Weizmann Limited Buyback 2024
1. Business Model: Weizmann Limited operates as a diversified conglomerate with interests in various sectors, including textiles, renewable energy, and financial services. The company follows an integrated business model that leverages synergies across its different divisions to drive growth and profitability.
2. Products and Services: Weizmann Limited’s core offerings include high-quality textiles such as cotton yarn and fabrics, renewable energy solutions, and financial services like money transfer and forex operations. The company is known for its commitment to sustainability and innovation in its product lines.
3. Branches and Subsidiaries: Weizmann Limited has a widespread presence with multiple branches across India, catering to various business segments. Its subsidiaries include companies focused on renewable energy and financial services, enhancing its market reach and operational capabilities.
4. Achievements: Over the years, Weizmann Limited has earned recognition for its contributions to the textile and renewable energy sectors. The company has consistently delivered strong financial performance and has been a pioneer in adopting sustainable practices across its operations.
5. Global Reach: With a robust export network, Weizmann Limited’s textile products have a significant presence in international markets, including Europe, the Middle East, and Africa. The company’s renewable energy projects also contribute to its global footprint, making it a key player in the industry.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Aug 30 2024 |
| Buyback Opening Date: | Sep 05 2024 |
| Buyback Closing Date: | Sep 11 2024 |
| Buyback Offer Amount: | ₹ 5.84 Cr. |
| Date of Board Meeting approving the proposal: | Aug 20 2024 |
| Date of Public Announcement: | Aug 20 2024 |
| Buyback Offer Size: | 2.30% |
| Buyback Number of Shares: | 3,65,169 |
| FV: | 10 |
| Buyback Price: | ₹ 160 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (In Cr) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales + | 96 | 98 | 100 | 135 | 123 |
| Expenses + | 88 | 86 | 94 | 122 | 108 |
| Operating Profit | 9 | 11 | 6 | 13 | 15 |
| OPM % | 9% | 12% | 6% | 9% | 12% |
| Other Income + | 0 | 1 | 2 | 0 | 0 |
| Interest | 0 | 1 | 0 | 1 | 1 |
| Depreciation | 2 | 3 | 3 | 3 | 3 |
| Profit before tax | 6 | 8 | 5 | 9 | 12 |
| Tax % | 28% | 35% | 39% | 31% | 20% |
| Net Profit + | 3 | 5 | 3 | 4 | 9 |
| EPS in Rs | 1.72 | 3 | 2.19 | 3 | 6 |
| Dividend Payout % | 580% | 17% | 23% | 19% | 9% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 170000 | 170000 | 170000 | 170000 |
| No. of Shares Buyback | 412 | 625 | 937 | 1250 |
| Buyback Profit | 9888 | 15000 | 22488 | 30000 |
| Profit% | 5.82% | 8.82% | 13.23% | 17.65% |
11 Comments
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ER is 26/620 in my case.
AR: 146/620 in my case.
As expected, lower circuit
Aarti Drugs to consider share buyback on 26th August !!!
Transport Corporation of India Limited TO CONSIDER BUYBACK ON 24TH AUG, 2024
Similar to Elegant Marbles, after record date – we will see continuous lower circuit for some days. Please take care
VSK ji this is not that horrible as Elegant Marble. Being a Micro Cap it may be susceptible to price manipulations on a regular basis. If you are clever enough you may make profit also, who knows!
Transport Corporation of India Limited TO CONSIDER BUY BACK ON 24TH AUG, 2024
2.30% of Equity (3,65,169 Shares) buyback @ Rs 160
CMP: Rs 136
Record Date: 30-08-2024, Friday
Thnx for info.
Very poor 1st quarterly results. Financial parameters don’t look good either.