1:10 Stock Split: NBFC stock in focus after it sets record date for share split

During Monday’s trading session, the shares of a company involved in the investment in shares and securities and other financing activities are in focus on BSE, after the company fixed a Record Date for the 1:10 stock split.

Price Movement

With a market cap of Rs. 149.8 crores, the shares of Optimus Finance Limited opened in the red at Rs. 200.5 on BSE, down by nearly 0.2 percent, as compared to its previous closing price of Rs. 200.85.

The stock has delivered positive returns of nearly 72 percent over a one-year period, but around 4.5 percent of negative returns in the last one month.

What’s the News

According to the latest regulatory filings with the BSE, Optimus Finance Limited has fixed the record date on Friday, 21st March 2025, for the purpose of a stock split.

On 16th January 2025, the company’s Board approved the stock split in a 1:10 ratio, meaning the existing 1 fully paid-up equity share 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.

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Financials

The company experienced significant growth in its revenue from operations, showing a year-on-year rise of around 43 percent from Rs. 26.13 crores in Q3 FY24 to Rs. 37.3 crores in Q3 FY25. Similarly, its net profit increased during the same period from Rs. 2.7 crores to Rs. 3 crores, indicating a growth of 11 percent YoY.

Key Financial Ratios

In terms of key financial metrics, Optimus Finance has a Return on Equity (RoE) of 15 percent and a return on capital employed (RoCE) of 16.5 percent. Additionally, the company’s debt-to-equity ratio stands at 0.28.

About the Company

Incorporated in 1991, Optimus Finance Limited is a Non-Banking Finance Company (Not Accepting Public Deposits) registered with the Reserve Bank of India (RBI) and is engaged in non-banking finance activities consisting of investment in shares and securities and other investment and financing activities.  

Written by Shivani Singh

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