yes, as per my understanding, you will have to pay Short term Capital gains tax on it.

In my opinion (I might be wrong) you received the bonus shares/dividends at a later point in time. imagine if you owned the stock from 2010, as you get dividends every year, you will get taxed for that based on the year of receipt. it does not mean that it long long-term holding so I will not charge you taxes (hypothetically) similarly, bonus shares, will treated based on the year of receipt.

Thus, if you received bonus shares or the company underwent a stock split, the holding period for these new shares starts from the date of the bonus or split allocation. If you sell them within 12 months, they will be subject to STCG tax, even if your original shares were held under the long-term category.

Every Part of an Engine Explained (in 15 minutes)

EMS Q1FY25 Concall Highlights:

Financial Performance:

• Consolidated net profit after tax increased by 63.12% year-on-year to Rs.37.16 crore.
• Revenue from operations grew by 49.58% year-on-year to Rs.206.28 crore.
• EBITDA improved significantly to Rs.52.53 crore, up 57.13% year-on-year.
• Standalone profit increased by 68.21% year-on-year to Rs.36.84 crore.
• Standalone revenue from operations grew by 80.62% year-on-year to Rs.203.72 crore.
• Standalone EBITDA grew by 66.58% year-on-year to Rs.51.79 crore.

Operational Performance:

• Secured three new projects in the last quarter of FY24: Vikas Nagar (over Rs.530 crore), Dehradun (Rs.141 crore), and Uttar Pradesh (around Rs.120 crore).
• Order book currently exceeds Rs.1800 crore of unexecuted work.
• Order pipeline is over Rs.4000 crore, with most results expected within 1-2 months.
• Company executes work in-house with separate design and execution teams and doesn’t subcontract.
• Operates on an asset-light model with no debt on the balance sheet.
• Maintains EBITDA margin of 24-26%.
• Order win rate is around 10-15%.
• Cash flow from operations negatively impacted by high retention money and 3-month payment cycle, but expected to improve in the future.
• Acquired a 75% stake in Bridge Bihari Pulp and Paper Private Limited for collateral purposes.
• Employee costs are around 2.5% compared to 8-10% for larger companies in the industry.
• Procurement is done on an advance payment basis, resulting in cost savings.

Future Outlook:

• Foresees continued growth in infrastructure development, particularly in water supply and sewerage.
• Expects a significant increase in water sector works from government entities.
• Aims to grow top-line by 30-35% year-on-year.
• Will focus on maintaining margins while exploring growth prospects in new sectors like building and road construction.

Concerns:

• Cash flow from operations has been negative for the past four years due to high retention money and long payment cycles.
• Order inflow has slowed down in recent months due to the recent elections.
• Transparency surrounding the Bridge Bihari acquisition raised questions from investors, prompting the company to promise further disclosures.

Other Important Points:

• Company considers itself an engineering company rather than just an EPC player.
• Company primarily focuses on the water sector but is open to exploring other infrastructure segments for growth.
• Company prioritizes maintaining margins over increasing order win rate.
• Company enjoys a strong reputation for timely project execution and avoiding cost overruns.

Some FII buying seen in the June Quarter, Unable to know the institution involved. Maybe due to the holding being less than 1%.