Rs 38 Dividend, 10:1 Stock Split Recommended: Holding Sector PSU Reports 13.8% Rise In Net

Shares of small cap public sector undertaking from the holding sector, Balmer Lawrie Investments Ltd on Tuesday declined over 5% and 8% in last 1-week. The last trading price of Balmer Lawrie Investments share on BSE is Rs 851.60 per share. Balmer Lawrie Investments today recommended Rs 38 dividend and 10:1 stock split. The company announced its net profit for the quarter ended March 31, 2024 at Rs 180.91 crore, up 13.8% as against Rs 158.97 crore announced in the corresponding quarter of last year. More details below:

Balmer Lawrie Investments Recommends Dividend: As per the BSE filing of Balmer Lawrie dated May 28, 2024, "Board of Directors at its Meeting dated 28th May, 2024 has recommended a Dividend of Rs. 38/- (Rupee thirty eight only) per Equity Share on 2,21,97,269 Equity Shares of the Company for the Financial Year ended 31 st March, 2024. The said dividend, if declared by the Shareholders at the ensuing Annual General Meeting of the Company shall be paid within 30 days from the date of such declaration."

Balmer Lawrie Investments Recommends Stock Split: The company as per the regulatory filing considered and approved on May 28, "10:1 (10 Equity shares of Re. 1/- each against 1 existing Equity shares of Rs. 10/- each)."

Balmer Lawrie Investments Q4: The PSU declared its March 2024 quarter total revenue from operations at Rs 270.68 crore as compared to Rs 243.58 crore declared in the similar quarter of last year. Total income announced at Rs 270.68 crore as against Rs 255.03 crore announced in the same quarter of last year. Profit before tax of Balmer Lawrie for March 2024 quarter declared at Rs 244.17 crore from Rs 223.75 crore in March 2023.

Balmer Lawrie Dividend History: The company has announced 22 dividends since September 19, 2003. In last 1-year, Balmer Lawrie Investments announced an equity dividend amounting to Rs 33.00 per share. If the current share price of Rs 851.60 is taken into note, it offers a dividend yield of 3.88%, as per Trendlyne data.

Balmer Lawrie Investments Stock Outlook & Return: The 52-week high price of Balmer Lawrie Investments share is Rs 978.00 per share (as on 24/05/2024) and 52-week low price is Rs 386.10 per share (as on 26/10/2023), respectively. Its market capitalisation is Rs 1890.32 crore. In last 6-months, Balmer Lawrie Investments shares surged 69% year-to-date, gained 112% in last 1-year, and offered 127% return in last 2-years. Balmer Lawrie Investments shares zoomed 112% in last 5-years.

Balmer Lawrie About: Balmer Lawrie Investments Limited, is presently under the administrative control of the Ministry of Petroleum & Natural Gas, Government of India. The total strength of its Board is 3 (Three), all the Directors are Non-Executive Directors, out of which two are Government Nominee Directors and one is an Ex-officio - Non- Executive Director, according to its official website. It was incorporated on 20 September 2001 under the Companies Act, 1956, in which the President of India holds 59.67% of its total paid up equity capital.

Disclaimer: The stock just highlights the dividend, Q4 and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.