1:10 Stock Split: Multibagger Penny Stock Rise 260% in A Year; Ex-Split Date Within 2 Days

This multi-bagger nano-cap company with a market cap of less than Rs 300 crore is going to give a stock split to its investors in a few days, for which the company has kept the ratio of 1:10. This means that the company will divide 1 share into 10 shares. Investors who currently hold 10 shares of the company will have 100 shares after the stock split and investors who currently hold 100 shares will have 1000 shares. After the stock split, its face value will reduce from Rs 10 to Rs 1.

Growington Ventures India Ltd (BSE: 539222) is currently trading at ₹182 on BSE which will trade at around ₹19 per share post the split. The stock will be ex-split on January 31, 2024, which is also the record date to be eligible for this split.

260 Percent Growth in A Year

PeriodClosingGrowthReturns on ₹10k

This stock has fallen by more than 20% in the last five months, but if we look at the overall performance of the company in the last 12 months, it has shown an impressive growth of more than 260%. That means for investors who had invested Rs 10,000 in it 12 months ago, today its value has increased to Rs 36,005.

Investors’ Money Quadruple in 2023

MonthOpeningClosingGain/ Fall
Total Returns in 2023311.36%

Although the market cap of this company is very small which makes it very risky, still investors who invested in it in 2023 have made a lot of money. The share price of Growington Ventures India Limited in January 2023 was ₹54.15 and on the last trading day of the year it closed at ₹222.75 with a gain of 311.36% percent.

1500% Growth in 5 Years and 2000% Growth from Listing

In the table below you can check the company’s absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 10,000 then what is the value of those Rs 10,000 worth of shares today.

PeriodGrowthReturns on ₹10kCAGR
2Y1883%₹1.98 lakh345.27%
5Y1532%₹1.63 lakh74.81%
6Y1556%₹1.66 lakh59.65%
7Y1279%₹1.38 lakh45.48%
8Y1968%₹2.07 lakh46.03%
From Listing2061%₹2.16 lakh43.28%
  • If we look at the performance of the last two years, it has seen a rise of 1883 percent.
  • In the past four years, it has increased investors’ investment by more than 8 times.
  • For investors who had invested Rs 10,000 in it five years ago, the value of those ₹10,000 shares has increased to ₹1.63 lakh today, while for investors who had invested the same amount on listing day, the value of those shares has increased to ₹2.6 lakh.
  • The company’s stock CAGR growth was 74.81% in the last 5 years and 66.54% from the listing.

Performance from Listing (Year-wise)

YearOpenCloseGain/ Fall
Growington Ventures India
Growington Ventures India

About the Company

Incorporated in 2010, Growington Ventures India Limited deals in the trading and distribution of fruits. Before coming into this sector, the company dealt with holiday tours and travel packages but later the company changed its business and got into the business of export and import of premium quality fruits.

The company has a portfolio of fruits such as apple, green apple, South African pear, orange and mandarin, kiwi, dragon fruit, red globe grape, avocado, plum, peach, banana, cherry, nectarine, blueberry, grape-fruit, ram bhutan, dates, longan, tamarind, etc.

The company’s focus is now on further expanding its product portfolio, for which the company has now started the business of spices. The company earns 73% of its revenue from the sale of products and the rest from other resources.

Fundamental of Growington Ventures India Ltd.

Market Cap₹ 291 Cr.
Current Price₹ 182
High / Low₹ 236 / 44.1
Intrinsic Value₹ 15.5
Book Value₹ 11.4
Face Value₹ 10.0
ROCE16.1 %
ROE10.8 %
PEG Ratio4.63
EPS₹ 0.79
P/B Value15.9
Dividend Yield0.00 %
Stock P/E229
Industry PE41.9
OPM4.89 %
Quick Ratio4.78
Debt₹ 0.00 Cr.
Debt to equity0.00
Current liabilities₹ 4.57 Cr.
Current assets₹ 22.3 Cr.
NCAVPS₹ 11.0
Return on Assets8.16 %
Reserves₹ 2.30 Cr.
Cash Equivalents₹ 0.43 Cr.
Inventory₹ 0.48 Cr.

Growington Ventures India Ltd. Profit & Loss

Mar 20191.210.12-23%
Mar 20200.680.32-10%
Mar 20210.800.08-39%
Mar 20221.23-0.03-14%
Mar 202319.631.265%

The financial condition of the company is not so good and on top of that, it is a micro-cap company. The company’s sales and profits are normal. The company’s sales have been between Rs 50 lakh and Rs 1.23 crore and profits have been very low. But in FY 2023, there were sales of Rs 20 crore and profit of Rs 1.26 crore.

Last 10 Years Compounded Sales & Profit Growth

PeriodSales GrowthProfit Growth
10 Years30%62%
5 Years60%50%
3 Years207%58%

The company’s compound sales growth in the last 3 years is 207% and profit growth is 58%. If we look at the Compounded Sales & Profit growth of the last 5 years, it is 60% & 50%.

Shareholding Pattern of Growington Ventures

Mar 202138.16%61.84%
Mar 202238.16%61.84%
Mar 202343.12%56.87%
Sep 202342.70%57.30%
Dec 202342.70%57.31%

Promoters of the company have increased their stake by 4.96% in the last 2 years and sold 0.42% stake in the last quarter.

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