This week, small-cap agrochemical stock Bhageria Chemicals and Industries will be in focus because it will undergo a 1:10 stock split. Bhageria Chemicals is a multi-bagger stock, and its face value will be divided into ten smaller shares, each valued at 10 rupees.

The stock split will be effective in less than five days from now.

Bhagiradha Chemicals & Industries Share Price:

On the BSE, last Friday, the share price of Bhagiradha increased by 0.47% to Rs 1925.60, with a market cap of Rs 2,003.68 crore. The stock had a positive performance during the closing trading week ending on April 26. Year-to-date, the stock has recorded a gain of approximately 29% on the BSE.

The stock has increased by 38% in one year, while it has surged by 350% in five years.

The cumulative return of the stock is approximately 27,213.38%. On July 12, 2002, the stock was at around ₹7.10 level.

Among the key fundamentals of the stocks as per Trendlyne data are:

Last year, the stock price increased by 37.5% and outperformed its sector by 12%.

A debt-to-equity ratio of 0.16 is less than 1 and is healthy. This implies that the company’s assets are primarily financed through equity rather than debt.

The promoter shareholding remained at 23.52% in the latest quarter.

– Promoter Pledges are zero.

“The price-earnings ratio is 98.34, which is higher than its sector PE ratio of 51.79.”

“The return on equity (ROE) for the previous fiscal year was 14.41%, which falls within the typical range of 10% to 20%.”

“The interest coverage ratio is 15.74, which is more than 1.5. This means it is comfortably able to meet its interest payments from its earnings (EBIT).”

Bhagiradha Chemicals & Industries Stock Split:

Bhagiradha has set Thursday, May 2, 2024, as the record date for the subdivision of the company’s existing equity shares, with 1 (one) equity share of Rs. 10/- (only ten rupees) each fully paid-up, being subdivided into 10 (ten) equity shares of Rs. 1/- (only one rupee) each fully paid-up, all ranks being treated equally.

Accordingly, the stock split ratio is at 1:10.

Due to the stock split, as stated in the BSE circular, the new ISIN number provided above will be effective for trades executed on May 2, 2024, for each company’s Rs. 1 equity shares.

Share splitting typically means that listed companies can divide their existing shares into a greater number of shares for various reasons. This can be done to improve liquidity, reduce the price per stock, make it cheaper, or attract both existing and new investors for fresh purchases.

About Bhagiradha Chemicals & Industries Limited:

Bhagiradha Chemicals and Industries Limited (BCIL) is a professionally managed public limited company based in Hyderabad, India, dedicated to manufacturing high-quality pesticides.

The manufacturing unit of the company is located near the coastal city of Ongole, 300 kilometers north of Chennai. With an annual capacity of 3250 tons, it produces various technical-grade pesticides, herbicides, and fungicides. These are formulated using liquid formulations as well as powder formulations conforming to international standards.

The company has significantly exported its products to more than a dozen countries including the United States, Brazil, the UK, Portugal, Australia, South Africa, China, Germany, Malaysia, and Belgium in the past few years.