Rs 10/Share Dividend: Specialty Chemicals Stock Zooms 7.53% In 1-Week, How To Be Eligible?

Small cap company from the specialty chemicals industry, India Gelatine & Chemicals Ltd shares declined 1.95% in trade today despite announcement of interim dividend. The Board of Directors of India Gelatine today considered and approved an interim dividend of 100% (Rs 10 per fully paid up equity share of Rs 10/- each for the financial year 2023-24. India Gelatine shares gained 7.53% in last 1-week amid all the dividend buzz and soared 251% in last 2-years. Check details below:

India Gelatine Sets Record Date For Interim Dividend Of Rs 10/Share: As per the regulatory filing of the company dated March 6, 2024, "Further pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Friday, March 15, 2024 has been fixed as 'Record Date' to determine the list of eligible members for the payment of Interim Dividend. The interim dividend will be paid within stipulated timelines as prescribed under law."

How To Be Eligible For Dividend? If shareholders want to qualify for dividends, they should hold the stock in their respective demat account on the record date of the specific dividend issue. Shareholders must buy the stock at least a day before the record date to ensure delivery of the stocks in to demat account by the record date.

India Gelatine Shares Performance & Return: The 52-week high price of India Gelatine shares on BSE is Rs 439.70 apiece and 52-week low price is Rs 211.25 apiece, respectively. The company has a market capitalisation of Rs 285.11 crore. India Gelatine shares gained 10% year-to-date (YTD), gained 15% in last 3-months, declined over 2% in last 6-months, and jumped 57% in last 1-year span. India Gelatine shares gave return of 251% in last 2-years and soared 327% in last 3-years. The scrip gained 314% in last 5-years.

India Gelatine Financials: The company declared a marginal jump of 1.84% in its net profit for the quarter ended December 31, 2024 to Rs 7.81 crore as compared to Rs 7.67 crore in December 2022. The company announced its net sales at Rs 47.85 crore for the December 2023 quarter, down 15.14% as against Rs 56.39 crore declared in the corresponding quarter of last year. It EBITDA stood at Rs 10.12 crore for the quarter under review, down 11.85% as against Rs 11.48 crore in December 2022. India Gelatine EPS soared to Rs 11.01 in December 2023 from Rs 10.81 in December 2022.

India Gelatine About: It is engaged in industry of specialty chemicals. The Company operates in the business of manufacturing of Ossein, Di-Calcium Phosphate (DCP) and Gelatine. IGCL's superior product line is fit for consumption in halal and international markets, which has paved a way for export to USA, the EU, Japan, Korea, Middle eastern countries and Indonesia, amongst others.

Disclaimer:

The stock highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.