A small-cap company operating in the real estate and construction services sector has announced that its board of directors will convene for a meeting to discuss and finalize a proposal for a stock split.
Price Movement
On Monday’s trading session, the share price of AGI Infra Ltd reached an intra-day high of Rs.1,649.00 per share rising 3.2 percent from its previous close of Rs.1,596.85 apiece. The shares adjusted since then before closing at Rs.1,591.50 per share.
What happened
A meeting of the Board of Directors of AGI Infra Ltd. is scheduled for Monday, December 2, 2024, to consider and approve the sub-division or stock split of the company’s equity shares. The proposal will be subject to approval by the company’s shareholders and relevant regulatory or statutory authorities.
Major Projects
AGI Infra has developed several notable projects catering to residential and commercial needs. These include Jalandhar Heights, a series of residential complexes offering over 1500 flats; AGI Urbana, a mixed-use development combining residential and commercial spaces; AGI Smart Homes, integrating modern smart technology into home designs; AGI Sky Garden, focused on affordable housing under PMAY; and AGI Business Center, designed to support regional commercial activities.
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Financial Performance
In its latest financial update, the company reported net sales of Rs.78 crore for Q2 FY25, up 9 percent from Rs.71 crore in Q2 FY24. However, profit after tax remained stable at Rs.17 crore, rising 21 percent from Rs.14 crore.
In terms of return ratios, the Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 25.1 percent and 26.2 percent, respectively. The company maintains a current ratio of 1.05 and a debt-to-equity ratio of 0.55.
Shareholding Pattern
The September 2024 shareholding pattern for AGI Infra shows that promoters hold a 72.95 percent stake, Foreign Institutional Investors (FII) hold 0.03 percent, Domestic Institutional Investors (DII) hold 0.02 percent, and Retail investors hold 27.01 percent.
Company Overview
AGI Infra Limited is a leading real estate and construction company based in Punjab, India, established in 2005. The company specializes in both residential and commercial projects, with notable developments including Jalandhar Heights and AGI Urbana.
Written by – Siddesh S Raskar
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