After 1:1 Bonus Share, Multibagger Specialty Chemicals Stock To Mull Dividend

Small cap company operating in specialty chemicals industry, Tinna Rubber and Infrastructure Limited shares declined 2.67% in trade on Friday to settle at Rs 554.65 apiece. Tinna Rubber and Infrastructure shares offered shareholders return of 166% in last 1-year and fell 3.35% in last 1-week. The company informed today via its BSE filing about its upcoming meeting of Board of Directors to consider and approve results and interim dividend on January 29, 2024. Check details below:

Tinna Rubber and Infrastructure Limited To Consider Interim Dividend, Results: As per the regulatory filing of Tinna Rubber and Infrastructure Limited dated January 19, 2024, "meeting of the Board of Directors of the Company will be held on Monday, 29th January, 2024 at the Registered office of the Company at Tinna House, No.6, Sultanpur, Mandi Road, Mehrauli, New Delhi-110030. Inter alia, consider and approve the following:

1. Unaudited Financial Results of the Company for the Quarter and Nine Months ended 31st December, 2023.

2. To Consider and declare interim dividend if, any to the shareholders for the financial year 2023-24.

Tinna Rubber and Infrastructure Stock Performance & Return: The 52-week high price of Tinna Rubber and Infrastructure share on BSE is Rs 660.00 apiece and 52-week low price is Rs 168.50 apiece, respectively. The market capitalisation of the company is Rs 950.09 crore. Tinna Rubber shares 52% in last 6-months, soared 237% in last 2-years, offered return of 2676% in last 3-years, and surged 2479% in last 5-years. In last 10-years, Tinna Rubber and Infrastructure shares surged 4529%.

Tinna Rubber Bonus Issue In 2023: According to the BSE filing of Tinna Rubber dated July 29, "Issue of Equity Bonus Shares in proportion of 1:1 i.e. 1 (One) equity share of Rs 10/- each for every 1 (One) existing equity share of Rs 10/- each held by the shareholders of the Company as on record date, subject to the approval of shareholders at the ensuing annual general meeting and other statutory/regulatory approvals, consents, permissions, conditions, and sanctions, as may be necessary. In this respect, the record date shall be decided by the Board post approval of the shareholders and thereafter shall be intimated to the Stock Exchanges." Tinna Rubber shares traded ex-bonus on September 15, 2023.

Tinna Rubber Financials: The company announced its net sales for the quarter ended September 30, 2023 at Rs 79.69 crore, up 21.88% from Rs 65.38 crore in September 2022. It reported its quarterly net profit at Rs 7.62 crore in September 2023, up 81.3% from Rs 4.20 crore in September 2022. The EBITDA stood at Rs 13.16 crore in September 2023, up 29.27% from Rs 10.18 crore in September 2022. It EPS declined to Rs 4.45 in September 2023 from Rs 4.91 in September 2022.

Tinna Rubber About: Tinna Rubber And Infrastructure Limited, founded in 1987 under the leadership of Bhupinder Kumar Sekhri. It is expanding as a fully integrated company converting waste tyres into downstream value-added products. It sourced state-of-the-art technology from Japan and started automation of rubber compounding for manufacturing of footwear soling sheets, according to its official website.

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