2.64% Yield: Multibagger Diversified PSU Likely To Declare Bonus Share, Dividend; Stock Split

Small cap public sector undertaking from the diversified sector, Balmer Lawrie & CO.LTD. share gained 0.91% in trade today on BSE to Rs 283.95 per share. In last 2 weeks, Balmer Lawrie share jumped 10% and 128% in last 1-years. The Board Of Directors of Balmer Lawrie issued BSE filing on May 6 informing shareholders about its upcoming meeting on May 28 to consider financial results, dividend, bonus share, and conduct stock split too. The company will also consider the proposal of buyback of shares on May 28. The PSU offers a dividend yield of 4.39%. More details below:

Balmer Lawrie To Consider Bonus Share, Dividend, Buyback, Stock Split, Financial Results: As per the BSE filing of the company dated May 6, 2024, "a Meeting of the Board of Directors of the Company is scheduled to be held on Friday, 28th May, 2024, inter-alia, to:

i. Consider the Audited Financial Results (both Standalone and Consolidated) of the Company for the Fourth Quarter and Financial Year ended on 31 st March, 2024 (subject to prior review by the Audit Committee of the Company).

ii. Consider the recommendation of dividend on the Equity Shares of the Company for the Financial Year ended on 3 I" March, 2024, if any, which subsequently upon declaration by the Shareholders at the ensuing Annual General Meeting would be paid to the Shareholders of the Company within 30 days from the date of such declaration.

iii. Review of the compliance of Guidelines on Capital Restructuring of Central Public Sector Enterprises (CPSEs) by Ministry of Finance, Department ofInvestment & Public Asset Management (DIP AM), in course of which, analysis/deliberation regarding Buy back of shares, issuance of Bonus Shares and splitting of shares of the Company may also take place."

Balmer Lawrie Dividend History: Balmer Lawrie & Company announced 23 dividends since September 4, 2001. In last 1-year, Balmer Lawrie & Company Ltd. announced an equity dividend amounting to Rs 7.50 per share. At the current share price of Rs 283.6000, Balmer Lawrie & Company Ltd offers a dividend yield of 2.64%.

Balmer Lawrie Share Performance: The 52-week high price of Balmer Lawrie share on BSE is Rs 293.80 per share (as on 07/05/2024) and 52-week low price is Rs 122.25 (as on 09/05/2023), respectively. The company has a market capitalisation of Rs 4,849.67 crore. The PE is 22.98 and ROE is 15.88. Balmer Lawrie shares rallied 91% in last 6-months and soared 128% in last 1-year. In last 2-years, Balmer Lawrie shares zoomed 146% and rose 154% in last 5-years.

Balmer Lawrie About: Founded by two Scotsmen, Stephen George Balmer and Alexander Lawrie, in Kolkata, Balmer Lawrie & Co. Ltd. started its corporate journey as a Partnership Firm on 1st February 1867. Traversing the years gone by, today Balmer Lawrie is a Miniratna I Public Sector Enterprise under the Ministry of Petroleum & Natural Gas. The Company completed 150 years on 1st February 2017. It holds a rare distinction of having earned profits year after year, without a single year of loss since inception. Balmer Lawrie is a market leader in Logistics, Steel Barrels, Specialty Greases & Lubricants, Travel & Vacations and Leather Chemicals, according to its LinkedIn page.

Disclaimer:

The stock just highlights the dividend, stock split, buy back, bonus issue, 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.