Multibagger Specialty Chemical Stock To Watch Next Week For 1:10 Bonus Shares, Gains 500% From 52-Week-Low

Ddev Plastiks Industries is a small cap specialty chemicals company. It is one of the multibagger stocks that Dalal Street has delivered in 1 year. In addition to being a multibagger stock only in terms of returns, the stock is worth keeping an eye on the next week in order to benefit from 1:10 bonus shares. The corporation has set June 30, 2023 as the record date for determining a shareholder's eligibility for the issuing of such bonus shares.

"This is to inform you that the shareholders of the Company have, vide Postal Ballot, approved the allotment of Bonus Shares in the ratio 1:10 i.e. 1 (One) Bonus Equity Share of Re. 1/- (Rupee One only) each of the Company for every 10 (Ten) Fully paid up Equity Shares of Re. 1/- (Rupee One only) each held by the shareholder on the record date, result whereof has been submitted with the Stock Exchange on 19.06.2023. Further in this regard the Board of Directors have also fixed the Record date of 30th June, 2023 for ascertaining the eligibility of shareholder in respect to issuance of such bonus shares, intimation whereof has been submitted to the Stock Exchange," said Ddev Plastiks Industries in a stock exchange filing.

The company recorded a net income of Rs 676.13 Cr in the quarter ended March 2023 up by 7.39% YoY from Rs 629.59 Cr during the March 2022 quarter. During Q4FY23 the company reported a net profit of Rs 48.28 Cr, up by 167.52% YoY from Rs 18.04 Cr in Q4FY22. The EPS of Ddev Plastiks Industries reached Rs 5.13 up by 167.19% from Rs 1.92 recorded in the corresponding quarter of FY22.
The company has reported a total income of Rs.2529.53 Cr during the financial year ended March 31, 2023, as compared to Rs.2249.23 Cr during the FY ended March 31, 2022, up by 12.46% YoY. Its net profit stood at Rs 104.09 Cr during 12MFY23 up by 90.02% from Rs 54.78 Cr in 12MFY22.

The shares of Ddev Plastiks Industries opened today on the BSE at Rs 200.10 and were last seen trading at Rs 206.50 while writing this copy. The stock made a 52-week-high of Rs 228.00 on (22/06/2023) and a 52-week-low of Rs 34.30 on (03/08/2022), indicating that at the current market price, the stock is trading 9.42% below the 1-year high and 502.04% above the 1 year low.

The stock price climbed from Rs 38.55 to the current market price during the past five years, resulting in a multibagger return of 432.56%. The stock price jumped from Rs 39.25 to the current market price over the past three years, resulting in a multibagger return of 413.25%. The stock price soared from Rs 41.85 to the current market price over the past year, resulting in a multibagger return of 390.56%. The stock price went up from Rs 82.55 to the current market price on a year-to-date basis, representing a multibagger return of 148.70% so far in 2023.

During Q4FY23, the company reported promoters' shareholding of 74.84% and a public stake of 25.16%.