Dividend of Rs. 10 per share: Specialty Chemicals stock soars 7.53% in a single week; how can I qualify?

India Gelatine & Chemicals Ltd., a small-cap business in the specialty chemicals sector, saw a 1.95% decrease in share price today despite the firm announcing an interim dividend. For the fiscal year 2023–2024, the Board of Directors of India Gelatine has recommended an interim dividend of 100% (Rs 10 for each fully paid-up equity share of Rs 10). In the middle of the dividend craze, India Gelatine shares gained 7.53% during the last week and surged 251% over the previous two. View the information below:

India Gelatine Establishes Record Date For Rs. 10/Share Interim Dividend: According to the company’s regulatory filing dated March 6, 2024, “Friday, March 15, 2024 has been fixed as ‘Record Date’ to determine the list of eligible members for the payment of Interim Dividend, further pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.” The interim dividend will be distributed in accordance with the legal deadlines.”

How Can I Qualify For A Dividend? On the record date of the particular dividend issue, shareholders must have the shares in their corresponding demat account in order to be eligible for dividends. To guarantee that their equities are delivered to their demat accounts before the record date, shareholders must purchase their shares at least one day in advance.

Performance and Return of India Gelatine Shares: On the BSE, the price of a share of India Gelatine has ranged from Rs 211.25 to Rs 439.70 during the last 52 weeks. The market capitalization of the firm is Rs 285.11 crore. The shares of India Gelatine have increased by 10% year-to-date (YTD), by 15% over the previous three months, by over 2% over the last six months, and by 57% over the past year. In the previous two years, India Gelatine shares returned 251%, and in the last three years, they surged 327%. Over the previous five years, the share increased 314%.

India Gelatine Financials: For the quarter ending December 31, 2024, the firm reported a little increase in net profit of 1.84% to Rs 7.81 crore from Rs 7.67 crore in December 2022. The firm reported net sales of Rs 47.85 crore for the quarter ending in December 2023, a 15.14% decrease from the Rs 56.39 crore reported in the same quarter of the previous year. For the quarter under review, its EBITDA was Rs 10.12 crore, down 11.85% from Rs 11.48 crore in December 2022. from Rs 10.81 in December 2022 to Rs 11.01 in December 2023, India Gelatine’s EPS increased dramatically.

India Gelatin About: It works in the specialized chemical business. The company’s operations include the production of gelatin, ossein, and di-calcium phosphate (DCP). Due to IGCL’s exceptional product line, which is suitable for consumption in halal and international markets, exports to the USA, the EU, Japan, Korea, Middle Eastern nations, and Indonesia, among other places, have become possible.