with a market valuation of 1,031.08 Cr, BCL Industries is a Small-cap company operating in the Fast Moving Consumer Goods (FMCG) market. The corporation is involved in enterprises including the distillery ethanol industry, real estate, rice sheller and oil seed crushing. In its meeting held on March 4, 2023, the Board of BCL Industries authorized the preferential allotment of 54,66,334 fully convertible warrants of par value each. 10/- each, at an issue price of 360/- per warrant after receiving subscription funds equal to 25% of the issue price from the allottees.
The company said in a stock exchange filing that “the above warrants entitle the allottee to apply for and redeem the remaining 75% of the issue price within 18 months from the date of allotment of equal number of equity shares for each warrant held by him.” are allotted on payment of Rs. Issue of these warrants.”
During Q3FY23, the company reported a net income of 535.70 Cr, down 5.50% from 566.60 Cr was recorded in Q3FY22. The company said its net spend has reached 493.60 crore during the quarter ending December 2022, which is 6.90% lower than the previous year. 530.30 crore during the quarter ended December 2021.
BCL Industries said that its EBITDA 42.10 Cr in Q3FY23, up 16.0% YoY 36.30 Cr in the same quarter of FY22, while EBITDA margin climbed from 6.41% in Q3FY22 to 7.86% in Q3FY23, increasing by 145 bps. The company said its net profit 22.80 Cr in Q3FY23, down 5.40% YoY 24.10 cr in Q3FY22. BCL Industries’ EPS reached 9.69 in Q3FY23, down 3.10% YoY 10.00 in Q3FY22.
Shares of BCL Industries on NSE on Friday 427 each level, up 3.04% from previous close 414.40. The stock has gained 5.55% over the last year, and is projected to appreciate 31.75% YTD in 2023. The stock has gained 19.94% in last six months and 7.42% over last month. The stock touched a 52-week high 530.00 (23-Mar-2022) and 52-week low 278.65 at (15-Nov-2022). During Q3FY23, the company registered promoter shareholding at 61.36% and public shareholding at 38.63%. From 0.06% in Q2FY23 to 0.00% in QE Dec 2022, FII/FPI holdings have come down.
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