Multibagger small-cap stock reports stellar numbers in Q4 & FY23 results; Board announced stock split and dividend!

The stock has a PE of 15.07x whereas the sectoral PE is 58.02x with a ROE of 26.07 per cent and a ROCE of 23.95, all of this showcases impressive managerial performance.

BCL Industries Ltd, a subsidiary of The Mittal Group, operates in the edible oil and distillery industries in India. The announced its Quarterly Results and annual results for the year ended March 31, 2023.

Here are the details:

According to the quarterly results, the company reported a revenue of Rs 456.96 crore in Q4FY23. The net profit increased by 7.68 per cent to Rs 24.60 crore in Q4FY23 compared to Rs 22.85 crore in Q4FY22.

According to the annual results, the company reported a revenue of Rs 1,819.91 crore in FY23. The company reported a net profit of Rs 64.36 crore in FY23 compared to 84.77 crore in FY22. The EPS stood at Rs 27.45 for FY23.

Additionally, the Board have approved the splitting of the face value of the shares from Rs 10 to Rs 1 per share, subject to the approval of the shareholders and other statutory approvals.

Furthermore, the Board recommended an equity dividend of Rs 5 per share of face value of Rs 10 each i.e., 50 per cent for the financial year ended March 31, 2023.

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On Monday, shares of BCL Industries Ltd plunged 3.50 per cent to Rs 446.10 per share with an intraday high of Rs 471.05 and an intraday low of Rs 442.05.

The stock has a PE of 15.07x whereas the sectoral PE is 58.02x with a ROE of 26.07 per cent and a ROCE of 23.95, all of this showcases impressive managerial performance.
The stock gave multibagger returns of 210 per cent in just 2 years whereas BSE Small-Cap Index is up by 28.85 per cent. Investors should keep an eye on this stock.