A small cap company with a market valuation of 139.55 Cr. The industrial sector that operates is GKP Printing & Packaging Limited. GKP Printing & Packaging Limited is one of the top Corrugated Box manufacturers in the industry, and serves various sectors including Apparel Exports, Steel Ware, Cards. , Wine, Toys, Pharmaceuticals, Printers, Engineering, Confectionery, and FMCG. The company is one of the top producers and exporters in India of Cardboard Boxes, Corrugated Boxes, Display Boxes, Mailer Boxes, Labels, Stickers, Tags, Inserts & Leaflets, Mono Cartons etc. In order to determine the eligibility of shareholders for the purpose of 1:2 Bonus Shares, the Board of Directors of the Company has announced a record date of which existing shareholders and potential investors should be aware.
The company in a regulatory filing said that “In continuation of our notice on the outcome of the Board meeting held on August 01, 2022, one (1) new fully paid-up bonus equity proportionate to the recommendation of issue of bonus equity shares relating to 10/ each and (2) existing fully paid-up equity shares of Rs.10/ each and after the approval of the shareholder of the company in the Annual General Meeting duly held and held on 05th September, 2022 , the Company has set Monday, September 19, 2022, as the “record date” to determine eligible. Shareholders are entitled to receive bonus shares.”
Shares of GKP Printing & Packaging Ltd fell by 4.99% today on lower circuit, 95.15. The stock has given a multibagger return of 393.77% in the last five years and a multibagger return of 421.37% during the last three years. The stock managed to deliver a multibagger return of 136.52% over the last year, but YTD, the stock has dropped 34.15% so far in 2022.
Data from Value Research indicates that the firm is virtually debt-free, and when we take into account the multibagger returns and bonus share announcement, they all add up to something like frosting on the cake. The company has a book value per share of 14.84, resulting in a price-to-book value (P/B) ratio of 6.41, indicating that the stock may be considered an overvalued stock due to its high P/B ratio. . To your peers like Satiya Industries, TN Newsprint, Seshasayee Paper, Andhra Paper, West Coast Paper, JK Paper and Century Textiles.
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