BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
TTK Prestige Ltd. is India’s leading player in kitchen solutions and has been successful in transforming itself from a company manufacturing pressure cookers to having an entire gamut of home and kitchen appliances.
The company, over the years, has maintained its balance sheet strength with strong cash reserves (~Rs 500 plus crore) and healthy return on invested capital of 30% plus.
Further shares of the company were split on December 14, 2021 (ex-date) pursuant to the shareholder approval granted for sub-division of shares in its meetings on December 1, 2021. The record date for the same has been fixed as December 15, 2021.
Subsequently, the shares of TTK Prestige have been split with existing face of Rs 10 being subdivided into 10 equity shares of Rs 1 face each.
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