Small Cap Stock With Over 400% Return In 3 Yrs Fixes Record Date For Final Dividend

Industrial Sector Small cap company Apollo Pipes Ltd. has fixed Saturday, Sept 16, 2023, as the record date for a final dividend of Rs 0.60 per share. The Board of Directors of the company in a meeting held on Friday, May 08, 2023, recommended a final dividend of Rs 0.60 per equity share face value of Rs 10 each.

The recommended dividend is subject to approval by the Shareholders of the company at the Annual General Meeting (AGM). The AGM is scheduled to be held on Saturday, September 23, 2023, the company said.

"the Company has fixed Saturday, September 16, 2023 as the Record Date for determining entitlement of Members to final dividend for the financial year ended March 31, 2023. The dividend, if declared at the Annual General Meeting, will be paid after September 23, 2023, to the Members whose names are recorded in the Company's Register of Members or as Beneficial Owners in the records of the Depositories on Saturday, September 16, 2023 or to their mandates," the company's Board said in a filing.

The shares of Apollo Pipes on Tuesday closed 0.15% higher at Rs 692.10 per share on the BSE. It hit an intraday highs and lows of Rs 701.05 and Rs 681.10, respectively.

The stock declined 1.06% in 1 week and 4.20% in 1 month, respectively. It gained 42.26% in 6 months. It has given 33.69% in 1 year. In 3 and 5 years, it has given 413.81% and 292.99% positive returns, respectively.

The stock hit 52-week high on July 25, 2023, at Rs 787.10 per share and 52-week low on Aug 29, 2022, at Rs 424.15 per share. The market cap of Apollo Pipes is Rs 2,721.91 Crore.

Apollo Pipes is engaged in the manufacturing and trading of cPVC, uPVC, and HDPE pipes, PVC taps, fittings, water storage tanks and solvent, etc. The company is among the top 10 leading piping solution providing companies in India. The products cater to an array of industrial applications such as Agriculture, Water Management, Construction, Infrastructure, and Telecom ducting segments.
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