Rs 325/Share Dividend: Small Cap Stock Sets Record Date For 325% Payout

A small-cap company The Yamuna Syndicate Ltd registered a market valuation of Rs 408.80 Cr on Friday during the closing session. For the automotive sector, agrochemicals, industrial and consumer electricals, the firm trades and markets a wide range of products. The Board of Directors of The Yamuna Syndicate has recommended a dividend of Rs 325 per share and for the purpose of the same record date has been announced.

Yamuna Syndicate Dividend

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company shall remain closed from Friday, August 18, 2023 to Thursday, August 24, 2023 (both days inclusive) and Thursday, August 17, 2023 shall be taken as Record date for determining entitlement of members for payment of dividend of Rs. 325/- per equity share of Rs. 100/- each, as recommended by the Board of Directors for the financial year ended March 31, 2023 subject to approval of the Members in the AGM," said The Yamuna Syndicate in a stock exchange filing.

Yamuna Syndicate Financials

In Q4 FY23, the firm recorded revenue from operations of Rs 15.05 Cr, up from Rs 14.10 Cr in Q3 FY23. Its net profit jumped from Rs 0.43 Cr in the December 2022 quarter to Rs 0.61 Cr in the March 2023 quarter. Yamuna Syndicate's EPS went up from Rs 13.98 in Q3FY23 to Rs 19.79 in Q4FY23. While in FY 22-23, it generated Rs 68.38 Cr in sales and Rs 8.88 Cr in net profit. According to Yamuna Syndicate, the EPS for 12MFY23 was Rs 288.89. The company has not yet released its Q1FY24 earnings.

Yamuna Syndicate Share Price

On Friday, the shares of The Yamuna Syndicate closed on the BSE at Rs 13300 apiece down by 0.74% from the previous close of Rs 13399. The stock made a 52-week-high of Rs 14,949.90 on (05/08/2022) and a 52-week-low of Rs 10,199.50 on (25/05/2023), indicating that at the current market price, the stock is trading 11.03% below the 1 year high and 30.39% above the 1 year low. A promoter holding of 74.87%, a DII stake of 0.01%, and a public stake of 25.12% were registered by the company during Q1FY24. Yamuna Syndicate is a debt-free firm, with a debt-to-equity ratio of 0, according to Trendlyne's statistics. Its price to earnings ratio is 4.6, which is lower than the sector average PE ratio of 88.5.

Yamuna Syndicate Share Price Target

YSL is a smallcap stock engaged in the petroleum products industry and its low volumes are a caution trigger in it. Currently, It is trading at 13450 and in 2021 it made its 2nd all-time high near 21550 and from there touched a low of 10200. Its current PE is 4.37 which is 1/10 of its sector's PE. It has delivered a higher dividend compared to its sectors. Its Monthly RSI is near 55 and at daily timeframe it is 62. Technical are indicating good to go but volumes are low hence liquidity could be a concern. Those who are willing to trade in it can initiate longs above 13500 and keep a stop loss at 12000. Target to be expected in it 14500 to 18000 in 3 to 18 months' time said V.L.A. Ambala (SEBI Registered Research Analyst at Stock Market Today (SMT).

Disclaimer

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