Record Date – KM Sugar Mills Stock Split

K M Sugar Mills has fixed 29 March 2010 as the record date for the purpose of sub-division / stock split of Rs. 10 per share of the company into five equity shares of Rs. 2 each. KM Sugar Mills rose 3.21% to Rs 37 on BSE, after the company fixed 29 March 2010 as the record date for a 5-for-1 stock split.The company’s equity capital is Rs 18.40. Face value per share is Rs 10. The current price of Rs 37 discounts the company’s Q1 December 2009 annualized EPS of Rs 10.39, by a PE multiple of 3.56. KM Sugar Mill reported net profit of Rs 4.78 crore in Q1 December 2009 compared to net loss of Rs 5.38 crore in Q1 December 2008. Net sales declined 7.5% to Rs 34.81 crore in Q1 December 2009 over Q1 December 2008.