Aurionpro Solutions announced bonus issue in the ratio of 1:1 .Stock up by 168.25% in 1 year
Aurionpro Solutions Limited offers software products and consulting services to banking industry in India and abroad. They guide businesses to ADAPT to a new paradigm in Digital Transformation across Banking, Transportation, Logistics, and Government sectors. The company has customers which includes large banks & financial institutions, governments & government undertakings and other business organizations.
Aurionpro Solutions Bonus Issue
On 14th June, 2024 , the company announced issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 10/each for every 1 (one) existing Equity Share ( i.e. 1:1) of Rs. 10/- each to those Equity Shareholders whose names appear in the Register of Members/Beneficial Owners of the Company/Depositories as on the Record Date.
The company has set the record date for the issuance of Bonus shares on Thursday, 27th June, 2024.
Investors who want to receive the Bonus shares must purchase the equity shares of the company by Friday, 26th June, 2024. By 27 June, the shares will be credited in their demat account and heir names would appear in the Register of Members/Beneficial Owners of the Company/Depositories .
READ MORE : Ujjivan Small Finance Bank announces a final dividend of Rs. 1.5/share. The stock gave a return of 34% in a year
Aurionpro Solutions share price target 2024
Key Financial Metrics of the company are :
- Market Capitalization: ₹7,436 Crores
- Stock P/E (Price to Earnings) Ratio: 52.8
- ROCE (Return on Capital Employed): 22.3%
- ROE (Return on Equity): 19.8%
- Debt to Equity Ratio: 0.09
- Current Ratio: 2.20
- Intrinsic Value: ₹1,252
The company is trading at its all time high of ₹2,694 which is also its current market price now. The company’s financials have an impressive results . The consolidated P/L datas of the company shows
| Fiscal Year | Sales + | Operating Profit | OPM % | Net Profit + | Dividend Payout % |
|---|---|---|---|---|---|
| Mar 2023 | 659 | 145 | 22% | 102 | 6% |
| Mar 2024 | 887 | 193 | 22% | 143 | 4% |
It shows that their Sales have increased by 34.58% while their Net Profit has increased by 40.20% in comparison to the previous year. The company is expected to perform well which will positively impact its share price.
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