Board to Review Stock Split and Dividend Proposal on February 26
Shares of Vesuvius India Ltd. (NSE: VESUVIUS) surged 7.3% on February 20, 2025, after the company announced that its board of directors will convene on February 26 to consider a stock split for the first time in its history. In addition to the stock split, the board will also deliberate on issuing a dividend to its shareholders.
At 1:00 PM, shares of Vesuvius India were trading at ₹3,857.9, reflecting a significant increase from the previous session’s closing price.
Vesuvius India’s First-Ever Stock Split Proposal
- Face Value of Shares: Vesuvius India’s shares currently have a face value of ₹10 each.
- No Prior Bonus Issues: The company has never issued bonus shares to its investors.
- Total Dividend Distribution: Over the past five years, the company has distributed a cumulative ₹43 per share in dividends.
A stock split typically enhances liquidity and affordability for retail investors, making shares more accessible. Given the company’s history of not issuing bonus shares, this potential split marks a major milestone for its shareholders.
Stock Performance and Market Reaction
Despite the surge in February 2025, Vesuvius India’s stock has dropped by 40% from its all-time high of ₹5,999, recorded in September 2024. The announcement of a stock split has rekindled investor interest, driving strong buying momentum in the market.
About Vesuvius India Ltd.
Vesuvius India Ltd. is a subsidiary of the UK-based Vesuvius Plc, a leading global player in materials engineering and refractory solutions. The company specializes in manufacturing and servicing high-performance refractory goods used in high-temperature industrial processes, including:
- Steelmaking
- Foundries
- Cement production
Its product portfolio includes shrouds, stoppers, precast products, nozzles, and crucibles—essential components in metallurgical and heavy industrial applications.
India: A Strategic Growth Market for Vesuvius Group
Chairman Biswadip Gupta emphasized India’s strategic importance in the company’s global growth strategy. He stated in 2024:
“India has always been a strategic market for the group. The manufacturing capabilities in India will enhance our competitive position in the country and also contribute to the socio-economic development of the communities where we operate.”
What Lies Ahead?
The board meeting on February 26 will provide clarity on Vesuvius India’s stock split ratio, dividend declaration, and its future expansion strategy. Investors will keenly watch for:
- Stock split details and potential impact on liquidity
- Dividend payout decision
- Company’s long-term growth roadmap in India
With strong industrial demand, growing market presence, and shareholder-friendly initiatives, Vesuvius India remains a key player in the refractory materials industry. The upcoming board meeting could mark a significant turning point in its market trajectory.
