This Micro-Cap Stock, engaged in trading agricultural commodities, edible oils, food products, and allied goods, following its transition from traditional textile manufacturing activities, jumped 9.23 percent after the company board of directors approved a share split of 1:10.
With a market capitalization of Rs. 228.57 crores, the share of Jattashankar Industries Limited has reached an intraday high of Rs. 568 per equity share, rising nearly 9.23 percent from its previous day’s close price of Rs. 520. Since then, the stock has retreated and is currently trading at Rs. 521 per equity share.
Reason Behind the Surge
Jattashankar Industries Limited’s Board of Directors has approved a 10-for-1 stock split, subject to shareholder and regulatory approvals. Under this split, each existing equity share with a face value of Rs. 10 will be divided into 10 equity shares of Rs. 1 each. This will increase the number of shares held by shareholders, while the overall value of their investment will remain unchanged immediately after the split.
The record date for determining which shareholders will be eligible for the stock split has not yet been announced. The company will decide the record date separately and inform the stock exchanges in due course.
For example, if a shareholder owns 1,000 shares valued at Rs. 10 each in Jattashankar Industries Limited, after the 1:10 stock split, their total holding will increase to 10,000 shares with a face value of Re. 1 each. The value of the holding will remain unchanged.
Product Portfolio
Jattashankar Industries Limited has a diversified product portfolio focused on polyester dyed yarn, catering to the varied requirements of synthetic yarn consumers. Its products are widely used in woven fabrics such as suitings, shirtings, sarees and dress materials, along with hosiery and knitwear applications.
The company’s polyester dyed yarn is also used in furnishing and upholstery fabrics, narrow fabrics, labels, laces, tapes and elastics. In addition, its products find applications in sewing threads and industrial fabrics, enabling the company to serve customers across multiple textile and industrial segments.
Company Overview
Jattashankar Industries Limited was incorporated in the year 1988 and is based in Mumbai, Maharashtra. The company was first formed under the name of Jatta Poly Yarn Private Limited and attained the status of a public limited company in the year 1993. Traditionally, the business was involved in the textile industry and manufactured polyester dyed yarn, cotton dyed yarn, bulk yarn, fancy yarn, and woven elastic tapes.
Recent Quarter Results
Looking at the company’s financial highlights, Jattashankar Industries Limited’s revenue has decreased from Rs. 73.40 crore in Q4 FY26 to Rs. 35.78 crore in Q1 FY27, which is a drop of 51.25 percent. The net profit has grown by 61.40 percent from Rs. 0.57 crore in Q4 FY26 to Rs. 0.92 crore in Q1 FY27.
In terms of return ratios, the company’s ROCE and ROE stand at 6.54 percent and 5.43 percent, respectively. Jattashankar Industries Limited has an earnings per share (EPS) of Rs. 4.17, and its debt free company.