Multibagger chemical stock
GHCL will pay its shareholders a total dividend of ₹15 per share, consisting of a normal dividend of ₹10 and a special dividend of ₹5, for a total payout of 150 percent.
Gujarat Heavy Chemicals Ltd (GHCL) is a small-cap company having a market cap of Rs. 6,121 crore. The company makes soda ash (anhydrous sodium carbonate), which is used in detergents, glass, and ceramics, as well as Sodium Bicarbonate (baking soda) for the chemical sector.
GHCL also produces sodium bicarbonate, an important raw material for industries such as bakeries, pharmaceuticals, fire extinguisher manufacturing, and cleaning agents, at a rate of about 65 million tonnes per year (MTPA). The corporation will pay its shareholders a total dividend of ₹15 per share, consisting of a regular dividend of ₹10 and a special dividend of ₹5, for a total payout of 150 percent. [Multibagger chemical stock]
“The Board of Directors has recommended a total dividend of 15 per equity share of 10/- each, i.e. 150 percent on the paid up equity capital, (including regular dividend of 10 per share and special dividend of 5 per share), for the financial year ended March 31, 2022,” the company said in a BSE exchange filing. If authorized by the members at the next Annual General Meeting, the dividend will be paid on or after Monday, July 4, 2022.”
Gujarat Heavy Chemicals’ shares on the NSE have climbed from 280.40 on June 7, 2021 to 639.00 as of June 3, 2022, 3:30 pm IST, a multibagger return of 127.89% in a year. The stock has gained 69.14 percent year-to-date (YTD) from 377.80 on January 3rd, 2022 to the last traded price. The stock has gained 55.99 percent in the last six months and 7.30 percent in the last month. The stock has risen 4.60 percent in the last five trading days, but it has been losing ground in the last two days, dropping -3.61 percent.[Multibagger chemical stock]
The stock had a 52-week high of 682.00 on June 1, 2022, and a 52-week low of 257.15 on June 2, 2021, putting the company 6.30 percent below its 52-week high and 148.49 percent above its 52-week low based on the last trading price. Based on the last traded price, GHCL is trading higher than the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. The company maintains a Soda Ash manufacturing plant at Sutrapada, Gujarat, with an 11 lakh MTPA throughput and wants to increase it by 500 thousand MTPA by the end of 2025.
ABOUT GHCL Limited
| BSE Code: | 500171 |
| NSE Code: | GHCL |
GHCL Limited (GHCL) is a Commodity Chemicals Sector Company. The total valuation (market value) of the company is ₹6,283 crore. The price of one share of the company is ₹ 638.75 in BSE market today and ₹ 640.40 in NSE market today. The company was established in the year 1983.[Multibagger chemical stock]
As per the report provided by the company, the total income for the last year stood at Rs 3,272.44 crore and the total sales stood at Rs 3,256.01 crore. The company’s net profit stood at Rs 406.5 crore. GHCL Limited has paid tax of -115.53 crores in the current year.
PROS
- Company is expected to give good quarter
CONS
- The company has delivered a poor sales growth of 6.30% over past five years.
- Promoter holding is low: 19.07%
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