2,550 per cent returns in this multibagger stock; Board announced stock split and stellar dividend!
The stock is up by 60 per cent in just 6 months years and over 1,000 per cent in 3 years.
BCL Industries Ltd, a subsidiary of The Mittal Group, operates in the edible oil and distillery industries in India, announced that 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.
The company's financial report shows that in Q4FY23, they had a revenue of Rs 456.96 crore. For the full FY22-23, the revenue amounted to Rs 1,819.91 crore. In terms of net profit, there was a 7.68 per cent increase in Q4FY23 to Rs 24.60 crore compared to Rs 22.85 crore in Q4FY22. The net profit for FY23 was Rs 64.36 crore, lower than the previous fiscal year's Rs 84.77 crore.
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On Friday, shares of BCL Industries Ltd plunged 1.27 per cent to Rs 505 per share with an intraday high of Rs 521.15 and an intraday low of Rs 501. The stock has a 52-week high of Rs 536.35, while its 52-week low is at Rs 276.15.
The shares of the company have a PE of 16.94x whereas the sectoral PE is 38.40x with a ROE of 20 per cent. The stock is up by 60 per cent in just 6 months years and over 1,000 per cent in 3 years. Furthermore, over the course of a decade, the stock yielded remarkable returns of 2,550 per cent to its investors. Investors should keep an eye on this Small-Cap stock.