Capital Goods Stock: 1:10 Stock Split Incoming Soon, Record Date Set; What Key Levels Traders Need To Watch?

An Indian business called Vesuvius India Limited produces and sells a variety of refractory products, mostly for the foundry, steel, and glass sectors. Vesuvius India is part of the Vesuvius Group, a global giant in refractory products and solutions. Following the announcement of the record date for a 1:10 stock split by the Board of Directors of the small cap capital goods company, Vesuvius India's shares finished Friday's trading session on the BSE 0.89% down at Rs 4801.25 per share, with a market capitalization of Rs 9,744.66 Cr.

Vesuvius India Stock Split

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, we hereby inform you that the Board of Directors of the Company at its meeting held on May 8, 2025, has, inter alia, fixed Tuesday, June 10, 2025 as the Record Date, for the purpose of determining the eligibility of shareholders for the sub-division/split of 1 (one) Equity Share having Face Value of Rs. 10/- (Rupees Ten) each, fully paid-up, into 10 (Ten) Equity Shares having Face Value of Re. 1/- (Rupee One) each, fully paid-up," said Vesuvius India in a stock exchange filing.

The purpose behind the fixation of record date is "for determining the eligibility of Equity Shareholders to receive 10 equity shares of Re. 1/- each, fully paid-up, for 1 equity share of Rs.10/- each, fully paid-up, held by them as on the Record Date, upon subdivision/split, as approved by the shareholders of the Company," Vesuvius India informed stock exchanges.

Vesuvius India Q4 Results

In the quarter that ended in March 2025, Vesuvius India's net profit dropped 13.77% to Rs 59.31 crore from Rs 68.78 crore in the quarter that ended in March 2024. Compared to Q4FY24, when sales were Rs 453.09 crore, Q4FY25 saw a 6.15% growth to Rs 480.94 crore. EBITDA decreased 9.95% from Rs. 103.00 crore in the same quarter of the previous fiscal year to Rs. 92.75 crore in the current quarter.

Vesuvius India Share Price Target

"Vesuvius India stock price is bearish on the Daily charts with strong resistance at 4894. A Daily close below support of 4622 could lead to a target of 4408 in the near term," commented A R Ramachandran, independent research analyst.

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