Dividend Stock: This Small Cap PSU Stock Up 198% In 3-Yrs Will Trade Ex-Dividend Today; Check Details

Shares of small Cap multibagger stock operating in the Fertilisers industry Rashtriya Chemicals and Fertilizers Limited (RCFL) will trade ex-dividend on Wednesday.

Rashtriya Chemicals and Fertilizers shares traded on new 52 Week High value of 163.00 on Tuesday. Prior to this, RCFL shares traded at a new 52-week high value of 157.65 on December 8, 2023. The stock closed 3.95% higher at Rs 159.40 per share on BSE on Tuesday. The company commands a market capitalization of Rs 8,793.91 crore.

Earlier, the RCF stock price traded at a new 52 Week High value of 155.35 and 154.70 on December 7 and December 6 respectively. In the last two years, returns from RCF shares have increased by 113.67%.

In the fourth quarter ended March 31 of the fiscal year 2023, Rashtriya Chemicals & Fertilizers Ltd declared a dividend of Rs 3.70 per equity share translating to a dividend yield of 3.46%.

The company had fixed Wednesday, December 13, 2023 as the 'Record Date' for determining entitlement of members to receive final dividend for the year ended March 31, 2023.

Last fiscal year ( FY 2022), the materials company distributed Rs 5.30 dividend for the full year.

According to the company's annual report shares last month, the Board had earlier approved payment of an interim dividend of Rs 1.60 per equity share of Rs 10/- each for the financial year 2022-23, at its meeting held on November 29, 2022 and same was paid on December 27, 2022.

"The total dividend for the financial year 2022-23 amounts to Rs 5.30 per equity share (Previous year Rs 3.85 per equity share), and would involve a total cash outflow of Rs 292.39 Crore consisting Rs 88.27 crore as interim dividend and Rs 204.12 crore as final dividend (Rs 137.92 Crore in the previous year)," said the report.

Rashtriya Chemicals and Fertilizers Limited Stock Price Performance:

RCF shares have gained 17.12% in the last one year, while the stock is up 20.48% in this year so far. The last two-years and 3-years returns from the stock are 113.67% and 197.67% respectively. In the last six months, the stock has gained 48.21%.

About Rashtriya Chemicals and Fertilizers Limited:

RCF is a leading fertilizer and chemical manufacturing company in India in the Public Sector. It was established on March 6, 1978 on the reorganization of the erstwhile Fertilizer Corporation of India Ltd. into five new companies. Fertilizer Corporation of India (FCI), Hindustan Fertilizer Corporation Limited (HFC), Projects & Development India Limited (PDIL), National Fertilizers Limited (NFL) and Rashtriya Chemicals & Fertilizers Limited (RCF). Presently the authorized share capital of RCF is Rs.800 Crore & paid-up capital of Rs. 551.69 Crore. The company has been accorded coveted "Miniratna" status in 1997.

Financial results of Rashtriya Chemicals and Fertilizers Limited:

In its Q2 results, i..e for the second quarter ended September 30, the company saw an 80.5% year-on-year (YoY) drop in net profit at Rs 51 crore compared to a net profit of Rs 261.9 crore in the corresponding period of fiscal year 2023. The company's revenue from operations declined 25.5% to Rs 4,155.2 crore in the second quarter of FY24 compared to Rs 5,576 crore in the corresponding period of FY23.

During this period, RCFL's EBITDA margin came out at 2.6% compared to 7.3% in the corresponding period in the prior fiscal year.