Granules India Limited Buyback 2022
(i) It is a Pharma company. They have a strong presence in the ‘first line of defense’ products, including Paracetamol, Ibuprofen, Guaifenesin, and Metformin. They export nearly 60% of its revenue to the US and Europe.
(ii) The key customers include some of the leading generic, as well as, branded pharmaceutical companies.
(iii) They have emerged into a knowledge-driven, R&D focused, multi-product organization, with inherent strength in the efficient manufacturing of high-volume pharmaceutical products.
Buy Back Offer Deal:
Buyback Type: | Tender Offer |
Buyback Record Date: | Aug 23 2022 |
Buyback Offer Amount: | ₹ 250 Cr. |
Date of Board Meeting approving the proposal: | Aug 09 2022 |
Date of Public Announcement: | Aug 09 2022 |
Buyback Number of Shares: | 62,50,000 |
Price Type: | Tender offer |
FV: | 1 |
Buyback Price: | ₹ 400 Per Equity Share |
Details of Buyback:
Board of directors approved a buyback of 6,250,000 equity shares at a price of Rs. 400 per equity share for an aggregate maximum amount of Rs.2,500 Mn
Salient financial parameters:
Particulars (in crores) | 2018 | 2019 | 2020 | 2021 | 2022 |
Sales | 1,685 | 2,279 | 2,599 | 3,238 | 3,765 |
Expenses | 1,406 | 1,895 | 2,073 | 2,382 | 3,038 |
Operating Profit | 278 | 384 | 526 | 856 | 727 |
OPM % | 17% | 17% | 20% | 26% | 19% |
Other Income | 27 | 75 | 90 | 26 | 13 |
Interest | 33 | 28 | 27 | 26 | 23 |
Depreciation | 76 | 105 | 137 | 151 | 159 |
Profit before tax | 196 | 326 | 451 | 704 | 558 |
Tax % | 32% | 27% | 26% | 22% | 26% |
Net Profit | 133 | 236 | 335 | 549 | 413 |
EPS in Rs | 5.22 | 9.3 | 13.19 | 22.18 | 16.64 |
Dividend Payout % | 19% | 11% | 8% | 7% | 9% |
How to Participate in buyback?
1. Firstly to be eligible for the buyback the investor should have shares of Granules India Limited Buyback 2020 in demat or physical form as on record date on [ 23-08-2022]
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 settlement will be done for accepted shares and unaccepted shares will be returned to your demat account
Profit from the buyback on the bases of acceptance Ratio:
Buy 500 Shares at CMP of Rs. 301.75 (2,00,000/400 = 500)
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | 1,50,875 | 1,50,875 | 1,50,875 | 1,50,875 |
No. of Shares buyback | 165 | 250 | 375 | 500 |
BuyBack Profit | 16,211 | 24,562 | 36,844 | 49,125 |
Profit | 10.74% | 16.27% | 24.42% | 32.56% |
9 Comments
Leave a Reply
You must be logged in to post a comment.
What is the expected AR for this BB? my calculation comes around 10% only.
Yes 250cr buyback.
Looks AR around 8-12%
BUYBACK @ 400
Tender route
Record date – 23 Aug 22
Plz tell about expected Er and AR
And the size of the buyback is upto 62,50,000 shares. All the best to all of you.
Sir plz tell about expected ar and er
Lets wait for the 9th Aug meeting output for the Buyback details
Is it right time to enter, or wait till any announcement wrt price of buyback?
Wait .so many time companies goes with open offer .in last 3 months this happened so many times .so wait