There is very good news for those who have invested in this company or are going to invest in it. Recently the company Giriraj Civil Developers Ltd. has announced to give 4 bonus shares to its positional investors for every 1 share held by them.

That means you will get bonus shares in the ratio of approximately 4:1.

Let us tell you that Giriraj Company has said that it will distribute 4 equity shares with the face value of ₹ 10 each among its positional investors.

And if you also have shares in the company then you can also get its profit, if you have also taken 10 shares of the company then you will get a total of 40 shares for free.

Talking about the record date, the record date has been announced by the company on 3 November 2023.

Talking about Giriraj Civil Share, currently, the price per share of the company is around ₹ 409. And let us tell you that during the last 52 weeks, this share has climbed from the level of ₹ 119 to currently reaching close to ₹ 500.

And during the last 3 months, the stock has seen a multibagger gain of 458%, and if we talk about the year 2020, the stock has given a huge profit of more than 1500%.

company overview

Giriraj Civil Developers is one of the top contractors in India and is managed by an experienced, highly qualified knowledgeable, and skilled team. 

Over the course of that time span, the firm gained its place in the center of the contracting industry in India by utilizing professional teams that are highly skilled employees. 

Over the past couple of years, the company has grown rapidly and successfully completed numerous projects, making them reliable contractors in a variety of areas of civil construction. 

They established track performance by ensuring that we keep the cost of time as the primary consideration.

The Company was formed in the form of a private Limited Company under the Indian Companies Act 1956, pursuant to the Certificate of Incorporation issued on the 19th of October, 2005 that was granted by Registrar of Companies, Mumbai as “GIRIRAJ CIVIL DEVELOPERS PRIVATE LIMITED” with it’s registered headquarters in Mumbai. 

The company is now an individual limited company into a publicly-owned corporation beginning on January 22nd, January 2018.

The company focuses upon Railway civil construction such as Railway Station Building, Officer Residential Building, Road over Bridge (ROB), Foot Over Bridge (FOB), Car Shed, Railway Yard and the fitting and laying of track, earthworks and a myriad of other construction and infrastructure projects granted by local government officials like the building of roads, the extension of roads, the construction of halls for community use, public schools, creation of gardens, and repairs and maintenance of such projects.

Fundamentals of Giriraj Civil Developers

  • Market Cap ₹ 979 Cr.
  • Current Price ₹ 409
  • High / Low ₹ 410 / 27.6
  • Stock P/E 248
  • Book Value ₹ 29.9
  • Dividend Yield 0.00 %
  • ROCE 11.0 %
  • ROE 8.34 %
  • Face Value ₹ 10.0
  • Price to book value 13.7
  • Price to Earning 248
  • OPM 7.71 %
  • EPS ₹ 2.23
  • Debt ₹ 19.9 Cr.
  • Debt to equity 0.33
  • Return on equity 8.34 %
  • Return on assets 4.03 %

Shareholding Pattern

  • Promoters 55.50%
  • Retail And Others 44.50%

Price Target

Giriraj Civil Developers Ltd is engaged in the business of civil contract work for government, semi-government and corporations.

The Company performs various contracts of building roads, bridges, foot-over bridges, earthworks and numerous other infrastructure constructions.

It also constructs railway projects in Maharashtra and Gujarat. Its rail projects include Harbor Line, western line and Central Line. The Company also operates water reserving and treatment facilities.

Its promoters hold 55% of the total equity shares. The current ratio of the Company is 1.63, which means that it is able to pay its short-term liabilities with the help of its short-term assets.

The interest coverage ratio of the Company is 4.04, which means that it can cover its interest expenses comfortably with its earnings (EBIT).

PE Ratio

Giriraj Civil Developers currently has a PE Ratio(Peer Median) of 23.52. The ratio is determined by dividing the price of the share at present in terms of earnings per share (EPS). 

A lower PE ratio indicates that the share is more affordable as compared to its market value.

Earnings growth

Growth in earnings is a key measure to consider when evaluating a business. It shows the amount of profit a business is making and informs that the business is expanding.

Giriraj Civil Developers has been able to increase its earnings over the past few years, which is a good sign.

However, it’s important to remember that earnings growth alone won’t make a stock valuable. Investors also need to consider things like debt and other financial metrics.

Dividend Yield

Giriraj Civil Developers pays no dividend to its shareholders. Therefore, it effectively reinvests all of its earnings into the business.

This is a positive sign, as it shows that the company is using its resources efficiently.

This is a key metric to look at when analyzing a company. A high ROE indicates that the company is generating more cash from its operations than it is spending on capital expenditures.

Price-Earnings Ratio

The price-earnings ratio (PAR) is an indicator that measures the price of a stock to its earnings per share. A higher ratio indicates that the stock is more expensive, while a lower ratio indicates that the stock is less expensive.

Increase in earnings is a crucial metric to evaluate a business. However, it is also important to compare this figure against the industry’s net income growth rate.

This will help you determine whether the company’s recent earnings growth is consistent with its historical trend and industry expectations.

The price-to-earnings ratio of a stock measures how much investors are paying for a company’s earnings.

It also tells whether the company’s earnings growth is sustainable. Its PE ratio is more than the industry average of 31.

It shows that the company is highly valued by investors. The Company doesn’t pay dividends to shareholders, which is why it invests the entire profits back into its company. 

This is most likely the reason behind its impressive growth in earnings.

Also Read: Maharatna Share! Gail India Share Price Target 2023-2030

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. Though this is just for informational purposes, 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.

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