with a market valuation of 111.42 Cr., Atom Valves Limited is a Small-cap company dealing in Industrial Industry. The company is a leading manufacturer of plumbing and industrial valves and fittings. Currently, Gate, Globe, Check, Ball, Butterfly, Steam Trap, Boiler Mounting and Accessories, and other industrial valves and fittings are manufactured by ATAM and FEBI and deployed worldwide to handle a variety of applications . The board of directors sets the record date to determine whether shareholders are eligible for 1:1 bonus shares.
The company in a regulatory filing said that “In accordance with Regulation 42 of the Securities Exchange Board of India (Listing and Disclosure Requirements) Regulations, 2015, you are hereby informed that as on Wednesday, October 12, 2022, on record Date for the purpose of determining the eligibility/eligibility of Shareholders (Members) to receive Bonus Shares in the ratio of 1:1 i.e. for every 1(one) fully paid-up equity share of 1(one) Bonus Shares marked as value is 10/- (Rupees ten) each member, subject to the approval of the shareholders at the Annual General Meeting to be held on 30th September, 2022.”
Share of Atom Valves Ltd fell 4.99% from the previous close of Rs. 284.30 to settle on Friday at Rs. 270.10. On Friday, the stock recorded a total volume of 3,000 shares on the BSE. share price has gone up 40 as on October 9, 2020, at the current market price during the last two years, resulting in multibagger returns, an all-time high of 575.25% and a CAGR of 159.81%. share price increased 51.50 as on October 1, 2021, at the current market price during the previous year, resulting in a multibagger return of 424.47% and a CAGR of 429.41%. On a YTD basis, the share price has increased by 47.50 up to current market price as of 3rd Jan 2022 which gives a multibagger return of 468.63% so far in 2022.
Over the past 6 months, the share price has risen by 116 up to the current market price as of 1st April 2022 which logs a multibagger return of 132.84%. However, the stock has lost 20.56% in the last 1 month and 13.71% in the last 5 trading sessions. On BSE, the stock had touched a 52-week high 370.00 at (13/09/2022) and a 52-week-low At 37.25 (16/11/2021) it shows that the stock is trading down 27% from the high and up 625.10% from the low at the current price level. For the quarter ended June 2022, the company recorded a promoter stake of 72.73% and a public stake of 27.27%. The stock is trading at a P/B of 10.12 and a PE of 79.59, which is significantly higher than its peers such as Exide Industries, Endurance Technologies, Motherson Wiring, Uno Minda, Bosch and Samvardhan Motherson International Ltd.
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