Stock Split On 24 April, Rs 40/Share Dividend: Small Cap Up 148% In 1-Yr, Next Dividend Soon, Bet?

Small cap company from the electrical equipment sector, Bharat Bijlee shares gained nearly 20% in last 1-week. The stock has an attractive dividend history as it announced Rs 40/share final dividend in 2023 and a whopping Rs 95/share dividend in 2005. Last trading price of Bharat Bijlee share on BSE is Rs 6605.80 per share with intraday jump of 0.75%. Bharat Bijlee shares also offered highly attractive returns of 148% in last 1-year span. Its PE is 34.01 and EPS (TTM) is 52.54.

It is worth noting that General Insurance Corporation Of India has stake in Bharat Bijlee as it holds 1,07,098 shares of the company or 1.90%. Bharat Bijlee Ltd shares will be split on April 24 in the ratio of 1:2 implying one equity share face value of Rs 10/share will be dividend in 2 equity shares of Rs 5/- each. The company will also declare dividend on May 17. Check key details about Bharat Bijlee below:

Bharat Bijlee Stock To Be Split/Sub-Divided In April: As per the regulatory filing of the company issued on April 2, "approved and fixed Wednesday, April 24, 2024 as the Record Date, for the purpose of determining the eligibility of Shareholders of the Company, for Sub-division / Split of Existing 1 (One) Equity Share of face value of Rs 10/- (Rupees Ten only) each, fully paid up, into 2 (Two) Equity Shares of face value of Rs 5/- (Rupees Five only) each, fully paid up, ranking pari passu in all respects which was approved by the Shareholders of the Company, through Postal Ballot on Thursday, March 21, 2024."

Bharat Bijlee Will Consider Dividend Next Month Too: As per the regulatory filing of the company issued on March 29, 2024, "Meeting of the Board of Directors of the Company is scheduled to be held on Friday, May 17, 2024, inter alia, to consider and approve:

Recommendation of Dividend on Equity Shares, if any, for the Financial Year ending March 31, 2024;

The Audited Annual Accounts of the Company, for the Financial Year 2023-2024 along with the Audit Report thereon;

The Audited Financial Results of the Company, for the Quarter and Financial Year ending March 31, 2024."

Bharat Bijlee Dividend History: It has an outstanding dividend history. Bharat Bijlee declared 19 dividends since August 1, 2001 and 20th dividend is likely to be declared in May. In last 12 months, Bharat Bijlee announced an equity dividend of Rs 40.00 per share. At the current share price of Rs 6342.45, Bharat Bijlee's dividend yield is 0.63%, as per Trendlyne data.

Bharat Bijlee Shares Performance & Return: The 52-week high price of Bharat Bijlee shares on BSE is Rs 6520.30 per share and 52-week low price is Rs 2514.00 per share, respectively. The company has a market capitalisation of Rs 3584.47 crore. Bharat Bijlee shares gained 26% in last 2-weeks, soared 150% in last 1-year, and offered attractive return of 260% in last 2-years. In last 3-years, Bharat Bijlee stock zoomed 465% in last 3-years.

Bharat Bijlee Technical: Score is 70.71 implying the stock is technically strong. Stocks with score above 70 are believed to be technically strong. RSI is 71.9, RSI above 70 is considered overbought implying it may show pullback. MFI of the stock is 93.2. MFI above 80 is believed to be strongly overbought. It implies that stock may show pullback. Mutual Funds have increased holdings from 2.27% to 4.43% for the December 2023 quarter. Meanwhile, number of FII/FPI investors remains same at 58 in Dec 2023 quarter.

Bharat Bijlee Financials: The company for the quarter ended December 31, 2023 announced its net profit at Rs 29.69 crore, up 28.58% as compared to Rs 23.09 crore in December 2022. The company's net sales announced at Rs 423.74 crore for December 2023 quarter, up 9.2% as against Rs 388.03 crore declared in the corresponding quarter of last year. Its EBITDA stood at Rs 48.57 crore for the quarter under review, up 22.31% from Rs 39.71 crore in the same quarter of preceding fiscal. The company's EPS soared to RS 52.54 in December 2023 from Rs 40.85 in December 2022.

Bharat Bijlee About: It is a pioneer in electrical engineering in India. Established in 1946, the company has two primary business segments: Power Systems that comprise Transformers and Projects divisions, and Industrial Systems segment comprising Electric Motors, Drives & Industrial Automation and Elevator Systems divisions, as per its official website.

Disclaimer: The stock highlights the stock split 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.