Five Days Ahead For The 1:10 Split; Rs 2,000 Fundamental Analysis Shows 27,213% Return on Agrochemical Stock

This week will be focused on Bhagiradha Chemicals & Industries, a small-cap agrochemical company, as it goes ex-split with a ratio of 1:10. Bhagiradha Chemicals is a multi-bagger stock, meaning that each of its ten smaller shares, each worth one rupee, would be split from its face value of Rs 10. The split of the stocks will take effect in less than five days.

Bhagiradha’s stock price was up 0.47% on the BSE on Friday, closing at Rs 1925.60 per share, with a market value of Rs 2,003.68 crore. The stock saw gains during the trading week that concluded on April 26. The stock has gained around 29% on the BSE year to date.

The stock has increased by 38% in a year and by 350% over the last five years.

With this stock, the total return is a whopping 27,213.38%. On July 12, 2002, the stock was trading at around Rs 7.10 levels.

According to Trendlyne data, some of the important stock fundamentals are:

– Over the previous year, the stock price increased 37.5% and outpaced its industry by 12%.

– The debt to equity ratio, at 0.16, is healthy and less than 1. This suggests that equity is the primary source of financing for its assets.

– The promoter share holding remained constant at 23.52% throughout the last quarter.

– There are no promoter pledges.

– The price to earnings ratio is 98.34, which is more than the 51.79 industry PE ratio.

– The most recent fiscal year’s Return on Equity (ROE), which falls between 10% and 20% on average, was 14.41%.

– The interest coverage ratio is more than 1.5, at 15.74. This indicates that it may easily use its profits (EBIT) to cover its interest obligations.

Bhagiradha Chemicals & Industries Stock Split: Bhagiradha has set Thursday, May 2, 2024, as the record date for the sub-division and split of the Company’s existing Equity Shares. The plan is for 1 (one) fully paid equity share, with a face value of Rs. 10/- (Rupees 10 only), to be split into 10 (ten) fully paid equity shares, each ranking pari passu in all respects.

As a result, 1:10 is the stock split ratio.

The BSE circular said that the new ISIN number for each equity share of the company, Re.1/-, would take effect for transactions made on and from the Ex-Date, which is May 2, 2024, as a result of the stock split.

Share splits typically allow listed firms to divide their current shares into a ratio of their choosing for a variety of purposes. These might be used to increase liquidity, decrease the stock’s worth, lower its price, or just draw in new buyers from both current and prospective investors.

About Bhagiradha Industries & Chemicals Ltd.:
Based in Hyderabad, India, Bhagiradha Chemicals & Industries Limited (BCIL) is a well-managed public limited business committed to producing premium pesticides.

Situated 300 miles north of Chennai, the company’s production site is close to the eastern coastal town of Ongole. It can produce a variety of technical-grade insecticides, herbicides, and fungicides with an annual capacity of 3250 tons. Both liquid and powder formulations are created using scientific grade insecticides that meet international regulations.

Over the years, the company has sold its goods to over a dozen nations, including the United States of America, Brazil, the United Kingdom, Portugal, Australia, South Africa, China, Germany, Malaysia, and Belgium. Its export sales are substantial.