Vinyl Chemicals Pidilite

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Vinyl chemicals pidilite.

The company is currently engaged in the business of trading in chemicals viz. Vinyl chemicals deals with adhesives for plastics and specialty chemicals. Out of total sales it sells about 80 to pidilite industries ltd. Vinyl chemicals looks interesting stock idea.

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. 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. 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.

For the year ending march 2020 vinyl chemicals india has declared an equity dividend of 240 00 amounting to rs 2 4 per share. Vinyl chemicals india limited a parekh group company was promoted by pidilite industries limited pil in 1986. 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. Current status of vinyl chemicals india limited is active.