Vinyl Chemicals Pidilite

Pidilite industries held 50 62 per cent stake in vinyl chemicals while individual public shareholders held 40 90 per cent in the company as on march 2020 the shareholding pattern data shows.

Vinyl chemicals pidilite. For the quarter ended december 2019 vinyl chemicals had reported a 23 per cent year on year decline in profit before tax pbt at rs 5 21 crore compared. Vinyl chemicals india ltd has been growing its sales at a good pace of 25 30 year on year since fy2009 after it sold its manufacturing plant to pidilite industries ltd. Besides a shareholder having less than 501 equity shares of vinyl chemicals india would be allotted one cumulative redeemable of preference share in pidilite of rs 10 each for every equity share held in vinyl chemicals india ltd. The company is currently engaged in the business of trading in chemicals viz.

Current status of vinyl chemicals india limited is active. Vinyl chemicals deals with adhesives for plastics and specialty chemicals. Vinyl chemicals india limited 0 01 pidilite industries limited. Vinyl chemicals looks interesting stock idea.

For the year ending march 2020 vinyl chemicals india has declared an equity dividend of 240 00 amounting to rs 2 4 per share. However since then it has become a purely trading company whose only job is to import vinyl acetate monomer vam and sell it in india. That is right in fact pidilite industries is the promoter of this company and of 50 percent of the promoter stake pidilite is direct. Vinyl acetate monomer vam.