5% Dividend, 4:1 Bonus Share Declared: Small Cap Stock Hits 52-Week High; Check Eligibility

Small cap packaging sector company, Clara Industries Ltd shares today jumped by 8.70% on BSE after the company reported healthy quarterly earnings, dividend, and bonus issue on May 25. The company recommended 4:1 bonus share and 5% interim dividend. Current market price of Clara Industries share on BSE is Rs 239.85 per share. The Board of Clara Industries fixed June 6, 2024 as the record date for interim while record date for bonus issue is yet to be announced. Clara Industries shares soared 37% in last 3-months and 226% in last 2-years. FIIs stake in Clara Industries stood at 2.8% for March 2024 quarter. Meru Investment Fund Pcc-Cell 1 holding 2.39% stake in Clara with 98,770 shares of the company. Clara Industries shares today hit fresh 52-week high and witnessed spurt in volume by more than 5.39 times. Check key details below:

Clara Industries Q4: Clara Industries on May 25 declared a surge of 30.05% in profit after tax (PAT) to Rs 2.48 crore for the quarter ended March 31, 2024 as compared to Rs 1.90 declared in the similar quarter of last year. Clara announced its March 2024 quarter revenue from operations at Rs 8.47 crore as compared to Rs 6.15 crore declared in the corresponding quarter of last year. Total income from operations declared at Rs 8.51 crore for the quarter ended March 31, 2024 as compared to Rs 6.17 crore announced in the same quarter of last year. Total expenses for the quarter under consideration announced at Rs 4.90 crore from Rs 3.44 crore declared in March 2023. EPS for March 2024 came at 5.01 from 7.69 in March 2023.

Clara Industries Recommends Dividend: As per the exchange filing of the company issued on May 25, 2024, "Interim Dividend @ 5% i.e 0.50 paise per Equity Shares of fully paid of Rs. 10/-each. The Record date for payment of Interim Dividend is 06th June, 2024."

Clara Industries Announced 4:1 Bonus Shares: The company will also reward 4 bonus shares to its shareholders for every 1 share held as on the record date. It said, "Issue of (4) four bonus equity shares of face value of Rs. 10/- (Rupees Ten only) for every 1 (one) fully paid-up equity share of Rs. I0/- (Rupees Ten only).
It approved and set the date and time of Extra-Ordinary General Meeting for the financial year 2024- 2025 to be held on 19th June, 2024 at 3.00 p.m.

Clara Industries Share Performance & Return: The 52-week high price of Clara Industries share on BSE is Rs 264.00 per share (as on 27/05/2024) and 52-week low price is Rs 141.55 per share (as on 19/03/2024), respectively. The company's market capitalisation is Rs 99.21 crore. Clara Industries share witnessed gain of 18% in last 2-weeks, soared 17% year-to-date, surged 44% in last 6-months, and offered return of 20% in last 1-year.

How To Be Eligible For Clara Industries Dividend and Bonus share? Record date remains significant in deciding eligibility of shareholders for receiving dividend and bonus issues. Individuals whose name reflect in company's shareholders record as on the record date thus become qualified to earn dividend and bonus share declared by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. Clara set June 6 as the record date for interim dividend and yet to announce record date for bonus share.

About: Clara Industries Limited operated in Industrial Packaging. It has, over the years, built a reputation for itself through its business practices, and consequently it has re-defined the contours of Industrial Packaging Industry across the globe. It delivers Industrial Packaging of all sorts which enhances the brand recognition of its customer, preserve their products, and enhances their shelf life, according to its official website.

Disclaimer:

The stock highlights the dividend, bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.