1,066% Return In 5 Yrs Dividend Stock Declares 1:1 Bonus Shares: Do You Own?

Small-cap firm Krishana Phoschem operates in the fertiliser industry and is listed on the NSE. The firm was founded in 2004 and works largely in the state of Madhya Pradesh, where it manufactures fertilisers, intermediate dyes, and other related chemical products. The stock has announced bonus shares in a 1:1 ratio despite having recommended a final dividend of 5%, or Rs. 0.50 per equity share with a face value of Rs. 10 each, for FY23.

"The Board considered and recommended a bonus issue in the ratio of 1:1 i.e., 1 equity share for every 1 equity share held, subject to approval by the shareholders and any other applicable statutory and regulatory approvals. Further, the bonus shares will be credited to those shareholders who are holding the equity shares as on a record date to be determined by the Board, said Krishana Phoschem in a stock exchange filing on Thursday.

3,09,13,800 equity shares of Rs. 10/- each amounting to Rs. 30,91,38,000 are the total number of securities proposed to be issued or total amount for which the securities will be issued via bonus shares.

Apart from the bonus share announcement, Krishana Phoschem has also declared record date for above said final dividend. "We would like to inform you that Pursuant to regulation 42 of SEBI (Listing obligation and disclosure requirement) Regulation, 2015 company has fixed 21st September 2023 as the record date for the purpose of the ascertaining the member eligible for e-voting at 19 th Annual General Meeting and Final Dividend if declared, for the financial year ended March 31, 2023," said Krishana Phoschem in a regulatory filing.

The company's net sales in the June 2023 quarter jumped by 149.89% to Rs. 165.36 crore from Rs. 66.17 crore in the June 2022 quarter. Its net profit improved to Rs. 11.88 crore in the first quarter of FY24, up 94.83% from Rs. 6.10 crore in the same quarter of FY23, and its EBITDA is Rs. 33.37 crore in Q1FY24, up 232.7% from Rs. 10.03 crore in Q1FY23. From Rs. 2.06 in June 2022 to Rs. 3.84 in June 2023, Krishana Phosch's EPS has gone up.

On Friday, the shares of Krishana Phoschem opened on the NSE at Rs 424.50 apiece and while writing this copy the stock was trading at Rs 432.60 up by 2.17% from the previous close of Rs 423.40. The stock made a 52-week-high of Rs 559.40 on (02-Mar-2023) and a 52-week-low of Rs 312.35 on (05-Sep-2022). The stock price jumped from Rs 37.20 to the current market price during the last five years, resulting in a multibagger return of 1,065.99%, and from Rs 58.50 to the current market price over the past three years, resulting in a multibagger return of 639%. The stock has surged up 33.58% over the past year, but has fallen 1.04% so far in 2023 on a YTD basis. During Q1FY24, the company recorded promoters shareholding of 65.46% and public stake of 34.54%