Parekh Group Company, Paying 1000% Dividend, Will Turn Ex-Dividend In 2 Days

Vinyl Chemicals (India) Ltd came into existence in 1986 and is an integral part of Parekh Group. It is engaged in the selling several specialty chemicals to textile, paints, and adhesive sectors. Vinyl Acetate Monomer also known as VAM was manufactured in the plant situated at Mahad in Raigad District, Maharashtra, and was sold all across the globe. The company had a major share of business of this product in India.

In December, 2007 the plant was de-merged to resultant parent company Pidilite Industries for strategic reasons. The company has declared 500% final dividend and 500% special dividend earlier this year and now it is going ex-dividend in just 2 days. Check the details below:

1. Vinyl Chemicals To Pay 500% Final Dividend And 500% Special Dividend

The board of directors held a meeting dated May 16, 2022 and stated in their BSE filing, "Out of Current Year's profit, the Board recommended payment of Total Dividend of Rs. 10 per equity share of Re.1 comprising of Normal Dividend of Rs. 5 per equity share (previous year Rs. 3.75 per equity share) and a Special Dividend of Rs. 5 per equity share aggregating to Rs. 18,33,71,110 (Previous Year Rs. 6,87,64,166) on 1,83,37,111 equity share of Re.1 each."

Ex-Dividend Date: The ex-dividend date is 29/07/2022.

2. Vinyl Chemicals Stock Outlook

The current market price of the stock is Rs 361 apiece with a gain of 5.61% at the close of today's trading (27/07/2022). The 52-week high of the stock is Rs 368 apiece and 52-week low is Rs 148 apiece. It is a company with strong financials. The TTM PE is 19.06 while sector PE is 29. The TTM EPS is 19.

Multibagger Returns: The stock has given multibagger returns. It has given a return of 135% in 1 year, 429% in 3 years, and 369% in 5 years.

3. Vinyl Chemicals Dividend History

It has a great dividend history and regularly declared dividend in the last 5 years. It has a dividend yield of 2.76%. It has declared an equity dividend of 1000% or Rs 10 per share for the year ending March 2022.

4. About Vinyl Chemicals

The company has a strong presence in the field of trading of various speciality chemicals all across the globe. Formed in 1986 as a public limited company Vinyl Chemicals (I) manufactures vinyl acetate monomers (VAM). It was promoted by the Parekh group -a renowned group which produces and sells the Fevicol brand of adhesives synthetic resins binders surfactants pigments etc. It has a market capitalization of Rs 664 crore.