Multibagger Chemicals Sector Stock Declares Stock Split, Record Date To Be Intimated Soon

Vishnu Chemicals Ltd has declared stock split in the ratio of 1:5 on Monday. The Chemicals sector company manufactures vast types of chemicals. Its products include Sodium Dichromate, Potassium Dichromate, Basic Chromium Sulphate and Yellow Sodium Sulphate, Chromic Acid, White Sodium Sulphate, Saccharin and Sodium Saccharin, among others.

The small-cap company, incorporated in 1993, has a market capitalisation of Rs 2269 crore as of writing the story. Check key takeaways below:

1. Board Of Vishnu Chemicals Ltd Approves Stock Split

The board of directors of Vishnu Chemicals in the regulatory filing stated, "Approved the Sub-Division/ Split of 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) fully paid up into 5 (Five) Equity Shares of Rs. 2/- (Rupees Two Only) each fully paid up, subject to the approval of the Members of the Company and regulatory/statutory approvals as maybe required. The record date for the sub-division of equity shares shall be decided by the Board and will be intimated to the exchanges."

The board will intimate the record date soon.

2. Vishnu Chemicals Ltd Stock Performance

The last trading price of Vishnu Chemicals is Rs 1899 apiece with 52-week high at Rs 2147 and 52-week low at Rs 769 apiece, respectively.

3. Vishnu Chemicals Ltd Return

The stock has given multibagger returns to shareholders with 5-years return at 368%, 3-years return at 1277%, and 1-year return at 146%. In the last 6-months, the stock has surged 18% and in last 3 months, the return is 25%.

4. Vishnu Chemicals Ltd Quarterly Results

The company has declared a consolidated total income of Rs 361 crore, up nearly 7% from last quarter total income of Rs 335 crore. It declared a net profit after tax at Rs 34 crore in the recent quarter.

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