This smallcap lubricant stock, already a multibagger, turns ex-dividend on November 21

Veedol Corporation, a smallcap prima successful the lubricant industry, has cemented its estimation arsenic a multibagger banal with robust show and accordant shareholder rewards. The institution is acceptable to crook ex-dividend connected November 21, 2024, aft declaring an interim dividend of Rs 20 per share. This brings its full dividend payout for the twelvemonth to an awesome Rs 52 per share, showcasing its fiscal spot and committedness to rewarding investors.  

A multibagger with a proven way record  

With a marketplace capitalization of Rs 3,500 crore, Veedol Corporation stands retired successful the competitory lubricant sector. Its fiscal metrics bespeak a coagulated foundation:  
- P/E Ratio:12.5x, signalling charismatic valuations compared to manufacture peers  
- Debt-to-Equity Ratio: Low, highlighting prudent fiscal management  
- Return connected Equity (ROE): Exceeding 20 per cent, showcasing businesslike superior utilization  

The company’s absorption connected maintaining a beardown equilibrium expanse and delivering accordant profitability has translated into multibagger returns for its investors implicit time.  

Recent show and method outlook  

In the past six months, Veedol’s banal has gained implicit 15 per cent, driven by its resilient show and sectoral tailwinds. On November 20, it closed astatine Rs 1,200, down marginally by 0.5 per cent owed to nett booking. Analysts foretell that the banal mightiness stay range-bound station its ex-dividend day but spot country for further appreciation, fixed its beardown fundamentals and robust currency travel growth.  

Should you put successful Veedol Corporation?  

For semipermanent investors, Veedol Corporation presents a compelling lawsuit with its dependable financials, accordant growth, and charismatic dividend yield. Existing shareholders tin proceed to payment from its shareholder-friendly policies and marketplace stability.  

New investors, however, mightiness see entering aft a imaginable terms dip pursuing the ex-dividend date. With its proven way record, beardown operating currency flow, and debased debt, Veedol Corporation is poised to stay a person successful the smallcap lubricant assemblage and a reliable wealthiness creator.