Dividend Stock: Small Cap Pharma Stock Will Trade Ex-Dividend Next Week, Shares Up 442% In 3 Years

Panchsheel Organics Shares will trade ex-dividend in the coming week, starting Monday (December 4). The share price of Panchsheel Organics Ltd closed 0.62% higher at Rs 194.80 per share on Friday. At this price, the small-cap pharma company has a market capitalization of Rs 229.51 crore. In the last three years, returns from the share price of Panchsheel Organics Ltd have gained 442.17%.

Panchsheel Organics declared an interim dividend of Rs 0.8. The stock will trade ex-dividend on Monday, December 4.

The ex-dividend date is the date when a stock starts trading sans the subsequent dividend value. Investors and shareholders of companies keenly await for a stock to trade ex-dividend as it holds special importance in terms of investment perspective.

Investors who bought the stock before the ex-dividend date are eligible for the next dividend payment while those who bought the stock on the ex-dividend date, or after, are not entitled to receive the next dividend payment.

In an exchange filing on November 21, 2023, the company said, "The Board of Directors of the Company at its meeting held on Friday, November 10, 2023, has declared an interim dividend of Rs. 0.80/- per share on Equity Shares of face value of Rs. 10/- each for the financial year 2023-24, which is 8% of paidup share capital."
"The Board of Directors have fixed Monday, December 04, 2023, as the record date for the purpose of payment of Interim dividend," it added.

Panchsheel Organics Stock Performance & Return:

In the last one year, returns from Panchsheel Organics have fallen 30.05%, while in this year so far the stock is down 24.45%. The last 3-year and 5-year returns from the stock stand at 442.17% and 528.39% respectively. In the last 10 years, the stock has gained 1848%.

Panchsheel Organics shares are up 11.99% in the last six months.

About Panchsheel Organics Limited:

Panchsheel Organics Limited is an India-based company engaged in the manufacturing and exporting of active pharmaceutical ingredients (APIs), intermediates, and finished formulations. The company was founded in 1990 by the Turakhia Bros Group, which has a 35-year track record in the pharma industry.

The company has established itself as a prominent player in the manufacturing of Active Pharmaceutical Ingredients (APIs) with its state-of-the-art manufacturing plant and a strong R&D setup located in Indore, Madhya Pradesh. Panchsheel Organics' impressive client portfolio, including leading domestic manufacturers and MNCs like Zydus, Abbott, Swiss Garnier, Ajanta Pharma, etc. underscores its strong market presence and reliability as a strategic partner.