1:5 Stock Split: Chemical stock in focus after board approves share split

Synopsis: Dhariwalcorp Limited has approved a 1:5 stock split, lowering the face value of its shares from ₹10 to ₹2 each and proportionally increasing the total number of equity shares in circulation.

This Micro-cap Chemical Stock, engaged in trading, manufacturing, and supplying waxes, candles, and industrial chemicals like paraffin wax, micro wax, and rubber process oil across India, is in focus after the company board approved a share split of 1:5.

With a market capitalization of Rs. 273.87 crores, the shares of Dhariwalcorp Limited hit a 2 percent lower circuit of Rs. 305.95 per share on Thursday, down from its previous closing price of Rs. 312.15 per share.

What is the News?

Dhariwalcorp Limited’s Board, in its December 10, 2025, meeting, approved a 1:5 stock split and increased the authorised capital to Rs. 25 crore, aiming to make shares more affordable and improve market participation.

The board has decided to issue a stock split at a ratio of 1:5, meaning that split of each equity share with a face value of Rs. 10 will be divided into 5 equity shares with a face value of Rs. 2 each.

For example, if a shareholder owns 1,000 shares valued at Rs. 10 each in Dhariwalcorp Limited, after the 1:5 stock split, their total holding will increase to 5,000 shares face value of Rs. 2 each. The value of the holding will remain unchanged.

Company Overview

Dhariwalcorp Limited was incorporated on June 14, 2020, as a private company in Jodhpur, Rajasthan. The company is originally part of the Dhariwal Group, founded by the Late Gautam Chand Dhariwal.

The company is engaged in trading, importing, exporting, processing, purchasing, and selling a wide range of waxes and industrial chemicals. It also manufactures and supplies candles, focusing on quality products for various industries.

Dhariwalcorp Limited is a diversified manufacturer and supplier of waxes and industrial chemicals. Its product range includes paraffin wax, micro wax, slack wax, carnauba wax, microcrystalline wax, beeswax, polyethylene and vegetable waxes, palm and soya wax, and petroleum jelly variants. 

The company also supplies liquid paraffin, refined glycerin, and stearic acid to industries such as plywood, candles, textiles, pharmaceuticals, cosmetics, and adhesives. With processing units and warehouses in Jodhpur, Bhiwandi, and Ahmedabad, Dhariwalcorp ensures efficient distribution across India and global markets.

Recent Quarter Results

Coming into financial highlights, Dhariwalcorp Limited’s revenue has increased from Rs. 113 crore in H2 FY25 to Rs. 119 crore in H1 FY26, which has grown by 5.31 percent. The net profit has also grown by 200 percent from Rs. 1 crore in H2 FY25 to Rs. 3 crore in H1 FY26.Dhariwalcorp Limited’s revenue and net profit have grown at a CAGR of 13.58 percent and 58.74 percent, respectively, over the last three years.

In terms of return ratios, the company’s ROCE and ROE stand at 18.5 percent and 16.4 percent, respectively. Dhariwalcorp Limited has an earnings per share (EPS) of Rs. 4.42, and its debt-to-equity ratio is 0.37x.

Written By – Nikhil Naik

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