Multibagger Small-cap Company Announced Dividend and Stock Split

Shares of Visco Trade Associates Ltd (BSE: 540097), a small-cap stock engaged in the financial services industry, hit the upper circuit of 5% as it announced its first interim dividend of Rs. 1 and stock split in a 1:5 ratio.

Visco Trade Associates shares have increased by 4.15% in the last 5 days, 77.81% in the last three months, and over 100% in the last 5 months. The last trading price of the share in BSE is Rs 234.80. Its 52-week high is Rs 286.50 and its 52-week low is Rs 72.

Visco Trade Associates Declares Interim Dividend

The company’s board has declared a 1% interim dividend of Rs. 1/-(Rupee One only) per equity share for 2023-2024, subject to TDS deduction. The record date for the interim dividend has been fixed as April 05, 2024.

Visco Trade Associates Recommends Stock Split

The Board has also approved the proposal to split/sub-divide the company’s face value shares of Rs. 10/- each face value Rs. 2/- each, subject to the approval of the company’s members. The record date of split/sub-division of shares has not been decided yet. An Extraordinary General Meeting (EGM) is scheduled for April 29, 2024.

Visco Trade Associates Share Performance

Shares of Visco Trade Associates were listed on BSE in Aug 20203 and since its listing, it has delivered marvelous returns. Shares of Visco Trade Associates have surged more than 1400% since listing. A consideration of the stock’s recent performance shows that its share price doubled in just five months, and more than 190% growth in the last ten months.

PeriodClosingGrowthReturns on ₹1 Lakh

In the last 12 months, it has increased investors’ money more than 2.7 times. If you had invested ₹1 lakh in it twelve months ago, the value of those shares would have increased to ₹276,691 today.

Visco Trade Associates Shares Performance in 2024 YTD

MonthOpeningClosingGain/ Fall
Total Returns in 202456.64%

Visco Trade Associates’ share price was ₹149.90 in January and today it is trading at ₹234.80 representing a total gain of 56.64% in 2024 YTD.

₹1 Lakh Became ₹15 Lakh in less than 4 Years

The table below shows the company’s absolute returns and CAGR growth from the listing. You can also check that if someone has invested a lump sum of Rs 1 lakh then what is the value of those shares today…

PeriodGrowthCAGRReturns on ₹1 Lakh
  • Visco Trade Associates shares have increased more than 450% in the last 2 years.
  • Shares of Visco Trade Associates have increased investors’ money more than 15 times in the last three.
  • The value of shares of investors who had invested Rs 1 lakh in it on the day of listing has increased to ₹ 1,539,672 (₹ 15 lakh) today.
  • The CAGR growth of the stock since the listing is 112.93%.

Visco Trade Associates Share Performance (Year-wise)

YearOpenCloseGain/ Fall
Share Market investment and Trading
Visco Trade Associates Limited is engaged in investment activities, share trading, and loan services.

About the Company

Established in 1983, Visco Trade Associates Limited operates as a non-banking financial company (NBFC) specializing in investment activities, share trading, and loan services. The company is recognized for its expertise in investing in various financial instruments including shares, debentures, bonds, and other securities issued by Indian companies.

In addition, Visco Trade Associates Limited provides financial assistance through short-term and long-term loans using various types of assets such as land, buildings, machinery, and government securities.

Market Cap₹ 113 Cr.
Current Price₹ 235
High / Low₹ 286 / 72.0
Intrinsic Value₹ 792
Book Value₹ 156
Face Value₹ 10.0
ROCE-5.69 %
ROE-13.4 %
EPS₹ 40.1
P/B Value1.50
Dividend Yield0.00 %
Stock P/E5.86
Industry PE19.3
OPM13.6 %
Quick Ratio2.55
Debt₹ 106 Cr.
Debt to equity1.41
Current liabilities₹ 1.62 Cr.
Current assets₹ 91.2 Cr.
Return on Assets-8.31 %
Reserves₹ 70.3 Cr.
Cash Equivalents₹ 3.60 Cr.
Inventory₹ 87.1 Cr.

December Quarter Result

Dec 202223.0002%
Sep 202370.00815%
Dec 202368.001225%

Shareholding Pattern

Mar 20214.76%95.24%
Mar 20224.76%95.24%
Mar 202365.00%35.01%
Jun 202365.00%35.02%
Sep 202365.00%35.00%
Dec 202367.15%32.85%

Disclaimer: This article is written for informational purposes only, do not consider it any investment advice.

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