Small Cap FMCG Stock Soars 1100% In 3 Yrs, Board Recommends Rs 5/Share Dividend; Details Inside

The Board of Directors of BCL Industries Ltd. in a meeting held on Monday, May 29, 2023, recommended a Dividend of Rs. 5/share of face value of Rs. 10 each i.e. 50% for the financial year 2022-23 ended March 31st, 2023. According to the filing, the Dividend, if declared at the 47th AGM, shall be paid to the shareholders within 30 days of the declaration of the same.

BCL Industries Ltd is an FMCG sector company that operates in the edible oil and distillery business in India. It is a small cap firm with a market capitalisation of Rs. 1,120.25 crore.

50% Dividend

According to the regulatory filing by the Board of Directors of BCL Industries Ltd., "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."

Stock Outlook

On Thursday, the share price of BCL Industries last traded 462.15 apiece, up 1.84% from its previous close of Rs. 453.80 apiece. The stock traded its new 52 week high on 22 May 2023 at Rs. 478.95 apiece, while its 52-week low on 15 November 2022 at Rs. 278.65 apiece.

The stock has given 25.04% positive return in the past 1 year. Whereas, it has given 1149.26% multibagger return in the past 3 years. It has given 296.56% positive return in 5 years.

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