1:10 Stock Split, Rs 38 Dividend: President of India-Backed Holding PSU Set To Trade Ex-Split

Shares of small cap public sector undertaking from the holding sector, Balmer Lawrie Investments Ltd share will soon trade ex-split in the ratio of 1:10. The record date for 1:10 stock split is August 9, 2024. The company also recommended a dividend of Rs 38 per equity share with record date yet to be declared. Last trading price of Balmer Lawrie Investments shares on BSE is Rs 960.45 per share. Balmer Lawrie Investments Ltd shares offered return of 91% year-to-date and rose 129% in last 1-year. Its market capitalisation stood at Rs 2131.94 crore.

FII/FPI have increased holdings from 1.08% to 1.33% in June 2024 quarter. Number of FII/FPI investors increased from 41 to 50 in June 2024 quarter. Institutional Investors have increased holdings from 1.22% to 1.47% in June 2024 quarter, according to Trendlyne. Check key details below:

Balmer Lawrie Investments Recommended 1:10 Stock Split: The company on May 28 approved stock split in the ratio of 1:10 and fixed August 9, 2024 as the record date.

President of India's Stake In Balmer Lawrie: President of India holds 59.67% of the Company's total Paid Up Equity Capital. The company has two subsidiaries namely, Balmer Lawrie & Co. Ltd, and Balmer Lawrie (UK) Ltd (a subsidiary of Balmer Lawrie & Company Ltd).

Balmer Lawrie Dividend: Board of Directors of Balmer Lawrie on May 28, 2024 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 Dividend History: Balmer Lawrie Investments 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. At the current share price of Rs 960.45, Balmer Lawrie Investments offers a dividend yield of 3.44%.

Balmer Lawrie Investments Q4: Balmer Lawrie investments declared its net profit at Rs 1.81 crore for the March 2024 quarter, up 13.8% as against Rs 1.59 crore declared in the corresponding quarter of last year. Net sales of Balmer Lawrie Investments for March 2024 quarter announced at Rs 2.71 crore, up 11.13% from 2.44 crore declared in the corresponding quarter of last year. The company's EBITDA for March 2024 quarter stood at Rs 2.44 crore, up 8.93% as against Rs 2.24 crore declared in the similar quarter of last year.

Balmer Lawrie Investments's EPS also zoomed to Rs 0.82 for March 2024 quarter as against Rs 0.72 declared in March 2023.

Balmer Lawrie Investments Share Performance: Balmer Lawrie Investments shares gained 34% in last 3-months, rose 62% in last 6-months, offered 149% return in last 2-years and zoomed 118% in last 5-years. The 52-week high price of Balmer Lawrie Investments share is Rs 983.00 per share (as on 26/07/2024) and 52-week low price is Rs 386.10 per share (as on 26/10/2023), respectively.

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 stock split, dividend 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.