Dolly Khanna-backed Multibagger Company Announced 2:1 Stock Split; FIIs and DIIs Increased Stake in Q1 FY25!
The company’s shares have delivered an impressive return of over 190 per cent to its shareholders.
Incorporated in 1995, the company is in manufacturing lead metal, lead alloys, and other non-ferrous metals. As India's largest secondary lead manufacturer, POCL operates in the metallic and non-metallic recycling industry. Its core products, lead and lead alloys, are primarily used in lead-acid batteries.
In their meeting held on Thursday, August 8, 2024, the Board of Directors of Pondy Oxides and Chemicals Ltd approved the sub-division or stock split of the company's equity shares from a face value of Rs 10 (Rupees Five) each to Re 5 (Rupee One) each. This means for every 1 share held by the shareholders will get 2 shares.
On Friday, shares of Pondy Oxides and Chemicals Ltd closed at around Rs 1410.75 per share. The company’s current market capitalization stands at Rs 1779.09 crore. Additionally, the shares have delivered a multibagger return of over 190 per cent in the past 1 year.
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As per the Quarterly Results, in Q1 FY25, Pondy Oxides and Chemicals Ltd recorded a revenue of Rs 437 crore representing a growth of 36.25 per cent YoY from Rs 321 crore. The operating profit for Q1 FY25 stood at Rs 23 crore. The net profit for Q1 FY25 stood at Rs 15 crore compared to a profit of Rs 6 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 1525 crore in FY24. The operating profit for FY24 was Rs 74 crore with a net profit of Rs 40 crore compared to a net profit of Rs 49 crore in FY23.
Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.