530% Interim Dividend; Record Date - Nov 27; SmallCap Stock In Focus, Q2 Net Profit Jumps 113%

Multibase India Ltd., a small-cap stock listed on the Bombay Stock Exchange (BSE), has made headlines with its latest dividend announcement, declaring an impressive interim dividend of 530% based on a face value of Rs. 10 per share for the financial year 2024-25. This comes to a generous Rs. 53 per share, which is a great return for investors, particularly those who invested in this small-cap stock. The dividend announcement is likely to attract positive market sentiment, making the shares attractive for both current shareholders and potential investors. Dividend payouts, especially of this large amount, are often perceived as a company's strong financial growth and profitability in the market.

Record Date and Payout Details

The record date for determining the eligibility of shareholders to receive the interim dividend has been set as Wednesday, November 27, 2024. Shareholders holding the stock as of this date will be eligible to receive the dividend payout. The interim dividend will be credited or dispatched to the eligible shareholders on or before December 12, 2024, the company stated in the exchange filing.

Current Share Price Performance:

Multibase India Ltd. has delivered impressive returns for its investors and shareholders this year. Looking at the stock's performance, the company's shares have surged by 40.87% year-to-date. Over the past six months, the stock has continued to generate a return of 10.73% despite market volatility.

As of November 14, the stock price stands at Rs.328.30 with an almost 20% increase compared to the previous day's closing price. However, the stocks are trading relatively flat today, with no major movement in prices. Ever since its initial listing on the stock exchange in 1999, Multibase India Ltd. has registered exponential growth, with its share price growing by a massive 3,355.79% to date.

Strong Financials in Q2

For the quarter ending September 2024, Multibase India Ltd. has posted impressive financial results. As reported by Business Standard, the company's net profit surged by a remarkable 113.43%, reaching Rs. 4.29 crore, compared to Rs. 2.01 crore reported in the same quarter last year (September 2023). Huge growth in revenue was also seen with sales climbing 13.28% to Rs. 18.42 crore compared to 16.26 crore sales in the same quarter the previous year.

About Multibase India Ltd

Multibase India Limited is a BSE-listed company that was incorporated in 1991 as Synergy Polymers Ltd. . The company deals in the manufacturing of thermoplastic and silicone-based products to cater to sectors such as automotive, building, and construction. They also have a global foothold and offer more than 20 products. As mentioned on the company website, 75% of the shares of the company at present are held by Multibase S.A.