This Multibagger Small Cap Stock Fixes Record Date For 450% Final Divided; Details Inside

Excel Industries Limited is a small cap Speciality Chemicals company with a market capitalization of Rs 1,744.56 crore. The company has declared a final dividend for the Year ending 2022-22. The stock of the company shall soon trade ex-dividend. Excel Industries' key revenue segments include Agro Chemicals Intermediates, Processing Charges, Sale of services, Export Incentives and Scrap.

450% Final Dividend

In the board meeting of the company held on 27th May 2022, the board of directors declared a final dividend of Rs 22.50 per equity share i.e. 450 per cent having a face value of Rs 5 each for the financial year ending March 31, 2022, according to the regulatory filing of the Excel Industries.

The declared dividend will trade ex-dividend coming week on 15th September 2022. The company also announced the record date for the same. The record date is 16th September 2022.

On May 27, 2022, Excell Industries Limited in its regulatory filing to NSE & BSE, said, "the Board has recommended a dividend of Rs. 22.50/- (450%) per equity share of the face value of Rs. 5 /- each for the FY 2021-22, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company."

The board added, "The dividend will be paid within 30 days of its declaration by shareholders at the AGM. The date of AGM will be informed in due course."

Dividend History

The company has a strong track record of paying out dividends, and in the last 21 years, 22 dividends have been declared. It has a solid track record of paying out dividends and has declared consistent payouts since August 2001. It has declared 20 final dividends, and 2 interim dividends over the past 21 years. In August 2001, the company paid its first dividend. Last year, the company gave a 225% final dividend of Rs 11,25 per equity share.

Stock Outlook

Wednesday, 07 September 2022, the stock of the company closed at Rs 1,387.80 apiece on NSE after gaining 0.26% from its previous close.

The 52-week low level of the stock is Rs 820.85 apiece recorded on 29 November 2021 and the 52-week high level of the stock is Rs 1,818.90 recorded on 16 March 2022, respectively.

The ROE is 14.02%. The Dividend yield is 1.62% and the face value is Rs 5.

Returns Outlook

In the past 1 week, the share price of the company has fallen 4.67%. Whereas in the past 1 month, it gained 3.36%, and in the past 3 months it gained 6%, respectively. Over the past 1 year, the share price surged by 29.13%. It gave 63.47% in the past 3 years. In the past 5 years, it gave a 216.45% multibagger return.

About - Excel Industries Limited

Excel Industries Ltd. is one of India's first domestic chemical manufacturers. The company is a pioneer in indigenous chemical technology and sustainable waste management. Innovation has always been a key driving force at Excel.
The company is committed to growth that is sensitive to the needs of the environment, community and nation. Taking proactive steps in helping curb urban pollution the company has ventured into the Environmental and Biotechnology sectors where they have developed novel solutions for Waste Management.
Excel is one of India's premier manufacturers of Specialty Polymer Additives and high-quality Veterinary APIs. Also, the company is all set to apply its chemical process know-how in the Pharmaceutical Intermediates industry while continuing its leadership position in agrochemical intermediates and phosphorous derivatives.

 

Disclaimer

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