Specialty Chemicals Co To Consider Dividend On March 6, Record Date Is March 15

Small cap company operating in the specialty chemicals industry informed today about its upcoming meeting of Board of Directors to consider interim dividend. The meeting to mull interim dividend is scheduled to take place on March 6, 2024 and record date has been fixed as March 15, 2024, if declared.

Last trading price of India Gelatine & Chemicals Ltd shares on BSE is Rs 390.00 apiece with intraday gain of 4.32% at the time of writing the story. Check details below:

India Gelatine To Consider Interim Dividend On March 6: As per the regulatory filing of the company dated February 29, 2024, "In compliance with Regulation 29 of SEBI (LODR) Regulations, 2015, we wish to inform you that the meeting of Board of Directors of the Company is scheduled to be held on Wednesday, March 06, 2024 at 11:00 A.M. inter-alia to consider and approve declaration of Interim Dividend, if any, for the financial year 2023-24. Please note that the Record date for the purpose of entitlement of the equity shareholders for the said Dividend, if declared, is being fixed as Friday, March 15, 2024."

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 276.60 crore. India Gelatine shares gained 7% year-to-date (YTD), jumped 14% in last 3-months, soared 61% in last 1-year, and offered return of 238% in last 2-years. India Gelatine shares surged 310% in last 3-years and rallied 328% 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.

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