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 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:

The proposal to buyback not exceeding 57,41,000 (Fifty-Seven Lakhs Forty-One Thousand Only) equity shares of the Company (representing 4.02% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs. 290/- (Rupees Two Hundred and Ninety Only) per equity share payable in cash for an aggregate consideration not exceeding Rs. 166,49,00,000 (Rupees One Hundred Sixty-Six Crore Forty-Nine Lakh Only).

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?

1. Firstly, to be eligible for the buyback the investor should have shares of Bajaj Consumer Care Limited in Demat or physical form as on the record date [To be Updated]. 2. Once you have shares in Demat, you can participate in the buyback process which is opening from [To be updated] by selling your shares through your broker on NSE or BSE. 3. Then on [To be updated], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.

Profit from the buyback on the bases of acceptance Ratio:

Buy 689 Shares at CPM of Rs. 261 (2,00,000/290)
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%

16 Comments

      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.

      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 ?

      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.

        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.

    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.

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