Agarwal Industrial Corporation is a smallcap company listed on BSE and NSE. This company is engaged in the business of petrochemicals and has give multi-fold returns in the long term. To be precisely, Agarwal Industrial shares become a multibagger with gains of whopping 892% in 5 years on BSE. The stock is going to be in focus ahead, especially in September where it will reward investors with dividends and stock split ratio of 1:5.
Agarwal Industrial Corporation Share Price:
Currently, Aggarwal share price is at Rs 1239.70 apiece, with market cap of Rs 1,854.32 crore. The stock's 52-week high and low is at Rs 1,335 apiece and Rs 770.95 apiece respectively.
The stock's price-to-equity ratio is at 37.40x, while return on equity is at 14.43%. YTD, the stock zoomed by 29%. In a year, the stock rallied by 35%. And in 5 years, the stock has skyrocketed by 892%.
Agarwal Industrial Corporation Dividend:
The company's board has announced a dividend of Rs 3 per share with face value of Rs 10 each for FY24. For this, the company will turn ex-dividend on September 6, 2024, which is also its record date to determine eligible shareholders.
This dividend payout comes in addition to dividend of Rs 2.50 per share delivered in September 2023 for the same fiscal.
In FY23 and FY22, the company delivered final dividend of Rs 2.50 per share and Rs 2 per share respectively.
Agarwal Industrial Corporation Stock Split:
Agarwal is set to carry its first ever stock split soon. The stock split ratio is in 1:5. As per the regulatory filing, the company will split one equity share having nominal value of Rs.10 (Rupees Ten) each fully paid up into Rs. 2.00 (Rupees Two) each fully paid up.
Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.
About Agarwal Industrial Corporation:
AICL is an Integrated Petrochemical Company focussed on Bitumen. It is market-leading position in Bitumen is built on a presence throughout the supply chain with its own logistical assets and infrastructure. AICL offers a comprehensive range of construction solutions and services by pursuing an integrated approach and applying effective practices to meet the requirements & exceed the expectations of its clients. Also, the company is integrated system enables us to deliver a wide range of products on time and in full compliance through efficient use of technology and manpower.
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