Vesuvius India Executes First-Ever 1:10 Stock Split After Rs. 14.50 Dividend; Stock Near 52-Week High

Speciality refractories manufacturer Vesuvius India Ltd. completed its first-ever 1:10 stock split on Tuesday, June 10th. The record date for this corporate action was set today. The announcement, originally made on February 26, 2025, confirmed the subdivision of every one equity share of face value Rs. 10 into ten equity shares of Rs. 1 each.

"The board approved the split to encourage wider participation and enhance the liquidity of the company's shares," Vesuvius India had said in a filing.

Vesuvius India Share Performance

On the Bombay Stock Exchange (BSE), shares of Vesuvius India traded actively on Tuesday, closing at Rs. 617 with 4.58% gains from the previous session. The stock is currently standing close to its 52-week high of Rs. 646, with the low at Rs. 356.10 over the same period.

Additionally, the shares of Vesuvius India underwent a sharp price adjustment today, opening at Rs. 598 apiece on a post-1:10 split basis, compared to Monday's closing price of Rs. 5,899.5. Despite the split, the stock remains a strong performer, delivering a 20% return in the past month, 12% over six months, and 10% in the past year. Over the long term, it has surged an impressive 592% in five years.

Record Date and Eligibility

Today was the record date for the 1:10 stock split of the company. According to its May 8 exchange filing, "...fixed Tuesday, June 10, 2025, as the Record Date, for the purpose of determining the eligibility of shareholders for the sub-division/split," the company said.

Vesuvius India's Q4 CY24 Performance

Vesuvius India announced good financial results for the fourth quarter of calendar year 2024 (Q4 CY24) on Wednesday, February 26, 2025. The company reported a standalone net profit of Rs 59.93 crore, with a 5.01% increase compared to the same period in the previous year. Furthermore, net sales experienced significant growth, rising by 22.83% year-on-year (YoY) to reach Rs 507.49 crore.
Accompanying these positive results, the company also declared a dividend of Rs 14.5 per share for its shareholders. The record date for this dividend was set for May 1st. The Vesuvius India 1:10 stock split was announced along with the dividend.