During Friday’s trading session, the shares of a company engaged in the business of financing and investment hit a 5 percent upper circuit on BSE, ahead of turning ex-split next week.
Price Movement
With a market capitalisation of Rs. 50.3 crores, the shares of Enbee Trade & Finance Limited hit a 5 percent upper circuit at Rs. 8.79, as against its previous closing price of Rs. 8.38. The stock has delivered negative returns of around 9 percent in one year, but gained nearly 10 percent in one month.
What’s the News
The company has set 11th April 2025, as the “Record Date” to determine the entitlement of equity shareholders for the proposed sub-division (stock split) of its existing equity shares in a 1:10 ratio.
As per the company’s filing with the BSE on 27th January 2025, the Board of Directors approved the stock split in the ratio of 1:10, wherein 1 fully paid-up equity shares with a face value of Rs. 10 each will be split into 10 fully paid-up shares with a face value of Re. 1 each.
Initially, the company had intimated Friday, 4th April 2025, as the Record Date. However, this has since been revised, and the new Record Date has been set as Friday, 11th April 2025.
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Previous Update
In an earlier development, during its meeting held on 17th March 2025, the company’s Board fixed Monday, 24th March 2025, as the Record Date to determine the eligibility of shareholders for the issuance of Bonus Shares in the ratio of 1:6. This implies that eligible shareholders will receive one bonus share for every six existing shares held.
Financial Performance
Enbee Trade reported a significant growth in the revenue from operations, experiencing a rise of nearly 113.6 percent YoY, increasing from Rs. 2.2 crores in Q3 FY24 to Rs. 4.7 crores in Q3 FY25. Similarly, the company turned its net loss of Rs. 1.13 crores into a profit of Rs. 0.82 crores, during the same period.
Key Financial Ratios
In terms of key financial metrics, Enbee Trade & Finance has a Return on Equity (RoE) of 7.65 percent and a return on capital employed (RoCE) of 7.96 percent. Additionally, the company’s debt-to-equity ratio stands at 1.44.
About the Company
Incorporated in 1985, Enbee Trade and Finance Limited (ETFL) is a Non-Deposit Accepting Non-Banking Financial Company (NBFC) registered with the RBI, and is engaged in the business of dealing in unsecured loans to retail and MSME customers. The company’s business model is mainly centered on Loan activities i.e. granting of unsecured loans to body corporate and individuals.
Written by Shivani Singh
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