In today’s trade the market capitalization of small cap cement company Visaka Industries was 659.01 cr. Corrugated Fiber Cement Sheet is one of the products that the firm produces well with you. Visaka Industries has a pan India distribution network with 12 production facilities, 13 marketing offices and over 7000 dealer locations. Its product lines range from corrugated cement sheet and fiber cement board to hybrid solar roofing and man-made fiber yarn.
“In terms of Regulation 42(2) of the SEBI Listing Regulations, the Company has fixed Monday, May 15, 2023 as the ‘Record Date’ to determine the eligibility of shareholders for the purpose of sub-division/split. Five (5) Fully Paid Equity Shares of Face Value Rs.10/- (Rupees Ten only) each of the Share Capital of the Company Five (5) Fully Paid Equity Shares of Rs.2/- (Rupees Ten only) each Postal Ballot on April 5, 2023 As per the approval of the shareholders obtained through this, only two),” the board of directors of Visaka Industries said in a stock exchange filing today.
Record date fixed for sub-division of 1 equity share of face value each In 5 equity shares of face value 10/- each 2/- each, said Visaka Industries.
compared to net income of 357.14 crore, the firm reported a consolidated net income recorded during the quarter ended December 2021 358.95 crore during the quarter ending December 2022. The net expense of the company was 347.06 Cr in Q3 of FY23 as against 321.81 Cr in the same period of FY22, and its EBIT stood at 11.89 crores as opposed to 35.34 crore in the same period of FY22. The net profit of Visaka Industries was 3.35 crore as opposed to 24 Cr, and its EPS for Q3 of FY23 was 1.94 crore as opposed to 14.55 crore for Q3 of FY22. The company is yet to declare its Q4FY23 earnings.
Visaka Industries shares closed today on NSE 381.55 each level, down 0.66% from previous close 384.10. The scrip saw a total turnover of 15,851 shares as compared to the 20-day average volume of 42,744 shares. The stock touched a 52-week high at 664.00 (19-Sep-2022) and 52-week low 322.00 at (29-Mar-2023), indicating that at the current market price, the stock is trading 42.53% down from 1-year high and 18.49% up from 1-year low.
During Q4FY23, the company recorded promoter holding of 48.42%, FII holding of 3.83%, DII holding of 0.84% and public holding of 46.92%. Promoters holding in Visaka Industries was stable at 48.42% in the March 2023 quarter, FII/FPI holding increased from 3.72% in the Dec 2022 quarter to 3.83% in the March 2023 quarter, according to Trendline data The number of investors fell to 56 from 58, the share of mutual funds was flat at 0.01% and the share of institutional investors increased from 4.67% in Q3FY23 to 4.78% in Q4FY23.
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