Rekha Jhunjhunwala Portfolio Stock To Turn Ex-Dividend This Week: Do You Own?

Raghav Productivity Enhancers is a small cap company that recorded a market cap of Rs 1,192.33 Cr on Friday's closing session. The company manufactures casting powder, neutral ramming mass, silica ramming mass, acidic premix ramming mass, and more. For the fiscal year that ended on March 31, 2023, the company's board of directors has recommended to its shareholders a final dividend of Rs. 1.00 per equity share at a face value of Rs 10 apiece.

As per the data available on BSE, Raghav Productivity Enhancers has fixed 08/07/2023 as the record date for the purpose of dividend and 07 July 2023 has been finalized as ex-dividend date.

The company recorded a net income of Rs 34.47 Cr during Q4FY23 up by 7.71% YoY from Rs 32.01 Cr in Q4FY22. The company said its net profit reached Rs 7.11 Cr during the quarter ended March 2023 up by 40.21% YoY from Rs 5.07 Cr during the quarter ended March 2022. Whereas, during the year ended FY2023 its net income was Rs 137.82 Cr up by 35.78% YoY from Rs 101.51 Cr in the year ended FY2022. Raghav Productivity Enhancers said its net profit was Rs 25.21 Cr in 12MFY23 up by 41.40% YoY from Rs 17.83 Cr in 12MFY22.

On Friday, the shares of Raghav Productivity Enhancers closed on the BSE at Rs 1038.95 apiece down by 2.42% from the previous close of Rs 1064.70. The stock made a 52-week-high of Rs 1,180.00 on (16/01/2023) and a 52-week-low of Rs 481.00 on (04/07/2022), indicating that at the current market price, the stock is trading 116% above the 1-year low and 11.95% below the 1 year high.

During Q4FY23, the company recorded promoter shareholding of 62.92% and public stake of 37.09%. As per the shareholding pattern of Raghav Productivity Enhancers for January to March 2023 quarter, Rekha Jhunjhunwala - wife of late ace investor Rakesh Jhunjhunwala held 6 lakh shares or 5.23% stake in the company. Raghav Productivity Enhancers is also a portfolio stock of Mukul Agrawal and Ashish Kacholia. During the said quarter, Mukul Agrawal held 1,78,074 fully paid up equity shares or 1.55% stake and Ashish Kacholia held fully paid up equity shares of 2,31,683 or 2.02% stake in the company.