with a market valuation of 2,078.79 crore, Vishnu Chemicals Limited is a small-cap company dealing in the chemical industry. To international firms in the steel, glass, pharmaceutical, pigment and dye, leather and related sectors, the company’s supply of chemicals spans all major regions, including Asia, China, Southeast Asia, Europe, the UK, North, South and East Asia. Central America and Africa. Eligible shareholders need to be notified of the company’s 5:1 stock split announcement, which has been announced by the Board of Directors.
The company, in a stock exchange filing, said that its board of directors has “approved sub-division/split of 1 (one) equity share of face value of Rs. 10/- (Rupees ten only) of Rs. 5 ( 5) Fully paid up equity shares. 2/- (Rupees two only) each fully paid up, subject to approval of the members of the company and regulatory/statutory approvals. Sub-division of equity shares The record date for the same shall be decided by the Board and communicated to the Exchanges.”
The stock split is announced in the ratio of 5:1, i.e. for every 1 equity share of Rs.10/-, 5 equity shares of Rs.2/-.
Details of pre and post share capital as per stock exchange filings
Total Pre-Sub Division Share Capital
Authorized: 95,000,000 (number of shares), total share capital- 950,000,000
Issued and Subscribed Capital: 88,583,520 (Number of Shares), Total Share Capital- 885,835,200
paid up capital: 88,583,520 (Number of Shares), Total Share Capital- 885,835,200
Total Post Sub Division Share Capital
Authorized: 155,000,000 (number of shares), Total Share Capital- 950,000,000
Issued and Subscribed Capital: 136,367,600 (Number of Shares), Total Share Capital- 885,835,200
paid up capital: 136,367,600 (Number of Shares), Total Share Capital- 885,835,200
On a consolidated basis, the company reported total revenue 375 cr in Q2FY23 as compared to 242 crore in Q2FY22 and 361 crore in Q1FY23, representing a year-on-year growth of 55% and QoQ growth of 4%. In H1FY23, net revenue reached 736, 67% on a yearly basis 440 cr in H1FY22. In Q2FY23, the company reported EBITDA of 63 crore as compared to 35 crore in Q2FY22 and 61 crore in Q1FY23, representing a year-on-year growth of 82% and QoQ growth of 3%. EBITDA reached in H1FY23 Jumped 98% YoY from 123 Cr 62 crores in H1FY22.
In Q2FY23, EBITDA margin reached 16.7% from 14.2% in Q2FY22 and 16.7% in Q1FY23. EBITDA margin in H1FY23 stood at 16.7% as compared to 14.1% in H1FY22. Company reported profit after tax (PAT) 35 crore in Q2FY23 as compared to 17 crore more in Q2FY22 34 crore in Q1FY23, representing a year-on-year growth of 111% and QoQ growth of 3%. Net profit reached in H1FY23 69 crores as compared to 28 crore in H1FY22, representing an annual growth of 145%.
On a standalone basis, the company reported total revenue 326 crores in Q2FY23 as compared to 199 crore in Q2FY22 and 306 crore in Q1FY23, representing a year-on-year growth of 64% and QoQ growth of 6%. In H1FY23, net revenue reached 632, an increase of 75% annually 361 crore in H1FY22. In Q2FY23, the company reported EBITDA of 57 crore as compared to 25 crore in Q2FY22 and 52 crore in Q1FY23, representing a year-on-year growth of 126% and QoQ growth of 10%. EBITDA reached in H1FY23 108 crore y-o-y up 139% 45 crores in H1FY22.
In Q2FY23, EBITDA margin reached 17.4% from 12.6% in Q2FY22 and 16.8% in Q1FY23. EBITDA margin in H1FY23 stood at 17.1% as compared to 12.6% in H1FY22. Company reported profit after tax (PAT) 33 crore in Q2FY23 as compared to 11 crore more in Q2FY22 29 crore in Q1FY23, representing a year-on-year growth of 208% and QoQ growth of 11%. Net profit reached in H1FY23 62 crore as compared to 18 crore in H1FY22, representing an annual growth of 253%.
Vishnu Chemicals Ltd shares closed today 1,740.00 each, down 3.62% from previous close 1,805.30. In the last 5 years, the stock has given a multibagger return of 317.07% and in the last 3 years, the stock has given a multibagger return of 1183.73%. In the last 1 year, the stock has grown by 96.06% and based on YTD, the stock has given a multibagger return of 103.65% so far in 2022.
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