After 2.25/Share Dividend, 1:3 Bonus Issue, Plastic Stock To Pay Dividend Again

Board of Directors of mid cap stock operating in plastic sector, Astral Ltd are scheduled to meet on October 18, 2023 to approve unaudited financial results (standalone and consolidated) of the Company for the second quarter and half year ended 30th September, 2023 and declare interim dividend for the financial year 2023-24. Astral Ltd fixed October 27, 2023 as the record date for the payment of interim dividend, if declared on October 18.

Astral To Meet On October 18 To Approve Financial Results, Declare Interim Dividend, If Any: According to the BSE filing of the company dated October 10, 2023, "With reference to the captioned subject matter, we are pleased to inform you that the Meeting of the Board of Directors of the Company will be held on Wednesday, 18 inter alia, to consider the following:

1. Approve the Unaudited Financial Results (Standalone and Consolidated) of the Company for the second quarter and half year ended 30th September, 2023

2. Declaration of Interim Dividend for the financial year 2023-24.

We hereby inform that 27th October, 2023 shall be the Record Date for the purpose of payment of interim dividend, if declared by the Board of Directors for the Financial Year 2023-24 at its Meeting to be held on 18th October, 2023."
Astral Ltd Dividend History, Bonus Share History: Astral Ltd announced 30 dividends since June 9, 2008. In the last 12 months, Astral announced an equity dividend amounting to Rs 3.50 per share. At the current share price of Rs 1939.70, it offers a dividend yield of 0.18%. Astral gave 3 bonuses since Sept. 16, 2019. The last Bonus that Astral announced was in the ratio 1:3 with ex-date of March 14, 2023.

Astral Ltd Stock Outlook & Return: Current market price of Astral share on BSE is Rs 1939.70 per share on BSE with intraday gain of 0.27%. Its 52-week high price is Rs 2057.95 per share and 52-week low price is Rs 1297.90 per share, respectively. The company has a market capitalisation of Rs 52,046.33 crore. Astral shares rallied 4% in last 1-week, gained 35% in last 6-months, soared 31% YTD, gained 17% in last 1-year, and offered a rally of 192% in last 1-year. In last 5-years, Astral Ltd shares soared 385%.

Astral Ltd Financials: The company announced its net sales at Rs 1283.10 crore in June 2023, up 5.79% as against Rs 1212.90 declared in the corresponding quarter of last year. Its quarterly net profit was announced at Rs 119.80 crore in June 2023, up 34.76% as against Rs 88.90 crore declared in June 2022. The company's EBITDA stood at Rs 213.70 crore in Jue 2023, up 16.71% as against Rs 183.10 crore in June 2022.

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