SC Agrotech Bonus Issue and Stock Split: 4:5 Bonus and 1:10 Split Proposed as the Stock Locks a 5% Upper Circuit at Rs 62.38, Q2 Profit Up 48 Times and What Shareholders Should Check Before the 11 December EGM

SC Agrotech bonus issue plans took concrete shape on 13 November 2026, when the board proposed a 1:10 stock split and a 4:5 bonus and SC Agrotech stock ended the day in the 5% upper circuit at Rs 62.38. The agri trading company had already gained about 34% from Rs 46.58 on 5 November, and it has now logged a run of upper circuits in a week. SC Agrotech stock also drew heavy volume on the day.

This article explains the share math, the September quarter numbers behind the rally, valuation, ownership and the risks to weigh. Univest does not give buy or sell calls, so it sets out a framework and not a verdict. SC Agrotech shares are analysed here with both sides in view.

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SC Agrotech Shares Today: Key Numbers After the Upper Circuit

Metric (13 Nov 2026)	Value on BSE
Last price	Rs 62.38, up 5.00%
Previous close	Rs 59.41
Volume	About 11.55 lakh shares
Market capitalisation	About Rs 474 crore, our own calculation on about 7.6 crore shares
PE, trailing earnings	19.74, against industry PE of 56.69
Price to book value and return on equity	3.28 times and 16.6%
Debt to equity	0.07
Face value today	Rs 10, proposed to fall to Re 1

SC Agrotech stock opened and traded at almost the same level through the session, which is typical of an upper circuit day where buyers outnumber sellers at the price limit. Such days show strong demand, but they also mean sellers who wanted out could not exit at that price.

SC Agrotech shares are also well above where the corporate action was first flagged. They traded at Rs 46.58 on 5 November, when the board meeting agenda became public, and a data provider put the one-year gain near 159% at that time.

What the Board Proposed on 13 November

Item	Proposal	Status
Stock split	1:10, Rs 10 share becomes ten shares of Re 1	Needs shareholder approval
Bonus issue	4:5 on the enlarged holding after the split	Needs shareholder approval
Authorised capital	Increase of Rs 61 crore	Needs shareholder approval
Dividend	Deferred to a later quarter	Not declared
Extraordinary general meeting	11 December 2026	Date set
Record dates	Not yet announced	Pending

Before the meeting the company had flagged a split of up to 1:10, a bonus of up to 4:5 and a dividend of up to 100% of face value. The final proposal kept the SC Agrotech split and bonus at the upper limits and dropped the dividend for now, which fits the weak cash position. SC Agrotech shares were already pricing in a large part of the proposal.

The Rs 61 crore capital increase lines up with the bonus math. With about 7.6 crore shares of Rs 10 each, the SC Agrotech split gives 76 crore shares of Re 1, and a 4:5 bonus adds about 60.8 crore more, which is close to Rs 61 crore. That match is our own calculation and not a figure from the company. SC Agrotech bonus shares will come out of this enlarged capital base.

SC Agrotech Bonus Issue and Split Math: What 100 Shares Become

Step	Shares held	Face value	Theoretical price
Today	100	Rs 10	Rs 62.38
After 1:10 split	1,000	Re 1	About Rs 6.24
After 4:5 bonus	1,800	Re 1	About Rs 3.47

The theoretical prices are our own calculations that divide the current price by the extra shares, and the real price will move with demand. A lower price per share can widen retail participation and improve liquidity, but it does not make the company any better value. The SC Agrotech share price will not simply divide by ten.

Sequence matters. Because the SC Agrotech split comes before the bonus, the bonus is calculated on 1,000 shares and not on 100. If the order were reversed the share count would end in the same place, but the stated order is what the company has proposed. The SC Agrotech split therefore comes first in the proposed order.

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Q2 FY27 Results Behind the Rally

Consolidated metric	Q2 FY27	Q2 FY26	Q1 FY27
Revenue from operations	Rs 45.25 crore	Rs 5.01 crore	Rs 37.85 crore
Net profit	Rs 10.21 crore	Rs 0.21 crore	Rs 9.55 crore
Basic earnings per share	Rs 1.34	Rs 0.35	Not stated

Revenue is about nine times the year-ago level and profit is nearly 48 times, which explains the rally. Against the June quarter the rise is more modest, with revenue up 19.55% and profit up 6.91%, so the step change happened earlier in the year and the latest quarter shows continued growth rather than a new jump. SC Agrotech stock investors are paying for this growth already.

The company is an agricultural trading business, reportedly across seeds, fertilisers, pesticides, contract farming and agro-processing. It launched a digital platform called AgriBridge on 4 November and has set up subsidiaries in agri-technology, mining and healthcare. The September quarter results exclude any income from that platform, and the subsidiaries have not started operating. SC Agrotech shares carry the risk that the new businesses stay small.

