Small-cap declares dividend of INR 7 per share, deed trades at 4.39% dividend yield, FII shares crash in Q3.

Visaka Industries is like a tree that has declared a fruit dividend of Rs. 7 per share. The fruit, in this case, is the dividend payout that shareholders will receive. The tree's fruit yield is 4.39%, indicating how much fruit the tree is currently producing in proportion to its size. However, despite the tree's strong performance, some of its stakers (FIIs) have lost faith in it and reduced their investment in it during the last quarter.

Dr. G. Vivekanand founded Visaka Industries Ltd in 1981. The company offers a wide range of products, from corrugated and fiber cement boards to hybrid solar roofs and synthetic fiber yarns. With a market valuation of Rs. 591.44 Cr., Visaka Industries is a small company engaged in the natural resources sector.

With a market valuation of Rs. 591.44 Cr., Visaka Industries is a small company engaged in the natural resources sector. Dr. G. Vivekanand founded Visaka Industries Ltd in 1981. The company offers a wide range of products, from corrugated and fiber cement boards to hybrid solar roofs and synthetic fiber yarns. With 12 manufacturing plants, 13 marketing offices and his PAN India distribution network of over 7000 distributors, Visaka Industries Limited has established itself as a productive business venture and his GreenPro Certified (IGBC) organization doing.

"Today, the Board of Directors has approved the payment of an interim dividend of Rs.7/- per share (i.e. 70% of the par value of Rs.10/-) for the financial year 2022-23. This interim dividend will be paid to the shareholders of the company whose names are on the register of shareholders held by the RTA/Beneficial Owners with a closing date set for April 12, 2023. It will be submitted to the stock exchange on Saturday.

Visaka Industries announced his 150.00% stock dividend in March 2022 or fiscal year 2022 at a par value of £10 or £15 per share. The dividend yield at the current share price of INR 342 is 4.39%. Since July 11, 2002, the company has paid out 32 dividends, according to Trendlyne data. Visakha Industries Ltd announced a stock dividend of Rs. 8.00 per share for the past 12 months. This makes him a dividend yield of 2.34% at the current share price of INR 342.

During the quarter ended December 2022, the company reported a consolidated net profit of SEK 358.95 compared to his 357.14 for the quarter ended December 2021. Our net expenses reached SEK 347.06 Cr in Q3 FY2023, compared with SEK 321.81 in Q3 FY23, exceeding EBIT at 11.89 Cr, compared with SEK 35.34 Cr in the same quarter in FY22. bottom. According to Visaka Industries, net profit in Q3 FY2023 reached INR 3.35 compared to INR 24 in Q3 FY2022 and EPS increased to INR 3.55 in Q3 FY2023 compared to INR 24 in Q3 FY2023. It was Rs 1.94 for the quarter.

On Friday, NSE's Visakha Industries shares closed at 342 rupees per share, up 1.35 per cent from the previous close of 337.45 rupees. Total trading volume for the stock was 36,918 shares against a 20-day moving average trading volume of 34,466 shares. The stock has fallen 44.50% over the past year and so far in 2023 YTD he is down 23.08% YTD. The share price hit a 52-week high of Rs 664.00 on September 19, 2022 (September 19, 2022) and a 52-week low of Rs 322.00 (March 29, 2023). market trends .

During the third quarter of FY23, the Company recorded his 48.42% promoter profit, 3.72% FII profit, 0.84% ​​DII profit and 47.03% public profit. Trendlyne data shows promoters increasing their holdings from 48.36% in the Sept. 2022 quarter to 48.42% in the Dec. 2022 quarter, while FII/FPI increased from 4.53% in Q2 FY2023 to 3.72% in Q3 FY2023. Increased holdings to %. Mutual funds held steady at 0.01% in 2Q2023, while institutional investors reduced their holdings from 5.60% in 2Q23 to 4.67% in 3Q23.