Metal and chemical stock engaged in the business of producing and supplying lead, lead alloys, lead acid batteries, plastic additives, and many more in focus upon announcing stock split of equity shares of the company in the ratio of 1:2.
Price Action
With a market capitalization of Rs. 1,829.66 Crores, the shares of Pondy Oxides & Chemicals Limited were trading at Rs. 1,450 per equity share, down 4 percent from its previous day’s close price at Rs. 1,510.60.
Stock Split
The board of directors of Pondy Oxides & Chemicals Limited has considered and approved the sub-division/ split of equity shares of the company in the ratio of 1:2 where one equity share with a face value of Rs. 10 will be split into 2 equity shares of the company with a face value of Rs. 5 on the record date.
Also read
About the Company
Pondy Oxides & Chemicals Limited is India’s largest secondary Lead manufacturer in Lead Alloys, engaged in the business of producing and supplying lead, lead alloys, lead acid batteries, and plastic additives. It also converts scrap into pure and specific alloys.
Financials and Ratios
Its Revenue from operations grew by 36 percent from Rs. 321 Crores in Q1FY24 to Rs. 437 Crores in Q1FY25, accompanied by profits of Rs. 6 Crores to Rs. 15 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 13 percent, and a Return on capital employed (ROCE) of 16.1 percent. It has reported a debt-to-equity ratio of 0.27.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
