United Van Der Horst Ltd., a joint venture established in 1989, is considering a significant change in its capital structure. The company’s Board of Directors has proposed a stock split, which would divide each existing Rs.10 equity share into two Rs.5 shares, pending shareholder approval. This strategic decision aims to enhance share liquidity and broaden the company’s investor base. While the record date for the split is yet to be finalized, shareholders can anticipate further communication and a voting opportunity in the near future.
A Closer Look at United Van Der Horst Ltd.
Founded as a collaboration between UB Group (India) and Dr. Van Der Horst B.V. (Holland), United Van Der Horst Ltd. specializes in providing reconditioning and manufacturing services for core industries. Leveraging patented chrome plating, specialized welding, and advanced machining techniques, the company offers a range of services including reconditioning, re-standardizing, reverse engineering, and manufacturing solutions. Its clientele includes prominent entities such as Mumbai Port Trust, Oil India, Reliance Industries, and Indian Railways.
Recent Developments and Financial Performance
In December 2023, the company’s promoters increased their stake by acquiring 3,40,000 shares through the conversion of warrants. Consequently, the promoters now hold a 72.07% stake in the company, up from 70.44% in September 2023. With a market capitalization of Rs. 136 crore, United Van Der Horst Ltd. has demonstrated positive performance in both its quarterly and annual financial results.
Share Performance and Outlook
Shares of United Van Der Horst Ltd. closed at Rs. 260 per share on 1st february 2024. Notably, the stock has reached a 52-week high of Rs. 278.80 and a 52-week low of Rs. 66 per share. Over the past three years, it has delivered impressive returns, with multibagger growth of over 900%, showcasing its strong performance in the market.
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