Penny stock in the packaging sector, Clara Industries will turn ex-dividend on June 6, for its first-ever dividend payout to the tune of Rs 0.50 per share. After dividend payout, the stock will also be in focus for its first ever bonus issuance in the ratio 4:1. Clara stock surged by a whopping 425% in a 5-year timeframe, making it a multi-bagger.
Clara Industries Share Price:
The penny stock ended at Rs 212 apiece, down by 2.2% on BSE with a market cap of Rs 87.65 crore. The stock's 52-week high and low is at Rs 264 and Rs 141.55 apiece respectively.
In the long term, Clara Industries has given robust returns. 5-year gains are approximately 424.75% from the stock. The stock was merely at Rs 40.40 apiece on December 31, 2021.
For example: An investment of Rs 50,000 5 years ago, will lead to earning profit of Rs 2,12,375 in the stock by now. This will lift the overall portfolio corpus to Rs 2,62,375.
As per Trendlyne data, the fundamentals of the stock are:
- Stock Price rose 2.91% and underperformed its sector by 73.29% in the past year.
- Return on Equity(ROE) for the last financial year was 10.19%, in the normal range of 10% to 20%.
- Interest Coverage Ratio is 78.57, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
- Debt to Equity Ratio of 0.04 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Promoter Share Holding stayed the same in the most recent quarter at 51.14%.
- Promoter Pledges are zero.
Clara Industries Dividend:
Clara has fixed June 6 as the record date for the interim dividend payout of 5% i.e. 0.50 paise per Equity Shares of fully paid of Rs. 10/-each.
This will be the first ever dividend payout by Clara. For this reward, only those investors will be eligible that hold Clara shares by the end of the record date in their demat accounts.
Clara Industries Bonus Issue:
Apart from dividend payout, Clara is also set to issue free bonus shares in the ratio of 4:1. This will multiply investors' wealth further.
As per the regulatory filing, the 4:1 ratio means that the company will issue (4) four bonus equity shares of the face value of Rs. 10/- (Rupees Ten only) for every 1 (one) fully paid-up equity share of Rs. I0/- (Rupees Ten only).
In the bonus shares, a total of 1,65,38,320 equity shares of Rs 10/- each fully paid-up are proposed to be issued.
The Bonus Shares will be issued out of Free Reserves available as of March 31, 2024. The company has reserves of up to Rs 37.09 crore.
About Clara Industries:
Based in Saharanpur, Clara Industries Limited is a group of companies with expertise in offering superior products & services primarily in the packaging domain. Our offerings also include expert consulting for the latest technology-driven to improve asset performance and client experience.
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