INEOS Styrolution India Limited 1050% Dividend Announcement: Check Details

In its board meeting outcome, the company announced and considered 2nd interim dividend of Rs. 105 or 1050% and the record date for the same has been fixed at June 7, 2022.

Dividend history details of the company

Earlier for the concluded fiscal year 2022, the company declared an interim dividend of Rs. 192 that was a special dividend announcement by the company.

So, considering the current share price of as much as Rs. 896, this translates to a dividend yield of 33%.

Company's Q4 results

The company's standalone revenue from operations has seen a decline by a tad on a YoY basis. Also, the net profit for the last ended quarter has inched higher QoQ substantially to Rs. 99.06 crore. There has been a decline in the figure on a YoY basis. The net profit in the Q4Fy21 period has been at Rs. 161.4 crore.

About the company

This is a small cap company from the petrochemicals space and is the leading, global styrenics supplier with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. The company's products caters to clients across industries such as household, toys etc. among others.