This Chemical Stock Will Go Ex-Dividend For 25/Share Dividend On May 2

Ex-dividend is the date on which the stock adjusts for the dividend announcement. Likewise, Foseco India which announced final dividend amounting to Rs. 25 per share will go ex-dividend on May 2, 2022.

About Foseco India

This is a small cap chemicals company primarily into manufacturing foundry chemicals and fluxes. The Company's product technology includes coating, metal filtration, feeding systems, flow control, metal treatment, binders and crucibles.

Dividend -related details

For the dividend eligibility the company has fixed May 5, 2022 as the record date i.e. basis which it shall determine shareholders eligibility for the said dividend. Note the company has declared the dividend for the financial year ended December 31, 2021.

Dividend payment date:

"The final dividend, if declared at the AGM, shall be paid/credited on or before Thursday, 9 June 2022 as under, to those Members of the Company", said the company's filing with the exchange.

Financials of Foseco India and fundamentals

In the December ended quarter and financial year 2021, the company revenue as well as net profit increased YoY to Rs. 87.46 crore and Rs.8.11 crore, respectively. The company looks a fairly undervalued scrip with TTM PE at 29.09 as against sector PE of 45.68. Also, its a net debt free entity-another positive of the concern. The company's peers include the likes of Vinati Organics, Aarti Industries, Gujarat Fluoro, Atul.

Disclaimer:

The above stock is mentioned for its final dividend and is not a recommendation to buy for the same.