Double Bonanza! Small Cap Stock To Propose Dividend & 1st Ever Stock Split; Company Name?

A division of the Vesuvius Group Limited in the United Kingdom is Vesuvius India Limited. The Bombay and National Stock Exchanges both list the company's equity shares. The company was formed on September 6, 1991, and on July 1, 1994, commercial manufacturing began at its first unit in Kolkata. The firm now operates four factories: two in Visakhapatnam, one in Kolkata, and one in Mehsana, along with a production agreement in Salem. The largest continuous casting refractories manufacturer in the world, Vesuvius Group Ltd. (VGL), is the parent company of Vesuvius India (VIL), a fully owned subsidiary.

"Pursuant to Regulation 29(1) and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby give prior intimation that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, February 26, 2025, inter-alia, to: a) consider and approve the Audited Financial Results of the Company for the Financial Year ended on December 31, 2024. b) consider and recommend dividend on Equity Shares of the Company. c) consider the proposal of split/sub-division of Equity Shares of the Company in such manner as may be determined by the Board of Directors subject to approval of Members of the Company and such other regulatory approvals, as may be required. The Financial Year of our Company ends on December 31, every year," said Vesuvius India in a stock exchange filing.

The firm paid out dividends to its shareholders five times, totalling Rs 43 per share, during the previous four years, from 2020 to 2024. Although the firm hasn't issued bonus shares before, the Board of Vesuvius India plans to examine and propose the first stock split since the company's founding in an effort to draw in new investors and improve the liquidity of its equity shares.

On Friday, the shares of Vesuvius India ended 0.67% higher at Rs 3826.15 per share with a market cap of Rs 7,765.58 Cr. The stock reached a 52-week-high of Rs 6,000.00 on (21/05/2024) and a 52-week-low of Rs 3,016.95 on (14/03/2024).

As of February 21, 2025, 03:48 PM, Vesuvius India Ltd.'s most recent PE ratio is 29.68, and as of the same date, its most recent PB ratio is 0.17. ICICI Direct has given Vesuvius India Ltd. Share a "Buy" rating for the long run based on expert recommendations.