India Glycols has declared 23 dividends since September 11, 2002, according to Trendlyne data. In the past 12 months, the company has declared an equity dividend amounting to Rs 5 per share. At the current share price, its dividend yield is 0.59%.
India Glycols is a specialty chemicals company whose products are used in paints, textiles, pharma, oil & gas, personal care, and packaging industries.
While the stock has fallen 20% in the past three months amid weak market sentiments and lacklustre performance by smallcap stocks, its one-year returns stand at around 60% compared to Nifty’s 5% returns and 3% by the BSE Sensex.
India Glycols is a smallcap stock with a market capitalisation of Rs 5,736 crore on the NSE.
Following the recent correction, its stock has slipped below its 50-day and 200-day simple moving averages (SMAs) of Rs 913 and Rs 945, respectively, the Trendlyne data suggested. Its fall has been sharper than the benchmark indices over a three-month period.
Also read: REC declares Rs 3.20/share dividend. Check record date, dividend yieldThe company’s consolidated net profit for the December-ended quarter stood at Rs 68 crore, recording a growth of 19% versus a net profit of Rs 57 crore posted in the year ago period.
Total revenue in the reported quarter stood at Rs 1,103 crore, up 12% YoY versus Rs 981 crore posted in the corresponding quarter of the last financial year.
Shares of India Glycols on Tuesday ended with a decline of 0.3% at Rs 855.75.
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