Specialty Stock Offers Rs 18 Dividend & Eyes Rs 2,400 Target—Why March 20 Is Crucial?

With more than 215 product grades, Galaxy Surfactants Ltd., a prominent producer of performance surfactants and specialty care products, was founded in 1986. Hair care, dental care, skincare, cosmetics, soap, shampoo, lotion, detergent, cleaning supplies, and other consumer-focused home and personal care products use these items. The company's main clients include Unilever, Reckitt Benckiser, P&G, L'OREAL, Himalaya, Colgate Palmolive, CavinKare, and other major MNCs as well as regional and local FMCG companies. The company's production plants are situated in the USA, Egypt, and India. With a market valuation of Rs 7,380.08 Cr, Galaxy Surfactants closed the last trading session 0.95% down on the BSE at Rs 2081.55 a share. On September 17, 2024, the specialty chemical stock hit a 52-week high of Rs 3,366.30, and on March 13, 2025, it hit a 52-week low of Rs 2,070.00.

Galaxy Surfactants Dividend

"In continuation to our intimation dated March 10, 2025, the meeting of the Board of Directors of the Company was held as scheduled today i.e., March 15, 2025, and the Board inter-alia has considered, approved and declared Interim Dividend of Rs.18/- per equity share having face value of Rs. 10/- each for the financial year 2024-25. The record date for payment of this interim dividend is fixed as March 20, 2025. The interim dividend shall be paid within 30 days from the date of its declaration to the shareholders whose name appears in the Register of Members as on the record date," said Galaxy Surfactants in a stock exchange filing on March 15, 2025.

Galaxy Surfactants News

A strategic partnership was formed last week between the company and one of its international clients through its group companies to provide EPC services, which include process design and expertise, procurement, engineering and construction, as well as commissioning of their Performance Surfactants and Speciality Ingredients Plant at an abroad location. After the plant is put into service, the company is also in the final phases of talks to strengthen this partnership.

"This strategic initiative is in alignment with our Growth Vision to expand geographical footprint into our focused markets. This is also a testimony to our ability to build deep customer relationships based on the foundation of 4Cs viz. Character, Competence, Competitiveness and Comfort," said Galaxy Surfactants.

Galaxy Surfactants Q3 Financials

The company's December 2024 quarter net sales of Rs 1,041.69 crore represented a 10.76% growth over the December 2023 quarter's net sales of Rs 940.49 crore. In the quarter that ended in December 2024, its net profit was Rs. 64.61 crore, a 9.47% drop from Rs. 71.37 crore in the quarter that ended in December 2023. EBITDA dropped 7.85% from Rs. 118.87 crore in Q3FY24 to Rs. 109.54 crore in Q3FY25.

Galaxy Surfactants Share Price Target

"Galaxy Surfactants stock price is slightly bullish on the Daily charts with strong support at 2066. A Daily close above resistance of 2152 could lead to a target of 2400 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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