{"id":102632,"date":"2023-05-09T16:33:00","date_gmt":"2023-05-09T11:03:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102632"},"modified":"2023-05-09T16:31:28","modified_gmt":"2023-05-09T11:01:28","slug":"mid-cap-stock-announces-12-bonus-issue-and-dividend-after-net-profit-increases-by-402","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mid-cap-stock-announces-12-bonus-issue-and-dividend-after-net-profit-increases-by-402\/","title":{"rendered":"Mid cap stock announces 1:2 bonus issue and dividend\u00a0after net profit increases by 402%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4034003090\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Kansai Nerolac Paints spiked 10% on Tuesday\u2019s early trades to reach an intraday high of \u20b9 444.20 apiece on the National Stock Exchange (NSE). This happened after the company announced its quarterly and annual results, a dividend and a bonus issue. At 01:34 PM, its shares were trading at \u20b9 405.00 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3795191344\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KANSAINER\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Kansai Nerolac\u2019s<\/a><\/strong> consolidated net profit jumped 402.03% to 96.24 crores in the January to March (Q4FY23) against \u20b9 19.17 crores in the corresponding quarter a year ago. Its revenue from operations surged 12.81% in Q4FY23 to \u20b9 1733.59 crores, against \u20b9 1536.60 crores in the same quarter last year.\u00a0<\/p><p>For the entire year (FY 2022-23), the company\u2019s net profit jumped 36.52% to \u20b9 468.47 crores, compared to \u20b9 343.15 crores in FY 2021-22. Its revenue from operations increased to \u20b9 7542.73 crores, up 18.42% as compared to \u20b9 6369.35 crores a year ago.&nbsp;<\/p><p>The company\u2019s board has considered and approved the proposal for declaration of bonus equity shares in the ratio of 1:2, subject to approval of its shareholders. This means that eligible shareholders are entitled to receive one bonus equity share for every two shares held by them in the company. If approved, these shares will be dispatched within two months from the date of approval, i.e., by July 07, 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-550295282\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Kansai Nerolac has recommended a dividend of \u20b9 2.70 per share or 270% of its face value of \u20b91 each for the financial year ended March 31, 2023, subject to approval by its shareholders. The record date to determine the eligibility of shareholders is May 25, 2023. It will be payable on June 30, 2023.&nbsp;<\/p><p>With a market capitalization of \u20b9 21,700 crores, Kansai Nerolac Paints is a mid-cap stock. It has a low return on equity of 8.77% and an ideal debt-to-equity ratio of 0.07. Its shares were trading at a price-to-earnings ratio of 53.62 which is substantially higher than the industry P\/E ratio of 16.57, indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><p>Kansai Nerolac has been manufacturing paints for 103 years and is a leader in industrial paints. It has eight strategically located manufacturing units in India with a strong dealer network across the country.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-993085627\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Kansai Nerolac Paints spiked 10% on Tuesday\u2019s early trades to reach an intraday high of \u20b9 444.20 apiece on the National Stock Exchange (NSE). This happened after the company announced its quarterly and annual results, a dividend and a bonus issue. At 01:34 PM, its shares were trading at \u20b9 405.00 apiece.&nbsp; Kansai [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[9066,9067,9065,6162,8229,4772,9068,948,936],"class_list":["post-102632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-kansai-nerolac-latest-news","tag-kansai-nerolac-q4-results-2023","tag-kansai-nerolac-share-price","tag-mid-cap-stock-to-buy-now","tag-mid-cap-stocks-to-buy","tag-paint-stocks-to-buy","tag-paint-stocks-to-buy-in-2023","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mid cap stock announces 1:2 bonus issue and dividend\u00a0after net profit increases by 402% - 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