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

The stock is up by 35 per cent in just 1 year and a whopping 623.25 per cent over the past 3 years

Krishana Phoschem Ltd informed that a meeting of the Board of Directors of our company has approved bonus shares in the ratio of 1:1 i.e., allotment of bonus shares in the ratio of 1 (One) new equity shares of Rs 10 each for every 1 (One) existing equity shares of Rs 10 each of the company held by the existing shareholders as on the ‘Record Date’ to be determined by the Board. Also, the Board declared a final dividend of Rs 0.50 per share (i.e., 5 per cent) on the fully paid-up equity shares of Rs 10 each of the company for the year 2022-2023. The company fixed the record date for a final dividend as September 21, 2023.

On Friday, the shares of Krishna Phoschem Ltd plunged 0.14 per cent to Rs 428 per share with an intraday high of Rs 433.95 and an intraday low of Rs 424.85. The stock’s 52-week high is Rs 559.40 and its 52-week low is Rs 295.50.

Krishna Phoschem Limited, incorporated in 2004, is engaged in the manufacturing of fertiliser and chemicals. The company was acquired by the Ostwal Group in 2007. The company has a market cap of over Rs 1,200 crore and has delivered good profit growth of 60 per cent CAGR over the last 5 years.  

Additionally, the company reported excellent numbers in its Quarterly Results (Q1FY24) and annual results (FY23). The net sales increased by 152.30 per cent to Rs 165 crore and the net profit increased by 100 per cent to Rs 12 crore in Q1FY24 over Q1FY23.

The stock is up by 35 per cent in just 1 year and a whopping 623.25 per cent over the past 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.