This small-cap chemical stock delivered over 300% returns to its investors in the last 2 years!

This small-cap chemical stock delivered over 300% returns to its investors in the last 2 years!

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 553 Views
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An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.3 lakh today.

Vishnu Chemicals Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price has jumped from Rs 59.86 on 1st April 2021 to Rs 262.20 on 28 March 2023, an increase of 338% in the two-year holding period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.3 lakh today. 

Recent performance highlights

In the recent quarter Q3FY23, on a consolidated basis, the company’s net revenue increased by 9.16% YoY to Rs 324.4 crore. Similarly, the bottom line increased by 29% YoY to Rs 31.74 crore. 

The company is currently trading at a TTM PE of 12.09x, as against the industry PE of 25.45x. In FY22, the company delivered an ROE & ROCE of 34.4% and 23.90% respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 1,571.80 crore. 

Company Profile 

Vishnu Chemicals Limited is engaged in the business of manufacturing, marketing and export of Chromium chemicals (85% of the revenue) and Barium compounds (15% of the revenue) across the world. With its headquarters in Hyderabad, the company caters to the needs of more than 12 industries across 57 countries globally. 

The company’s supply footprint includes all the major geographies such as Asia, China, South East Asia, Europe, UK, North, South and Central America, and Africa among others. 

Growth drivers   

Chromium chemicals segment- Owing to the benefits of untarnished, uniform and corrosion-resistant properties of chromium chemicals, their usage in several industries is on a rise. 

Barium compounds segment- The rising preference for a luxury living has increased the demand for ceramic tiles, which in turn has fueled the demand for barium carbonate. 

Share price movements  

Today, the scrip opened at Rs 263.75 and has touched a high and low of Rs 265 and Rs 260, respectively. So far 9291 shares have been traded on the bourses. 

At 12.07 pm, the shares of Vishnu Chemicals Ltd were trading at Rs 262.40, an increase of 0.08% from the previous day’s closing price of Rs 262.20 on BSE. The stock has a 52-week high & low of Rs 429.40 and Rs 245.05 respectively on BSE. 

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