Small-cap agrochemical stock, Bhagiradha Chemicals & Industries will be in focus this week as it will turn ex-split in the ratio of 1:10. Bhagiradha Chemicals is a multi-bagger stock and its face value of Rs 10 each will be sub-divided into ten smaller shares having a face value of 1 each. The stock split will be effective in less than five days from now.
Bhagiradha Chemicals & Industries Share Price:
On BSE, Bhagiradha's stock price stood at Rs 1925.60 apiece, up by 0.47% with a market cap of Rs 2,003.68 crore last week on Friday. In the trading week that ended on April 26, the stock was positive. YTD, the stock has reported gains of nearly 29% on BSE.
In a year, the stock is up by 38%, while in 5 years, the stock has rallied by 350%.
The stock's all-time gain is a massive 27,213.38%. The stock was just around Rs 7.10 levels on July 12, 2002.
Among the key fundamentals of the stocks as per Trendlyne data are:
- Stock Price rose 37.5% and outperformed its sector by 12% in the past year.
- Debt to Equity Ratio of 0.16 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Promoter Share Holding stayed the same in the most recent quarter at 23.52%.
- Promoter Pledges are zero.
- Price to Earning Ratio is 98.34, higher than its sector PE ratio of 51.79.
- Return on Equity(ROE) for the last financial year was 14.41%, in the normal range of 10% to 20%.
- Interest Coverage Ratio is 15.74, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
Bhagiradha Chemicals & Industries Stock Split:
Bhagiradha has fixed Thursday, May 2, 2024, as the record date for sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having a face value of Rs. 10/- (Rupees 10 only) each, fully paid-up, be sub-divided/split into 10 (Ten) equity shares having a face value of Re.1 /- (Rupee One Only) each, fully paid- up, ranking pari- passu in all respects.
Accordingly, the stock split ratio is at 1:10.
Due to the stock split, the BSE circular said that the new ISIN number given above, for Equity Shares of Re.1/- each of the Company shall be effective for trades done on and from the Ex-Date i.e. May 2, 2024.
Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.
About Bhagiradha Chemicals & Industries Limited:
Bhagiradha Chemicals & Industries Limited (BCIL) is a professionally organized public limited company based in Hyderabad, India and dedicated to the manufacture of high-quality pesticides.
The company's manufacturing unit is located near the eastern coastal town of Ongole, 300 km north of Chennai. It has an annual capacity of 3250 Tonnes for the manufacture of various technical-grade insecticides, herbicides and fungicides. Liquid formulations as well as powder formulations are made using their technical grade pesticides conforming to international standards.
The Company has significant export sales and has exported its products to more than a dozen countries over the years including the U S A, Brazil, the UK, Portugal, Australia, South Africa, China, Germany, Malaysia and Belgium.
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