Bonus shares: Linc Limited, formerly known as Linc Pen & Plastics Ltd., has announced a record date for a significant corporate action that includes a stock split and issuance of bonus shares.
Linc share price has been in base building mode for a year. However, LINC share price has given around 236 per cent return during the period of 5 years.
Linc share price was trading in the green, up 3.26 per cent, on December 9, at 9:39 am, on BSE. The company enjoys a market capitalisation of ₹978.60 crore, as per BSE.
In a communication to stock exchanges, the company confirmed that Friday, December 20, 2024, has been set as the record date for these actions.
Stock Split Details
Linc Limited will execute a sub-division of its equity shares. Each equity share with a face value of ₹10 will be split into two shares with a face value of ₹5 each, fully paid up.
Bonus Share Issuance
The company will issue bonus shares in a 1:1 ratio. This means shareholders will receive one new fully paid-up equity share of ₹5 for every existing fully paid-up equity share of ₹5 they hold.
Linc Limited, in its Q2FY25, achieved a total income of ₹13,728 lakhs, reflecting a year-over-year growth of 3.1 per cent. The Pentonic brand, which contributed 37.4 per cent of the company’s revenue in H1 FY25, showed remarkable growth of 23.7 per cent in Q2. Gross profit increased by 14.4 per cent to ₹4,360 lakhs, and the gross profit margin improved to 31.8 per cent, a 271-basis-point rise compared to Q2 FY24. Profit After Tax (PAT) rose by 14 per cent to ₹879 lakhs, with a PAT margin of 6.4 per cent.
While Linc has achieved steady growth in gross profit and PAT, the 3.1 per cent increase in total income suggests a moderate pace.
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