10:1 Stock Split: NBFC stock in focus after board approves share split

During Friday’s trading session, the shares of a Non Deposit Taking Non-Banking Finance Company (NBFC) are in focus after the Board of the company considered and approved the stock split in a 1:10 ratio. 

With a market cap of Rs. 168.8 crores, the shares of Optimus Finance Limited opened in the green at Rs. 236.25 on BSE, up by nearly 2 percent, as against its previous closing price of Rs. 231.6. 

What’s the News

According to the latest regulatory filings with the BSE, the Board of Optimus Finance Limited, during its meeting held on January 16th, approved a stock split for the company’s equity shares. 

The stock split will be executed in a 1:10 ratio, meaning that the existing 1 equity share of the company with a face value of Rs. 10 will be divided into 10 equity shares having a face value of Re. 1 each fully paid-up, subject to the approval of the company’s members. 

The Record Date for the stock split will be determined after obtaining approval from the company’s members, and the same will be intimated in due course. 

Financials

Optimus Finance reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 44 percent, rising from Rs. 25 crores in Q2 FY24 to Rs. 36 crores in Q2 FY25. 

Similarly, the company’s net profit increased from Rs. 1.25 crores to Rs. 2.3 crores over the same period, representing a growth of around 84 percent YoY. 

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Stock Performance

The stock has delivered multibagger returns of nearly 151 percent of returns in one year, as well as around 119.3 percent returns in the last six months. Meanwhile, the shares of Optimus Finance have gained around 10 percent in the last one month. 

About the Company

Incorporated in 1991, Optimus Finance Limited, formerly known as Transpek Finance Limited, is an RBI-registered Non Banking Financial Company (NBFC) primarily engaged in non-banking finance activity including investments and trading in marketable securities & mutual funds, and financing activities.

In 1995, Optimus Finance issued equity shares of Rs. 10 each at a premium of Rs. 25 per share to the public. 

Written by Shivani Singh

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