Multibagger Chemicals Sector Stock Declares Record Date To Pay 450% Dividend

Excel Industries Ltd has emerged as one of India's first domestic chemical manufacturers. It operates in the indigenous chemical technology and sustainable waste management. Since its inception in 1941, it has achieved hundreds of chemical process breakthroughs, steadily contributing to the enhancement of technology knowhow in the nation.

The company has a market capitalization of Rs 1,711.94 crore. The board of directors have fixed the record date on August 9, 2022 to pay dividend to its shareholders. Check key highlights below:

1. Excel Industries Ltd Fixes Record Date To Pay 450% Dividend

The board of directors of the company earlier on May 27, 2022 declared an equity dividend of 450% and stated in the BSE filing, "The Board has recommended a dividend of Rs. 22.50/- (450%) per equity share of the face value of Rs. 5 /- each for the FY 2021-22, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company."

Now the board of directors has declared the record date for the payment of dividend to shareholders. The company in its BSE filing said, "Dear Sir/Madam, This is to inform you that Friday, 16th September, 2022 has been fixed as the Record Date for the purpose of determining the shareholders of the Company who would be entitled for Final Dividend on Equity Share Capital of the Company for the Financial Year 2021-22, if declared by the Members at the ensuing 61st Annual General Meeting."

2. Excel Industries Ltd Stock Outlook

The current market price of the stock is Rs 1361 apiece on BSE. The stock has touched a 52-week high of Rs 1818 apiece and 52-week low of Rs 824. It is a company with strong financials. The stock has given return of 76% in 3-years, 238% in 5 years, and 23% in 1 year.

3. About Excel Industries Ltd

As a corporation, Excel Industries is committed to growth that is sensitive to the needs of the environment, community and nation. Taking proactive steps in helping curb urban pollution the company has ventured into the Environmental and Biotechnology sectors where it has developed novel solutions for Waste Management. Today, it is all set to embark on a new phase of meaningful growth. It is one of the India premier manufacturers of Specialty Polymer Additives and high-quality Veterinary APIs. It is also all set to apply its chemical process knowhow in the Pharmaceutical Intermediates industry while continuing its leadership position in agro chemical intermediates and phosphorous derivatives.