1:10 Stock Split, Rs 5/Share Dividend: Small Cap FMCG Stock Soars 1095% In 3-Yrs

Small cap company operating in Agro Processing sector, BCL Industries Ltd declared Rs 5 per share dividend and stock split in the ratio of 1:10 on May 29, 2023. BCL Industries share rallied 1.34% in morning trade to Rs 452.10 apiece on BSE. BCL Industries stock gave return of 209% in last 2-years. Check details below:

BCL Industries Announces Dividend: According to the BSE filing of BCL Industries, "Recommended an equity dividend of Rs. 5 per share of face value of Rs.10/- each i.e. @ 50% for the financial year ended March 31, 2023, on Equity Shares belonging to Public Category as the Promoters & Promoters Group have waived/forgone his/their right to receive the dividend by him/them for financial year 2022-23, which shall be subject to declaration by the Members at the 47th AGM of the Company. The Dividend, if declared at the AGM, shall be paid to the shareholders within 30 days of declaration of the same."

BCL Industries Declares 1:10 Stock Split: As per the regulatory filing of BCL Industries, "Approved the splitting of the face value of the shares from Rs. 10 to Rs. 1 per share, subject to approval of the shareholders and other statutory approvals."
BCL Industries Q4: The company declared its net profit for Q4 FY23 at Rs 24.31 crore, up 6.38% as against Rs 22.85 crore declared in the corresponding quarter of last year. BCL Industries said its net income stood at Rs 457.67 crore for the quarter ended March 2023 as against Rs 509.99 crore announced in March 2022.

BCL Industries Stock Performance & Return: Current market price of BCL Industries share is Rs 452.10 per share with intraday surge of 1.34%. BCL Industries stock 52-week high price is Rs 476.00 per share and 52-week low price is Rs 276.15 per share, respectively. The company has a market capitalisation of Rs 1,091.82 crore. BCL Industries shares gave return of 40% YTD, 23% return in last 1-year, 209% return in last 2-years, and 1095% return in last 3-years.

BCL Industries About: The company is engaged in manufacturing of vanaspati ghee, refined edible oils, solvent extracted oils, rice bran oils, and parboiled rice, rice bran de-oiled cakes.