700 per cent returns in this multibagger stock; Board announced bonus shares and dividend!

700 per cent returns in this multibagger stock; Board announced bonus shares and dividend!

Kiran Shroff

The stock delivered multibagger returns of 37,750 per cent to investors within a span of just 1 decade.

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 over Rs 2,700 crore with a 3-year CAGR of 100 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.

DSIJ offers a service 'Tiny Treasure' with recommendations for Small-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here

On Wednesday, shares of Sadhana Nitro Chem gained 2.14 per cent to Rs 136.25 per share with an intraday high of Rs 137.45 and an intraday low of Rs 134.80. 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 37,750 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 273 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.

Previous Article In conversation with Aalok Patil, Joint MD of Arman Financial Services
Next Article This small-cap multibagger company partners with Mahindra Finance to boost digital transformation of its lending services!
Rate this article:
4.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR