High ROE & high ROCE micro-cap stock; Board likely to announce bonus shares & dividend!

The stock has an ROE of 54 per cent and an ROCE of 56 per cent.

Clara Industries Ltd informed that The Board of Directors will be held on Monday, May 06, 2024, at 3.00 P.M to consider and approve the following including any other incidental matters thereto:

• To consider and approve the audited financial results of the company (half-yearly results – H2FY24) and (annual results - FY24) ended on March 31, 2024.
• To consider payment of interim dividend on the equity shares of the company declared.
• To consider a proposal for the issue of bonus shares to the equity shareholders of the company in the ratio, as it may deem fit by way of capitalization of reserves, subject to the approval of shareholders.
• To appoint a secretarial auditor of the company for the financial year 2024-25.
• To appoint an internal auditor of the company for the financial year 2024-25.
• Any other matter with the permission of the chair.

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Established in 2014, Clara Industries Ltd is an Indian manufacturer specializing in industrial packaging solutions. Their product range includes various plastic materials like LDPE, HDPE, and PP. They produce items like bags, tapes, films, mats, and even bottles. Clara Industries caters to a diverse clientele across FMCG, consumer goods, hardware, hospitality, and more, with brand names like Delicious, Vikas, and Swadisht trusting their packaging solutions.

Talking about the financials, Clara Industries has a market cap of Rs 99.44 crore. In FY23, net sales skyrocketed 212 per cent and net profit skyrocketed 277 per cent over FY22. The stock has an ROE of 54 per cent and an ROCE of 56 per cent. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.