Now Reading: Waterways Leisure Tourism shares trade ex-stock split today, 1:10 ratio
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Waterways Leisure Tourism shares trade ex-stock split today, 1:10 ratio
Waterways Leisure Tourism shares trade ex-stock split today, 1:10 ratio
Shares of Waterways Leisure Tourism Ltd are trading ex-stock split today. The company is splitting one equity share of face value Rs 10 into 10 equity shares of face value Rs 1…
Shares of Waterways Leisure Tourism Ltd are trading ex-stock split today. The company is splitting one equity share of face value Rs 10 into 10 equity shares of face value Rs 1 each, in a 1:10 ratio. The record date for the split is 26 August 2026. Investors holding shares before that date are eligible for the corporate action.
After the split, the company's paid-up capital will remain unchanged at Rs 72.395 crore, while the total number of shares will rise from 7,23,94,543 to 72,39,45,430, the company said in a filing. The split comes as Cordelia Cruises, which operates the Empress cruise, enters its next growth phase. Plans include adding Sky to the fleet in October 2026 and Sun in November 2027, expanding capacity and meeting rising demand in India's cruise tourism sector.
At 9:50 am on BSE, the stock rose 2.40% or Rs 2.50 to Rs 106.70, on NSE it gained 2.11% or Rs 2.20 to Rs 106.55. Waterways Leisure reported a net profit of Rs 23 crore in the April-June quarter, up 28% from Rs 18 crore in the previous quarter but down 34% from Rs 35 crore in the year-ago period. Revenue from operations rose 8% year-on-year to Rs 190 crore.
Indian Opinion Analysis
Stock splits typically increase liquidity and make shares more affordable for retail investors, though they do not change a company's market value. Waterways Leisure Tourism is expanding its cruise fleet while reporting a year-on-year profit drop, suggesting growth spending may be pressing near-term margins. The company's paid-up capital will remain unchanged at Rs 72.395 crore after the split, so the per-share earnings will adjust proportionally. Investors who bought before the record date of 26 August will see their holding quantity increase tenfold at a proportionally lower price. The real test will be whether the cruise expansion, starting with Sky in October 2026, reverses the annual profit decline and justifies the current valuation. The stock trades at around Rs 107, and the market will watch the September quarter results for signs of demand pickup.
Source: bazaar.businesstoday.in
This brief was synthesised by AI from the source linked above.
