Small-Cap Multibagger Chemical Stock Fixes Record Date For Bonus Issue: Details Here

Jyoti Resins & Adhesives Ltd operates in the chemical sector. It manufactures and markets adhesives and paints products. Its list of products includes maleic resins, paints and alkyd resins, among others. The company has a market capitalization of Rs 1304 crore. The company has submitted the revised intimation of record date of bonus shares. Check key takeaways below:

What is bonus share?

These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares.

Jyoti Resins & Adhesives To Soon Issue Bonus Share

The small-cap company's board of directors in their regulatory filing said, "We are submitting the revised intimation of record date of bonus shares, due to some clerical error in the previous intimation submitted. Pursuant to Regulation 42 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations 2015, the company has fixed Friday 09th September, 2022 as the Record Date for the purpose of ascertaining the eligibility of shareholders entitled for issue of Bonus Equity Shares of the company in the proportion of (Two) Equity Share of Rs.10/- each for every (One) Equity shares of Rs.10/- each."

Jyoti Resins & Adhesives Stock Outlook

The current market price of the stock is Rs 3260 apiece. Today the stock has fallen 2.69% in trading till afternoon trading.

Jyoti Resins & Adhesives Return In Last 5 Years

The stock has given a return of 2595% in last 5 years, 2013% return in 3 years, 327% return in 1 year, and 7% in 1 month.

Jyoti Resins & Adhesives 52-Week High/Low

The 52-week high of the stock is Rs 3520 apiece and 52-week low is Rs 743 apiece.

Jyoti Resins & Adhesives Net Profit As On June 2022

The company has registered a quarterly net profit at Rs. 9.07 crore in June 2022, up 150.85% from Rs. 3.62 crore announced in June 2021.

Jyoti Resins & Adhesives EBITDA As On June 2022

The company announced its EBITDA at Rs. 11.09 crore in June 2022, up 131.52% from Rs. 4.79 crore announced in June 2021.

Jyoti Resins & Adhesives Net Sales As On June 2022

It declared its net sales at Rs 63.91 crore in June 2022, higher 136.65% from Rs. 27.01 crore announced in June 2021.

Jyoti Resins & Adhesives About

The small cap company came into existence in 1993. The key products segments include wood adhesives for the year ending 31-Mar-2022.