Multibagger Small Cap Stock Declares Rs 28/Share Dividend, Fixes Record Date

Small cap stock, ESAB India Ltd declared second interim dividend of Rs 28 per share of Rs 10 each for the financial year 2023. The stock rallied 371% in last 5-years. The company is expected to pay the announced interim dividend on or before March 10, 2023. Check details below:

1. ESAB India Ltd Declares Dividend

According to the BSE filing of the company, "the Board of Directors of the Company at its meeting held today i.e., 10 February 2023 has declared Second Interim Dividend of Rs.28/- per equity share of Rs.10/- each (280%) for the financial year ending 31 March 2023 resulting in an outflow of Rs. 43,10,04,560/- (subject to deduction of tax at source where applicable). The said Second Interim Dividend declared by the Board of Directors would be paid to the equity shareholders on or before 10th March 2023."

2. ESAB India Ltd Stock Performance & Return

The last trading price of the stock is Rs 3883.95 apiece. Its 52-week high is Rs 4304.35 apiece and 52-week low is Rs 2645.25 apiece, respectively. The company has a market capitalisation of Rs 5,978.57 crore.

The stock gave a return of 23% in last 3-months, 25% in last 1-year, 131% in last 3-years, and 371% in last 5-years.

3. ESAB India Ltd About

ESAB India Ltd is a renowned supplier of welding and cutting products in India. It is engaged in the business of welding consumables which includes welding electrodes copper coated wires and welding fluxes and of welding equipment which includes welding machines and cutting equipment.

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