Multibagger Share: The board of directors of Krishana Phoschem has recently announced a bonus share offering in a 1:1 ratio, which has generated buzz in the financial markets. For those eligible to receive these bonus shares, the record date has been determined to be Wednesday, 25th October 2023.
Within the last year alone, this stock has experienced a substantial upswing, with a robust 45% growth rate. Extending the timeline to the past three years, the stock has yielded an impressive return of 670% for its investors. These figures have solidified Krishana Phoschem’s position as a multi-bagger stock that has consistently provided exceptional returns to its stakeholders in a relatively short span.
On the previous Friday, the stock closed at a price of 498.15 INR, marking a slight dip of 0.57%. The company’s current market capitalization stands at approximately 1,476 crore INR. Over the last year, the highest the stock has reached is 559.40 INR, while the lowest point is marked at 336.05 INR.
Further emphasizing its commitment to shareholders, Krishana Phoschem has disbursed a dividend of 0.50 INR per fully paid-up equity share of 10 INR for the financial year 2022-2023. The final dividend’s ex-date was on 21st September 2023.
The company’s recent quarterly (Q1FY24) and annual results (FY23) have also been commendable. There was a significant hike in net sales, marking a growth of 152.30%, translating to 165 crore INR. Additionally, the net profit surged by 100%, amounting to 12 crore INR. In June quarter (Q1FY24), company promoters increased their shareholding from 64.83% to 65.46%.
Established in 2004, Krishana Phoschem Limited has made its mark in the fertilizer and chemicals manufacturing sector. It became a part of the Ostwal Group in 2007. With a market capitalization surpassing 1,400 crore INR, the company has showcased an excellent profit growth with a Compound Annual Growth Rate (CAGR) of 101% over the last five years.