Exploring the Dividend Bonanza and Stock Performance of Bhansali Engineering Polymers Ltd., a Leading Specialty Chemicals Company


Bhansali Engineering Polymers Ltd., a prominent small-cap specialty chemicals company, has recently announced its recommendations for dividends and bonus shares. On Wednesday, May 21, 2023, the company put forth a proposal for a 100% Final Dividend, a substantial 1400% Special Dividend, and a 2:1 Bonus Share issue. These recommendations are subject to approval at the upcoming 39th Annual General Meeting, and if approved, the dividends will be paid on or before Jun 30, 2023.

Bhansali Engineering Polymers Ltd

Bhansali Engineering Polymers Ltd. primarily operates in the manufacturing and sale of Acrylonitrile Butadiene Styrene (ABS). With a market valuation of approximately Rs 2,18,746.59 crore, the company has established itself as a significant player in the specialty chemicals sector.

According to the regulatory filing made by the company's Board of Directors, they have recommended a Final Dividend of Re. 1 (100%) per Equity Share (of face value of Re. 1 each) for the financial year ended March 31, 2023. Additionally, in recognition of the company's 40th year of business operations, a one-time Special Dividend of Rs. 14 (1400%) per Equity Share has been proposed. The total Dividend, combining the Final and Special Dividends, amounts to Rs. 15 (1500%). The shareholders' approval for these dividends will be sought at the ensuing Annual General Meeting, and if approved, the dividends will be paid by June 30, 2023.

In addition to the dividends, Bhansali Engineering Polymers Ltd. has recommended a Bonus Share issue in the ratio of 2:1. This means that for every two fully paid-up Equity Shares of Re. 1 each held by the members of the company on the Record Date, 1 (One) Bonus Equity Share of Re. 1 each will be issued. However, the issuance of Bonus Shares is subject to the approval of the members at the forthcoming Annual General Meeting.

Analyzing the stock movement, on Monday, the shares of Bhansali Engineering Polymers opened at Rs 130.05 apiece and are currently trading at Rs 131.85 apiece, representing a 1.85% increase from the previous close. The stock reached its 52-week high on Jun 06, 2023, at Rs 166.90 apiece and hit its 52-week low on Mar 28, 2023, at Rs 87.05 apiece.

Over a span of one week, the stock witnessed a 0.73% surge, but experienced a decline of 9.3% over one month. However, it delivered an impressive return of 41.48% in the last three months. Looking at longer time frames, the stock yielded positive returns of 26.78% over one year and 185.42% over three years. Nevertheless, it experienced a decline of 9.86% over five years.

Please note that the above-mentioned information is purely informational and should not be regarded as investment advice. Greynium Information Technologies and the author of this article do not assume any responsibility for losses incurred as a result of investment decisions made based on this information. It is advisable to consult certified experts before making any investment decisions.


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