Commodity Chemicals Stock engaged in the business of manufacturing and selling surface finishing products, engineering solutions and many more jumped 17 percent in the day’s trade, as it is going to consider issuing bonus shares of the company.
With a market capitalization of Rs. 4,204 Crores, the shares of Grauer & Weil (India) Limited were trading at Rs. 185.40, up 14 percent from its previous day’s close price of Rs. 163.30.
The board of directors of Grauer & Weil (India) Limited has scheduled a meeting to be held on February 26, 2024, to consider the issuance of bonus shares of the company.
Grauer & Weil (India) Limited is engaged in the business of manufacturing and selling surface finishing products and engineering solutions. It is also diversified into operating malls in Mumbai.
The company has a global presence with operations in over 50+ countries with business lines including Chemicals, Engineering, Paints, Malls, and Lubricants.
Business-wise gross operating income breakup is as follows, Surface Finishing generates 88 percent, Engineering 9 percent, and Shoppers Entertainment 3 percent.
Its revenue from operations grew by 27.71 percent from Rs. 768 Crores in FY22 to Rs. 981 Crores in FY23, accompanied by increasing profits of Rs. 79 Crores to Rs. 113 Crores.
It has reported a return on equity (ROE) of 18 percent and a return on capital employed (ROCE) of 23.7 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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