with a market capitalization of 1,496.31 Crore, Bhagirdha Chemicals & Industries Limited is a Small-cap company engaged in Agrochemical industry. The organization, headquartered in Hyderabad, India, focuses on the production of pesticides. It can manufacture a variety of technical-grade fungicides, herbicides and insecticides with an annual capacity of 3250 tonnes. The company has a large export market in over a dozen countries, including the United States, Brazil, the United Kingdom, Portugal, Australia, South Africa, China, Germany, Malaysia and Belgium.
The company in a stock exchange filing said “We would like to inform you that the Board of Directors of the Company in its meeting held today i.e. November 04, 2022 has declared the first interim dividend of Rs. Fully paid-up equity of face value of Rs. 1.00/- per equity share (10%) on shares.10/- per share for the financial year 2022-23. For the purpose of determining the shareholders’ eligibility for the 1st interim dividend for the financial year 2022-23 the record date is Thursday, November 17, 2022 and stated that the dividend shall be paid within 30 days from the date of declaration.”
In Q2FY23, the company reported total income of 132.17 crore as compared to 99.53 crore in Q2FY22, representing a year-on-year growth of 32.79%. Company reported net expense 114.86 crore in the quarter ended Sept. 2022 88.02 crore over the same quarter last year, representing a year-on-year growth of 30.49%. The company recorded a net profit of 12.20 crores in Q2FY23, as compared to 8.34 crore in Q2FY22, and 11.90 crore in Q1FY23, representing a year-on-year growth of 46.28% and QoQ growth of 2.52%. Company’s EPS reached Compared to 11.69 in Q2FY23, 12.52 crore in Q1FY23 and 10.05 in Q2FY22.
Bhagirdha Chemicals & Industries Ltd shares closed today 1,444.00 each, up 3.09% from previous close 1,400.70. In the last 5 years, the stock has generated a multibagger return of 109.17% and in the last 3 years, the stock has generated a multibagger return of 262.69%. In the last 1 year, the stock has grown by 98.42% and on YTD basis, the stock has gained 67.65% so far in 2022. For the quarter ended September or Q2FY23, the company recorded promoter shareholding of 24.44%, FII holding of 0.20% and public holding of 75.35%.
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