Bhansali Engineering Polymers Limited is a small-cap company in the chemical industry with a market cap of 1,922.02 crores. The company manufactures Acrylonitrile butadiene styrene (ABS). The Board of Directors of the firm today, October 16, 2022, along with the release of its financial results declared 100% Second Interim Dividend.
The Company in a stock exchange filing today said that “In terms of Regulations 30, 33 and 42 of Schedule III and SEBI (Listed Liability and Disclosure Requirements) Regulations, 2015 read with other applicable Regulations, it is kindly informed that the Directors of the Company The Board in its meeting held today, inter alia: 1. After a limited review by the Statutory Auditors, approves the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2022 2. Declared Second Interim Dividend of Rs.1/- (100%) per equity share (1 of face value of each) for the financial year 2022-23, subject to deduction of tax at source; 3. Financial Year Thursday, October 28, 2022, was set as the record date for determining shareholders’ eligibility to receive the second interim dividend for 2022-23. The interim dividend will be paid on or before November 8, 2022. “
The company reported net sales of 358.27 crore in the second quarter of FY 2013, down 4.42% year-on-year 374.84 crore in the same quarter last year. Compared to 123.56 crore achieved in the same quarter last year, the company made a net profit of 41.01 crore in Q2FY23, showing a year-on-year decline of 66%. Earnings per share (EPS) for the company decreased 7.45 Recorded in corresponding quarter of last year 2.47 in Q2 FY23.
According to the findings of Value Research, Bhansali Engineering Polymers Limited is one of the companies with no debt. The company’s share price closed at 115.50 on NSE on Friday. In its previous trading session, the stock recorded a total volume of 246,127 shares as compared to the 20-day average volume of 254,816 shares. The stock has lost 42.85% in the past year, and on a year-over-year basis, it has lost 32.18% in 2022. The stock had touched a 52-week high. 222.50 (13-Oct-2021) and 52-week low At 98.00 (21-Jun-2022) it shows that the stock is trading 48.08% below the high and 17.85% above the low at the current market price. For the quarter ended June 2022, the company recorded promoter stake of 56.64%, FII of 0.89%, DII of 0.02% and public stake of 42.44%.
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