Small Cap Beverages Co To Consider Stock Split In April, Shares Rally 390% In 2-Yrs

Small cap company operating in Breweries & Distilleries industry, Som Distilleries & Breweries Ltd shares declined 8.10% intraday today.

The company has scheduled its meeting of Board of Directors to consider stock split/sub-division of shares. The meeting has been scheduled to take place on April 2, 2024.

Som Distilleries shares declined 30.91% in last 6-months and soared 583% in last 3-years. Check details below:

Som Distilleries To Consider Stock Split: As per the regulatory filing of the company dated March 13, 2024, “the Board of Directors of the Company is scheduled to be held on Tuesday, the 2 nd day of April, 2024 inter-alia to transact the following business:

1. Sub-division/ split of existing equity shares of the Company having face value of Rs.5/- each, fully paid up.

2. Alteration of Authorised Share Capital clause of Memorandum of Association the Company.

3. Obtaining Shareholders’ approval for Sub-division/ Split of equity shares and alteration of Authorised Share Capital of Memorandum of Association and to fix of day, date, time & venue of the proposed Extra Ordinary General Meeting and approve the final notice of the EGM of the Company; and

4. Any other matter with the approval of the Chairperson.”

Som Distilleries Shares Performance & Return: The 52-week high price of Som Distilleries shares on BSE is Rs 389.80 apiece and 52-week low price is Rs 130.39 apiece, respectively. The company has a market capitalisation of Rs 1711.04 crore. Som Distilleries share declined 23% year-to-date, fell 31% in last 6-months, soared 61% in last 1-year, and surged 390% in last 2-years. IN last 5-years, Som Distilleries stock rallied 190%.

Som Distilleries Financials: The company’s net profit for the December 2023 quarter witnessed attractive rally. Its net profit surged 71% to Rs 17.99 crore for third quarter of December 2023 as against Rs 10.52 crore declared in the corresponding quarter of last year, as per its exchange filing. Revenue of the company rallied 63.9% to Rs 266.35 crore for December 2023 quarter as compared to Rs 148.56 crore in the similar quarter of last year.

Som Distilleries About: Som Group of Companies is an integrated AlcoBev player based out of Central India. The group is into production of Beer, Whisky, Vodka, Rum, Gin, Ready to drink beverages & Country Liquor. The group operates a brewery, a distillery, support industries & a distribution network across the country, according to its LinkedIn page.