Multibagger Chemical Stock Fixes Record Date For Rs. 7.50 Dividend, Total Income Up 15%

Large-cap stock Atul Ltd. operating in the chemical industry recently announced a special interim dividend of Rs. 7.50/ share and fixed the record date on November 3, 2022. The company has recently reported a 13% YoY growth in its standalone net profit. The stock is now available at around Rs. 8,209 a piece, as last traded on October 25.

The company has said in a stock exchange filing that "The Board of Directors of the Company has approved and declared special interim dividend of Rs. 7.50/- (Rupees seven and fifty paise) per equity share to commemorate the 75th anniversary of incorporation of the Company. Further, pursuant to the Regulation 42 of SEBI LODR, November 03, 2022 has been fixed as record date for ascertaining the eligibility of the shareholders to receive special interim dividend. The date for payment of interim dividend will be on or after November 09, 2022."

Atul Ltd - stock performance

In the last 1 year its share price has fallen by 15.15%, and in the last 5 years its share price surged by 247.15%, making it a multibagger stock.

The 52-week high level of this stock is Rs. 10,856.80, and the 52-week low level of this stock is Rs. 7,750. This large-cap company has a market capitalization of Rs. 24,204 crore.

According to the company report, its standalone net profit increased to Rs. 168.30 crore in Q2FY23 compared to Rs. 148.82 crore in Q2FY22, with a 13% YoY growth. Its total income stood at Rs. 1,427.29 crore in Q2FY23 compared to Rs. 1,241.22 crore in Q2FY22 representing a 15% YoY growth. The company's total expense was reported to be at Rs. 1,207.54 crore in Q2FY23 compared to Rs. 1,043.72 crore in Q2FY22 representing a 15.69% YoY growth. Atul Ltd. reported a profit before tax (PBT) of Rs. 219.75 crore in Q2FY23 compared to Rs. 197.50 crore in Q2FY22 representing an 11.26% YoY growth.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates recent stock-related information about the companies.