100% Dividend: Small Cap Chemical Stock To Pay Dividend In Oct, Soars 177% In 6-Months

Small cap stock from the chemicals sector, Ddev Plastiks Industries Ltd will pay final dividend of Re 1/- each per fully paid equity share of Re 1/- each (i.e. 100%) for the FY ended 31st March by October 24, 2023. Earlier, Ddev Plastiks shares traded ex-dividend on September 18, 2023. The company also announced bonus share in the ratio of 1:10 earlier this year and the ex-bonus date was June 30, 2023. Ddev Plastiks stock offered return of 177% in last 6-months and 208% in last 1-year. Check details below:

Ddev Plastiks To Pay Dividend By October 24: As per the BSE filing issued dated September 25, 2023, "lt may be at the members had approved the declaration of Final Dividend of Re 1/- each per fully paid equity share of Re 1/- each (i.e. @ 100%) for the Financial Year ended 31't March, 2023 and the same shall be paid within 30 days of its declaration i.e. by 24.10.2023, to the shareholders as at 18/09/202 record date), in electronic mode in case of those members who have opted for the same and through warrants/cheque in case of others."

The company announced 2 dividends since September 21, 2022. At the current share price of Rs 204.05, it offers a dividend yield of 0.49%, according to Trendlyne.

Ddev Plastiks Stock Outlook & Return Over Years: Current market price of Ddev Plastiks share is Rs 204.05 per share with marginal intraday rally of 0.12% on BSE at 11:53 am today. The stock's 52-week high price is Rs 244.00 per share and 52-week low price is Rs 60.54 apiece, respectively. Its market capitalisation is Rs 2,111.44 crore.

Ddev Plastiks shares declined 5% in last 1-month, gained 73% YTD, and rose 208% in last 1-year.

Ddev Plastiks Financials: The company for the quarter ended June 30, 2023 announced its net sales at Rs 638.10 crore, up 18.8% as against Rs 537.13 crore in June 2022. It declared its quarterly net profit at Rs 37.81 crore in June 2023, up 164.04% as against Rs 14.32 crore in June 2022. The company EBITDA soared 96% in June 2023 to Rs 61.35 crore as against Rs 31.30 crore in June 2022.

Ddev Plastiks About: The company manufactures plastic compounds for industrial use. The company's product portfolio consists of PVC compounds, PE compounds, filler compounds, masterbatches, footwear compounds, peroxide compounds, pipe compounds, and engineering compounds for white goods, automobiles, and electronic appliances, among others.

Disclaimer

The stock just highlights dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.