Synopsis: Shares of this metal recycling company are likely to remain in focus after it announced the record date for its approved stock split. The subdivision aims to improve liquidity, enhance affordability for retail investors, and increase participation in the company’s shares.
Shares of a metal recycling and specialty chemicals company are likely to remain in focus after it fixed the record date for an approved equity share subdivision. The corporate action, following shareholder approval earlier this month, is expected to improve trading liquidity, enhance affordability for investors, and broaden retail participation in the stock.
With a market capitalization of Rs. 4,413 crore, the shares of Pondy Oxides and Chemicals Limited were trading at Rs. 1,461 per share, up by 4 percent after the announcement, and it is trading at a P/E of approximately 31x.
Stock Split Details
According to an exchange filing, the Board of Directors has fixed Tuesday, July 21, 2026, as the Record Date to determine the eligibility of shareholders for the subdivision of equity shares. The proposal was approved by shareholders through a Postal Ballot on July 2, 2026.
The company has announced a 2:5 stock split, under which every 2 equity shares with a face value of ₹5 each will be subdivided into 5 equity shares having a face value of ₹2 each, fully paid-up. The newly allotted shares will rank pari-passu with the existing equity shares in all respects.
For instance, an investor holding 2 shares of the company before the record date will receive 5 shares after the stock split. Similarly, an investor owning 200 shares before the split will hold 500 shares after the subdivision. While the number of shares increases, the overall value of the investment remains unchanged immediately after the split as the share price adjusts proportionately.
A stock split does not impact the company’s market capitalization or shareholders’ wealth. However, by reducing the trading price per share, it generally improves liquidity and makes the stock more affordable for retail investors.
About the Company and Financials
Pondy Oxides and Chemicals Limited is one of India’s leading manufacturers of secondary lead, lead alloys, lead oxide, PVC stabilizers, copper products, and other value-added metal products. The company also recycles used lead-acid batteries and electronic waste, supplying industries such as batteries, power storage, chemicals, and industrial manufacturing. With over 30 years of experience, it exports to 20+ countries, operates across four recycling verticals, and has delivered a 24 percent revenue CAGR over the last five years while consistently expanding its recycling capacity.
The company reported a strong financial performance during FY26, with revenue from operations increasing to ₹2,939 crore, compared to ₹2,028 crore in FY25, registering a growth of nearly 45 percent. Its net profit also more than doubled, rising from ₹65 crore in FY25 to ₹139 crore in FY26, while operating profit improved from ₹105 crore to ₹211 crore, reflecting stronger operating efficiency.
For the March 2026 quarter, the company reported revenue of ₹932 crore, compared to ₹776 crore in the December 2025 quarter, while net profit stood at ₹38 crore, maintaining its profitability despite higher operating expenses.
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