The shares of a Smallcap company specializing in manufacturing and trading refractory products and control systems for various industrial applications jumped upto 6 percent following the Board’s approval to consider a stock split.
Price action
With a market capitalization of Rs. 6,213.73 crores on Thursday, the shares of Vesuvius India Limited jumped upto 11.7 percent making a high of Rs. 3825.00 per share compared to its previous closing price of Rs. 3606.60 per share.
What Happened
Vesuvius India Limited has informed that a meeting of the Board of Directors is scheduled for Wednesday, February 26, 2025, and during the meeting, the Board is set to consider and approve the audited financial results for the financial year ending December 31, 2024.
Along with it, the Board is set to discuss the recommendation of a dividend on equity shares and evaluate the proposal for the split/sub-division of equity shares, subject to shareholder and regulatory approvals.
About the Company
Vesuvius India is a prominent provider of refractory products and services, catering mainly to the steel, non-ferrous metals, and industrial sectors. The company offers high-performance refractories and control systems for various industrial applications and focuses on innovation and sustainability, aiming to enhance process efficiency for its customers.
Key Insights
The company has a P/E ratio of 27.98, which is lower than the industry average of 49.85 and Its PEG ratio of 0.66 suggests that the stock could be undervalued. Additionally, the company maintains a low debt-to-equity ratio of 0.01.
Financials
The company’s total revenue rose by 10.8 percent from Rs. 421.73 crores to Rs. 467.28 crores in Q2FY24-25. Meanwhile, Net profit rose from Rs. 60.28 crores to Rs. 68.46 crores during the same period.
Written by Sridhar J
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