36,700 per cent returns in this multibagger stock; Board announced bonus shares and dividend!
The stock gave 250 per cent returns in 2 years and over 700 per cent in just 3 years.
Sadhana Nitro Chem Ltd informed that The Board has approved the proposal for issuance of bonus shares in proportion of 2 bonus equity shares for every 9 equity shares of the face value of Rs 1 each held by the shareholders of the company as of record date, subject to the approval of shareholders by postal ballot. The company verified the record date for bonus shares Tuesday, June 27, 2023.
Additionally, the company have recommended a final dividend of 15 per cent or Rs. 0.15 per equity share of the face value of Rs 1 each for the financial year 2022-23.
According to the financials, the company has a market cap of Rs 2,698.55 crore with a 3-year CAGR of 104 per cent. The net sales increased by 20.94 per cent, operating profit increased by 122.39 per cent and the net profit skyrocketed by 176.56 per cent in Q4FY23 over Q4FY22. The net sales increased by 8.81 per cent in FY23 compared to FY22.
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On Friday, shares of Sadhana Nitro Chem plunged 1.07 per cent to Rs 133.50 per share with an intraday high of Rs 136.40 and an intraday low of Rs 132. The stock has a 52-week high of Rs 174.45 and a 52-week low of Rs 102. The stock delivered multibagger returns of 36,700 per cent to investors within a span of just 1 decade.
Sadhana Nitro Chem Ltd is engaged in the manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals and wireless network equipment and services.
The stock gave 250 per cent returns in 2 years and over 700 per cent in just 3 years. Investors should keep an eye on this small-cap chemical company under the radar.