4:1 Bonus Issue, 5% Dividend Announced: FII-Backed Stock Reports 30% Rise In Q4 PAT

Small cap company operating in packaging industry, Clara Industries Ltd today reported 30.05% rise in profit after tax (PAT) to Rs 2.48 crore for the quarter ended March 31, 2024 as against Rs 1.90 declared in the corresponding quarter of last year. Last trading price of 220.65 apiece with intraday fall of 3.22% on May 24, 2024. Board of Directors of Clara Industries recommended an interim dividend of Re 0.50 paise per equity share along with 4:1 bonus share.

The Board fixed June 6, 2024 as the record date for interim dividend and record date for bonus issue is yet to announced. Clara Industries shares offered return of 18% in last 1-month and 179% in last 2-years. Meru Investment Fund Pcc-Cell 1 has 2.39% stake in Clara with 98,770 shares of the company. More details below:

Clara Industries Recommends Dividend: According to the BSE filing of the company dated 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 06H June, 2024."

Clara Industries Declares 4:1 Bonus Shares: The BSE filing stated, "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).

The company also approved and fixed 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 Q4: The company declared its March 2024 quarter revenue from operations at Rs 8.47 crore as against Rs 6.15 crore declared in the corresponding quarter of last year. The total income from operations arrived at Rs 8.51 crore for the quarter ended March 31, 2024 as against 6.17 crore declared in the similar quarter of last year. Total expenses for the quarter under review came at Rs 4.90 crore from Rs 3.44 crore announced in March 2023.
EPS for March 2024 came at 5.01 from 7.69 in March 2023.

Clara Industries Share Performance & Return: The 52-week high price of Clara Industries share on BSE is Rs 252.00 per share (as on 06/05/2024) and 52-week low price is Rs 141.55 per share (as on 19/03/2024), respectively. The company's market capitalisation is Rs 91.23 crore. Clara Industries share offered return of 20% return in last 3-months, soared over 7% year-to-date, gained 32% in last 6-months, and surged 6% in last 1-year.

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.