Valuation, Cash Flow and Ownership

Measure	Figure
Trailing earnings per share	Rs 3.01
Book value per share	Rs 18.13
Operating cash flow, FY26	Minus Rs 107.27 crore
Promoter holding, Sept 2026	None shown, 100% public
Dividend history since 2000	None, per exchange data aggregators

At about 19.7 times trailing earnings, SC Agrotech stock sits well below an industry multiple near 56.7, but trailing earnings per share of Rs 3.01 is lower than the latest quarter's Rs 1.34 annualised would suggest, so the multiple will look different as new quarters replace old ones. Valuation is therefore a moving target. SC Agrotech stock may look better value than it is, because the profit base is new.

Cash flow is the weaker area. Operating cash flow was negative by Rs 107.27 crore in FY26 as working capital expanded, which is why a dividend was hard to fund. The shareholding pattern shows no promoter category, and in March 2026 a small number of named public holders held between about 4.5% and 4.9% each. SC Agrotech share price gains need cash flow to follow.

Risks Before Acting on the Corporate Action

The first risk in any SC Agrotech bonus issue is approval and timing. Nothing is final until shareholders vote on 11 December 2026, and the exchanges and regulators have their own steps, so record dates may shift. The second is earnings quality. Profit is new, the revenue base a year ago was tiny and no segment split has been disclosed. Any SC Agrotech split or bonus shares only arrive after that vote.

The third is price. A stock that moved from Rs 46.58 to Rs 62.38 in about a week has already priced in much of the news, and corporate action rallies often fade after the ex-date. The fourth is liquidity. Small stocks that hit circuits can swing sharply when the limit lifts or a fresh seller appears.

What to watch	Why it matters
Record date and ex-date announcements	Decide who qualifies for the split and bonus
11 December 2026 EGM outcome	Gives the formal approval
Next quarterly result	Tests whether Rs 10 crore profit repeats
Operating cash flow	Shows whether profit turns into cash
Sensex trend	Small caps tend to fall faster in a weak market

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Conclusion

The SC Agrotech split and bonus will make SC Agrotech stock look smaller on screen and widen the share count, but they do not change what the company earns. The real case rests on September quarter profit of Rs 10.21 crore, a plan that includes a new digital platform, and a cash flow record that is still negative. Decide on position size, a review date and an exit rule before acting.

Frequently Asked Questions

What did the SC Agrotech board approve on 13 November 2026?

Ans. The board proposed a 1:10 subdivision of equity shares, which turns each Rs 10 share into ten shares of Re 1, followed by a 4:5 bonus issue on the enlarged holding. It also considered raising authorised share capital by Rs 61 crore. A dividend that was on the agenda was deferred to a later quarter, and the proposals need shareholder approval at an extraordinary general meeting on 11 December 2026.

How many shares will I hold after the split and bonus?

Ans. If the split happens first and the bonus follows, 100 shares become 1,000 after the split and 1,800 after the bonus, because 4:5 adds four new shares for every five held. That is 18 times the share count. It is not 18 times the value, since the market price adjusts for both actions, so the same holding is worth roughly the same amount on the adjustment day.

What are the record dates for the SC Agrotech bonus and split?

Ans. Record dates have not been announced in the filings we could verify. Both actions are subject to shareholder approval on 11 December 2026 and to regulatory steps, so the timetable can move. Watch the exchange announcements for the record date and ex-date, because you must hold the shares before the ex-date to qualify.

Why did the SC Agrotech share price hit the upper circuit?

Ans. The stock rose 5% to Rs 62.38 from a previous close of Rs 59.41 on 13 November 2026, the limit for the stock on that day, with about 11.55 lakh shares traded. The move followed the corporate action proposals and a September quarter result in which profit rose from Rs 0.21 crore to Rs 10.21 crore. The stock also gained about 34% from Rs 46.58 on 5 November, our own calculation.

How strong are the SC Agrotech Q2 FY27 results?

Ans. Consolidated revenue from operations was Rs 45.25 crore against Rs 5.01 crore a year earlier, and net profit was Rs 10.21 crore against Rs 0.21 crore. Compared with the June quarter, revenue rose about 19.6% and profit about 6.9%. The jump is large because the base was tiny, and the filings do not give a segment-wise revenue split.

Is the SC Agrotech stock expensive after the rally?

Ans. At about Rs 62 the stock trades at roughly 19.7 times trailing earnings against an industry multiple of about 56.7, and at 3.28 times book value. Return on equity is 16.6% and debt to equity is 0.07. The trailing earnings per share of Rs 3.01 does not yet capture the full September quarter profit, so the multiple can look different once more quarters are in.

What are the main risks in the SC Agrotech stock?

Ans. The company's operating cash flow was negative by Rs 107.27 crore in FY26 as working capital expanded, the shareholding is entirely public with no promoter category, and the business is small, with a market value near Rs 475 crore. Earnings are new and unproven over several quarters, and the new subsidiaries in agri-technology, mining and healthcare have not started operating.

Should I buy, sell or hold SC Agrotech shares?

Ans. Univest does not give buy or sell calls. A split and bonus change the share count and not the value of the business, so the case rests on whether recent profit repeats and whether cash flow turns positive. Decide your position size, set a review date after the EGM and the next quarterly result, and avoid relying on a single circuit day.