Small cap company from the electrical equipment sector, Bharat Bijlee on March 29, 2024 informed about its upcoming meeting of Board pertaining to announcement of financial results and recommendation of dividend.
Last trading price of Bharat Bijlee share on BSE is Rs 6409.45 per share with intraday rally of 4.57%.
Bharat Bijlee shares zoomed 18.82% in last 1-week only and offered multibagger returns of 165% in last 1-year. Earlier, Bharat Bijlee declared stock split in 1:2 ratio and record date for stock split is yet to be decided. The company declared attractive dividend of Rs 40 per share. Check details below.
What Is Stock Split? When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines. Companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.
Bharat Bijlee Approves Stock Split: As per the BSE filing of Bharat Bijlee dated Feb 14, “Sub-division / Split of existing 1 (One) Equity Share of face value of Rs 10/- (Rupees Ten only) each fully paid up, into 2 (Two) Equity Shares of face value of Rs 5/- (Rupees Five only) each fully paid up, subject to such regulatory / statutory approvals as may be required and the approval of Members of the Company, through Postal Ballot.”
Bharat Bijlee Dividend History: The company announced 19 dividends since August 1, 2001. In last 12 months, Bharat Bijlee announced an equity dividend of Rs 40.00 per share. At the current share price of Rs 6409.45, Bharat Bijlee’s dividend yield is 0.62%.
Bharat Bijlee Shares Performance & Return: The 52-week high price of Bharat Bijlee shares on BSE is Rs 6490.00 apiece and 52-week low price is Rs 2416.75 apiece, respectively. The company has a market capitalisation of Rs 3622.34 crore. Bharat Bijlee shares soared 30% year-to-date (YTD), gained 79% in last 6-months, surged 265% in last 2-years. In last 3-years, Bharat Bijlee stock gave return of 475%. The scrip soared 482% in last 5-years
Bharat Bijlee Financials: The company for the quarter ended December 31, 2023 declared its net profit at Rs 29.69 crore, up 28.58% as compared to Rs 23.09 crore in December 2022. The company’s net sales announced at Rs 423.74 crore for December 2023 quarter, up 9.2% as against Rs 388.03 crore declared in the corresponding quarter of last year. Its EBITDA stood at Rs 48.57 crore for the quarter under review, up 22.31% from Rs 39.71 crore in the same quarter of preceding fiscal. The company’s EPS soared to RS 52.54 in December 2023 from Rs 40.85 in December 2022.
Bharat Bijlee About: It is a pioneer in electrical engineering in India. Established in 1946, the company has two primary business segments: Power Systems that comprise Transformers and Projects divisions, and Industrial Systems segment comprising Electric Motors, Drives & Industrial Automation and Elevator Systems divisions. It caters to a spectrum of industries and the builders of the nation’s infrastructure: power, refineries, steel, cement, railways, machinery, construction and textiles. It also undertakes turnkey projects (switchyards) and is well positioned to provide complete ‘concept to commissioning’ services, according to its official website.
Disclaimer: The stock highlights the stock split, dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.
