Supreme Petrochem Ltd informed the exchanges that its board has fixed Friday, January 6th, 2023 as the record date for the purpose of sub-division/ split of its shares of the face value of ₹ 4 to ₹ 2 per share paid up.
Supreme Petrochem Ltd (SPL) is a leading petrochemical company engaged in the business of manufacturing Polystyrene, Compounds of Styrenics and other Polymers.
Its shares were trading at ₹ 758.00 apiece at 11:21 AM on Wednesday. The stock’s 52-week high is at ₹ 1027.05 and its 52-week low is at ₹ 619.80 apiece on the Bombay Stock Exchange (BSE).
The company’s shares have given multibagger returns of a whopping 420.27% in the past three years. This means that if an investor would have invested ₹ 1 lakh in the company’s shares three years ago, the value of their holdings would have been ₹ 5.20 lakhs today!
SPL has a market capitalization of ₹ 7,163 crores and is a small-cap company. It has an excellent ROE of 51.41% and an ideal debt-to-equity ratio of 0.02. Its shares were trading at a price-to-equity ratio of 11.22, as compared to the industry P/E of 13.90. This indicates that the stock is undervalued as compared to its peers. It has a good dividend yield of 2.36%. Further, its revenue and profit show an increasing trend over a period of five years.
Written by Simran Bafna
