Vishnu Chemicals Limited is a small-cap business that operates in the chemical industry. It has been making and supplying chemicals for international firms in the steel, glass, pharmaceutical, pigments and dyes, leather and related sectors for three decades.
The company informed the exchanges that its board has passed the necessary resolutions and has fixed Friday, January 13, 2023, as the record date for the purpose of sub-division of 1 equity share of ₹ 10/- each into 5 equity shares of ₹ 2/-each fully paid up. Further, it received shareholders’ approval through a postal ballot by way of electronic means on 14th December 2022.
Vishnu chemicals has a market capitalization of ₹ 1852 crores. It has an excellent return on equity of 34.41%. However, its shares are trading at a price-to-equity (P/E) ratio of 14.76, which is slightly higher than the industry P/E of 13.49. Its promoters hold a 75% stake in the company.
The company has given multibagger returns of 786.49% in the past two years as its share price rose from ₹ 175.75 to the current level of ₹ 1558.00. If an investor would have invested ₹ 1 lakh in the company’s shares two years ago, the value of their holdings would have been ₹ 8.86 lakhs today!
The stock had touched a 52-week-high of ₹ 2,170.00 on 08-September-2022 and a 52-week-low of ₹ 785.00 on 22-December-2021, indicating that at the current market price the stock is trading at 28.20% below the 1 year high and 98.47% above the 1 year low.
Written by Simran Bafna
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