Balmer Lawrie Investment Limited Buyback 2023
Balmer Lawrie Investments Limited is also a non-banking financial Company as defined under section 45-I(f) of the Reserve Bank of India Act, 1934. Balmer Lawrie Investments Limited, is presently under the administrative control of the Ministry of Petroleum & Natural Gas, Government of India. The Company as on the date of its reporting has two subsidiaries namely, Balmer Lawrie & Co. Ltd. and Visakhapatnam Port Logistics Park Limited (VPLPL) (since VPLPL is the subsidiary of Balmer Lawrie & Co. Ltd.). The Equity shares of the Company are listed on BSE Limited.
Buy Back Offer Deal:
| Date of Board Meeting approving the proposal: | May 30 2023 |
| Date of Public Announcement: | May 30 2023 |
Details of Buyback:
Board decided not to recommend Buy back of shares of the Company.
Salient financial parameters:
| Particulars (in Cr) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| Sales | 1,817 | 1,573 | 1,563 | 2,074 |
| Expenses | 1,547 | 1,347 | 1,413 | 1,890 |
| Operating Profit | 270 | 226 | 150 | 184 |
| OPM % | 15% | 14% | 10% | 9% |
| Other Income | 58 | 59 | 79 | 72 |
| Interest | 7 | 15 | 12 | 14 |
| Depreciation | 30 | 52 | 55 | 56 |
| Profit before tax | 290 | 218 | 162 | 186 |
| Tax % | 30% | 26% | 26% | 26% |
| Net Profit | 202 | 161 | 121 | 138 |
| EPS in Rs | 57.91 | 47.63 | 35.92 | 39.88 |
| Dividend Payout % | 59% | 79% | 106% | 75% |
How to Participate in buyback?
Board decided not to recommend Buy back of shares of the Company
Profit from the buyback on the bases of acceptance Ratio:
Board decided not to recommend Buy back of shares of the Company
Recommendation:
Board decided not to recommend Buy back of shares of the Company
14 Comments
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Cancelled 😲
No buyback
No bonus
Dividend 33rs per share
Dividend of ₹ 33/ per share is unbelievable. Better than Buyback., I feel. Don’t know how the market will react which is what matters to those, particularly the small and gullible who may have bought recently. Best of luck for them 😃
Where did you see 33rs divident?…i saw 7.50 rs divident per equity share….
₹ 7.5/ per share dividend payment is by Balmer Lawrie and co. ₹ 33/ is by Balmer Lawrie Investment Ltd.
Thank you Patel ji for your prompt update 🙏
BUYBACK CANCELLED.
Daughter had abortion. No problem Mother may deliver even twins ♊ All in God’s hands as they say 😄👏
Daughter has abortion. No problem Mother may deliver even twins ♊ All in God’s hands as they say 😄👏
Anything and everything will be good news 😁 No early bird catching up anyway 😄
I think sense has prevailed after the nonsense of last week. All the best for all those who bought this shares in the hope of Buyback. Suggestion is not to buy until the details are known.
Sorry this one is another entity. Looking like the parent company. Let us wait for the outcome of the Board meeting tomorrow. Hope SRK Ji will come out with some good news this time 😉
It’s amazing that the share price has not fallen after the announcement of the cancellation of the buy back.Infact, it has gone up since last couple of days. May be due to the dividend of ₹ 7.5/ per share. Any other likely reason?.
The above mentioned comment is about the other one, ie, Balmer Lawrie and co Ltd. Error made is regretted.