Bonus Issue Meet On Feb 26: Chemicals Stock Gains 193% In 2-Yrs, Q3 EBITDA Surges 22.19%

Small cap company from the diversified sector, Grauer & Weil (India) Ltd shares settled with the decline of 1.60% to 163.30 apiece on BSE. The company informed today via its BSE filing about the upcoming meeting of Board of Directors to consider issuance of bonus shares. Grauer shares soared 73% in last 1 year. Check details below:

Grauer To Consider Bonus Share On Feb 26, 2024: As per the BSE filing of the company dated Feb 21, 2024, "With reference to above and as required under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, February 26, 2024, interalia to consider Issue of Bonus Shares to the shareholders of the Company."

Grauer Shares Performance & Return: The 52-week high price of Grauer shares on BSE is Rs 192.50 apiece and 52-week low price is Rs 88.85 apiece, respectively. The company has a market capitalisation of Rs 3702.10 crore. Grauer shares declined 10.98% in last 2-weeks and soared 36% in last 3-months. In last 2-years, Grauer shares gained 193% and soared 280% in last 3-years.

Grauer Quarterly Results: The company for the quarter ended December 31, 2023 declared a jump of 24.13% in its net profit to Rs 42.75 crore as compared to Rs 34.44 crore in the corresponding quarter of last year. Its net sales for the December 2023 quarter announced at Rs 285.03 crore, up 13.61% from Rs 250.89 crore in December 2022. The company's EBITDA zoomed 22.19% to Rs 63.92 crore, up 22.19% as against Rs 52.31 crore in December 2022. EPS of the company surged to Rs 1.89 for December 2023 quarter from Rs 1.52 in December 2022.

About: Grauer & Weil (India) Ltd. or Growel is a formidable player in the field of Electroplating & Specialty Chemicals and Engineering equipment. It has over 66 years of experience as a manufacturer of Chain Oil, Coolant Oil, Wire Drawing Oil, Gear Oil, Hydraulic Oil and many other products. Growel stepped into real estate development in 2005 and has developed a 475000 square feet Shopping Centre in the Western Suburbs of Mumbai. In 2007, it started manufacturing Protective Coatings & Industrial Lubricants and has become a One-Stop Solution Provider for the protection of various types of substrates across various industrial segments, according to its official website.

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