with a market valuation of 3,654.21 Crore, Vesuvius India Limited is a Small Cap company operating in Industrial industry. Services provided by Vesuvius, a community of professionals, include design and engineering, product and operations management. That firm’s board of directors has established a record date for the purpose of the recommended dividend for the fiscal year ending December 31, 2022.
Vesuvius India said in a stock exchange filing today that the board of directors has “recommended a dividend for the financial year ended December 31, 2022. 8.25/- (Rupees eight and twenty five paise only) per equity share of Rs. 10/- Each.Wednesday, the 26th day of April, 2023 has been fixed as the record date for the purpose of determining the members who shall be entitled to receive the dividend, which shall be paid after approval of the members at the ensuing Annual General Meeting. “
Vesuvius India also announced that it has appointed Mr. Rohit Baheti as the Chief Financial Officer of the company with effect from February 27, 2023. During Q3 FY2023, the company reported net income from operations 348.37 Cr, down 1.26% YoY 352.82 crore was recorded in Q3 of FY22. During the quarter ending December 2022, the company said its net income reached 354.95 cr as against 358.92 crore was recorded in the quarter ending December 2021. The company said its net expense reached 317.63 Cr in Q3FY23 as compared to Rs. 310.39 crore in the year-ago quarter. Vesuvius India said its net profit has reached 27.64 Cr in Q3FY23, down 23.41% YoY 36.09 crore in Q3FY22. EPS of Vesuvius India 13.62 in Q3FY23 as compared to 17.78 as recorded in Q3FY22.
Vesuvius India shares closed today on NSE up 3.07% from its previous close of 1,804.00 1,750.20. The stock recorded an average total volume of 44,360 shares as compared to 20-day average of 15,373 shares. The stock has gained 89.32% in last 1 year and on YTD basis it is up 11.61% in 2023 so far. In last 6 months, the stock has gained 30.58% and in last 1 month it has gained 13.48%. The stock touched a 52-week high 1,858.00 (27-Feb-2023) and at a 52-week low 900.00 at (07-Mar-2022), indicating that at the current market price, the stock is trading 2.90% down from 1-year high and 100.44% up from 1-year low. During Q3FY23, the company recorded promoter shareholding of 55.57%, FII holding of 0.86%, DII holding of 23.21% and public holding of 20.37%. Vesuvius India maintains a debt-to-equity ratio of zero marking it as a debt-free company and has a P/E ratio of 35.7, which is lower than its sector PE ratio of 48.9.
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