Vesuvius India Ltd (VESUVIUS)

Vesuvius India Reports Strong Earnings and Plans Investment Boost - 01 May, 2024

Vesuvius India reports strong Q1 2024 earnings with revenue of ₹4.61b, up 25% YoY, and announces plans to double investment in India to Rs 1,000 crore. Brokerage firm Monarch Networth Capital anticipates sustained momentum in sales volume growth.

Vesuvius India Reports Strong Q1 Results, Stock Surges - 30 Apr, 2024

Vesuvius India reported strong Q1FY24 results with a 23.9% YoY increase in net sales and a 58.7% YoY jump in net profit. The company also announced plans to invest around Rs 1,000 crore in India over the next few years. Analysts expect margins to remain buoyant at near 18% levels in calendar year 2025 and 2026. The stock surged up to 17%, erasing all losses of the year so far.

Vesuvius India Ltd's High P/E Ratio Raises Concerns - 20 Apr, 2024

Vesuvius India Limited has a high P/E ratio of 34.3x, which is higher than the market average. The lone analyst covering the company suggests earnings should grow by 12% over the next year, while the rest of the market is forecast to expand by 24%, placing shareholders' investments at significant risk.

Vesuvius India Inaugurates New Manufacturing Plant - 19 Apr, 2024

Vesuvius India has opened a new Mould Flux manufacturing plant in Visakhapatnam with an additional investment outlay of up to Rs 1,000 crore. The plant is designed to meet the increasing demand for flux, a vital component in the continuous casting process at steel plants.

Vesuvius India Plans Rs 1,000 Crore Investment - 18 Apr, 2024

Vesuvius India, part of the UK-based refractory maker Vesuvius Group, is set to invest around Rs 1,000 crore in India over the next few years. The company also opened a new mould flux manufacturing plant in Visakhapatnam to meet increased demand for flux.

Vesuvius India Declares Final Dividend - 10 Apr, 2024

Vesuvius India's Board of Directors has declared a final dividend of Rs 12.75 per equity share with the record date set for April 10.

Vesuvius India Declares Special Dividend of Rs. 15 per Share - 06 Apr, 2024

Vesuvius India Limited, a global leader in molten metal flow engineering and technology, has declared a special dividend of Rs. 15 per share equating to a 150% payout as compared to the face value of Rs. 10. The ex-dividend date is fixed for April 8th, 2024. The stock price rose by nearly 2.27% on BSE to Rs. 749.95.