Shares of OK Play India Ltd were locked at 5% upper circuit on 11 January after the company’s board announced a stock split this month.

In its regulatory filing, the company said that its board of directors considered and approved a stock split that was fixed on 30 January 2024.

The company operates in three business verticals, from which the company earns 76.3% of the revenue from auto components, followed by toys, which contribute 22% of the revenue, while the remaining 1.7% of its revenue comes from the EV segment.

The company has a majority market share in the plastic fuel tank industry and is a single-source supplier for Ashok Leyland.

Furthermore, in the toy segment, the company partnered up with MGA Entertainment, Kmart, and Hamleys and is also planning to diversify into modern rail, exports, and online.

OK, Play is also planning to invest Rs 100 crore in the toy space over the next 2 – 3 years.

The company was founded in 1988 and is engaged in the business of manufacturing plastic moulded products such as school furniture, infrastructure, toys, automotive products and others.

At 3:30 pm, the shares of OK Play India closed 4.97% higher at Rs 150.90 on NSE.