Bajaj Consumer Care Limited Buyback 2024
1. Established Legacy and Market Leadership: Bajaj Consumer Care, part of the prestigious Bajaj Group, has a rich history dating back to 1953. It is one of India’s oldest and most trusted FMCG companies, specializing in hair, beauty, and personal care products.
2. Diverse Product Portfolio: The company offers a wide range of products under various well-known brand names such as Almond Drops, Brahmi Amla, Natyv Soul, Bajaj 100% Pure, and Nomarks. Its product lineup includes almond hair oil, sanitizer, amla hair oil, jasmine hair oil, anti-marks skin cream, and face wash.
3. Robust Distribution Network: Bajaj Consumer Care boasts a comprehensive distribution network that ensures wide availability of its products across India and beyond.
4. Manufacturing Excellence: The company operates state-of-the-art manufacturing facilities located in Himachal Pradesh, Assam, and Uttarakhand, which enable it to maintain high standards of quality and meet large-scale demands efficiently.
5. Strategic Acquisitions and Growth: The acquisition of the Nomarks brand marks Bajaj Consumer Care’s strategic entry into the skin care category, highlighting its commitment to diversifying its product portfolio and tapping into new market segments.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jul 02 2024 |
| Buyback Opening Date: | Jul 05 2024 |
| Buyback Closing Date: | Jul 11 2024 |
| Buyback Offer Amount: | ₹ 166.49 Cr |
| Date of Board Meeting approving the proposal: | May 08 2024 |
| Date of Public Announcement: | May 08 2024 |
| Buyback Offer Size: | 4.02% |
| Buyback Number of Shares: | 57,41,000 |
| FV: | 1 |
| Buyback Price: | ₹ 290 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (In Cr) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales + | 918 | 852 | 922 | 880 | 961 |
| Expenses + | 644 | 647 | 678 | 706 | 820 |
| Operating Profit | 274 | 205 | 243 | 174 | 141 |
| OPM % | 30% | 24% | 26% | 20% | 15% |
| Other Income + | 17 | 30 | 35 | 39 | 37 |
| Interest | 1 | 4 | 1 | 1 | 1 |
| Depreciation | 7 | 6 | 6 | 5 | 9 |
| Profit before tax | 283 | 225 | 270 | 206 | 169 |
| Tax % | 22% | 18% | 17% | 18% | 18% |
| Net Profit + | 222 | 185 | 223 | 170 | 139 |
| EPS in Rs | 15.02 | 12.52 | 15.12 | 11.5 | 9.63 |
| Dividend Payout % | 93% | 16% | 66% | 70% | 51% |
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 | 179829 | 179829 | 179829 | 179829 |
| No. of Shares Buyback | 227 | 344 | 517 | 689 |
| Buyback Profit | 6583 | 9976 | 14993 | 19981 |
| Profit% | 3.66% | 5.55% | 8.34% | 11.11% |
34 Comments
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Entitlement ratio is some what amount 7.5% in bajaj .
Hopes AR will be good
385 out of 700
That means 55 percent AR GOOD PROFIT
Yes it is 55%
Ankit, where you get this news means any site or portal.
Trade confirmation from broker
Which broker??
Is that allow to sale remaining share today itself.
It is very good
55%
Record date is 2nd July 2024 for buyback
Sir Bajaj consumer ki record date kab Tak aa sakti hai
I think best time to buy
Er 53 out of 700
Will Promoters participate in Bajaj Consumer Care buyback
I dont know. but have a doubt- What is the benefit to Retail and General Category if Promotor does not participate. Suppose if Promoter is not participating then even Retail will get benefit or only general category will get benefit?
Promoters are not Participating in the Buyback.
Hi Gaurav, thanks for the update. so both general and retail category will get benefit or only general category.
eClerx announced 385 cr buyback at price 2800
Thank you for the update Atul ji.Last time it was ₹300/ crore at about half the price, if my memory is ok. No, not buying tomorrow or at the CMP.
Last time buyback price was ₹1750/ and size was a substantial 15+percent. AR was near about 40 percent.
11/20
balmer lawrie meeting date 28 may
Ji, thanks for the information. Could you tell us how you are getting this information ? Is it by keep on monitoring BSE/NSE website for corporate updates ? or do we have any alert option ?
elecrx buyback meeting date 16 may
Interesting, thank you Raj Kumar ji for your update.
Ji, thanks for the information. Could you tell us how you are getting this information ? Is it by keep on monitoring BSE/NSE website for corporate updates ? or do we have any alert option ?
Any update on this will be of interest, particularly because of the high voltage volatability seen in the past few days.
Size (4.somthing) is good.Bakhi sub .. kya hai? May be good to buy below 240.
Sir 241 per buy karna chaiye ya or price down ka wait kare
I bought 190 today @ 237. The Q4 result was not good and price fell. Sensex and Nifty fell substantially too today. I will not add further above 240 in the near future. Wish you good luck Hemant ji.
Sir what can be the buyback Ar expectations?
What could be the ER and AR for this
Buyback price fixed @290 for bajaj consumers
Balmer lawrie n Co will also consider buyback in coming BM
I request the Admin/ people concerned with this zone to post details of Sharda Motor buyback. Surprised why this one is not seen.