This leading and diversified chemical company is in focus after announcing a sub-division or stock split of its equity shares with a face value of ₹10 each. A stock split is a corporate action in which a company divides its existing shares into multiple shares to boost the stock’s liquidity
With a market capitalisation of Rs. 5,883 Crore, the stock of India Glycols opened at Rs. 1912.45, around the same level as yesterday’s close, and after opening, it made a high of Rs. 1,945, up 1.70 percent. Additionally, the Yearly return for the stock is 152 percent, and the past 5-year return is an impressive 602 percent.
Stock Split Update
The company has announced a stock split in the ratio of 1:2, where 1 equity share of face value Rs. 10 each will be split into 2 equity shares of face value Rs. 5 each, fully paid-up. However, this move requires amending the Capital Clause of the Memorandum of Association and is subject to shareholder and regulatory approvals.
Following the split, the authorised share capital will remain at Rs. 45 crore but will now comprise 9 crore equity shares of Rs. 5 each. The record date for the stock split will be announced in due course.
Also read: Stock under ₹70 hits 5% upper circuit after receiving order worth ₹26 Cr from Indian Oil Corporation
About the Company
Established in 1983 and headquartered in Uttarakhand, India Glycols Limited (IGL) is a diversified Indian company primarily engaged in the manufacture of green chemicals, specialty chemicals, and natural gums, along with spirits and nutraceuticals.
IGL operates across multiple segments, including industrial chemicals, performance chemicals, liquor manufacturing, and pharmaceuticals. It has a strong focus on sustainability and innovation, catering to both domestic and international markets across various industries such as textiles, pharmaceuticals, personal care, and food processing.
The company reported a 6.80 percent YoY decrease in revenue from Rs. 926 Crore in Q4FY24 to Rs. 863 Crore in Q4FY25. On a QoQ basis, the company reported a decrease of 11.48 percent in revenue from Rs. 975 Crore in the previous quarter.
Their Net profit saw an increase of 52.38 percent YoY from Rs. 42 Crore to Rs. 64 Crore for the same period. On a QoQ basis, the company reported an increase of 12.28 percent in Net profit from Rs. 57 Crore in the previous quarter.
Written By Abhishek Das
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